The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 191,697 1,198,105 SH   SOLE   988,691 0 209,414
AMERICAN CAMPUS CMNTYS INC COM 024835100 164,466 4,709,804 SH   SOLE   3,854,237 0 855,567
AMERICAN TOWER CORP NEW COM 03027X100 230,629 954,077 SH   SOLE   787,861 0 166,216
AMERICOLD RLTY TR COM 03064D108 84,870 2,373,989 SH   SOLE   1,961,839 0 412,150
BROADSTONE NET LEASE INC CL A COM 11135E104 71,408 4,255,530 SH   SOLE   3,507,442 0 748,088
CAMDEN PPTY TR SH BEN INT 133131102 78,648 883,879 SH   SOLE   731,904 0 151,975
CUBESMART COM 229663109 195,419 6,048,242 SH   SOLE   4,994,818 0 1,053,424
CYRUSONE INC COM 23283R100 151,959 2,169,912 SH   SOLE   1,775,053 0 394,859
DIGITAL RLTY TR INC COM 253868103 110,578 753,462 SH   SOLE   618,167 0 135,295
DUKE REALTY CORP COM NEW 264411505 66,757 1,809,139 SH   SOLE   1,493,946 0 315,193
EASTERLY GOVT PPTYS INC COM 27616P103 120,104 5,359,415 SH   SOLE   4,430,752 0 928,663
EQUINIX INC COM 29444U700 259,041 340,785 SH   SOLE   282,329 0 58,456
EQUITY COMWLTH COM SH BEN INT 294628102 40,638 1,526,032 SH   SOLE   1,248,458 0 277,574
EQUITY LIFESTYLE PPTYS INC COM 29472R108 156,170 2,547,629 SH   SOLE   2,110,111 0 437,518
EQUITY RESIDENTIAL SH BEN INT 29476L107 87,160 1,698,024 SH   SOLE   1,400,398 0 297,626
HEALTHCARE RLTY TR COM 421946104 126,866 4,212,016 SH   SOLE   3,477,320 0 734,696
HEALTHPEAK PROPERTIES INC COM 42250P103 227,538 8,380,758 SH   SOLE   6,926,797 0 1,453,961
HOST HOTELS & RESORTS INC COM 44107P104 77,481 7,180,806 SH   SOLE   5,921,391 0 1,259,415
INVITATION HOMES INC COM 46187W107 316,328 11,301,468 SH   SOLE   9,342,361 0 1,959,107
PROLOGIS INC. COM 74340W103 619,588 6,157,702 SH   SOLE   5,002,938 0 1,154,764
REALTY INCOME CORP COM 756109104 218,032 3,588,997 SH   SOLE   2,974,501 0 614,496
REGENCY CTRS CORP COM 758849103 24,760 651,228 SH   SOLE   460,102 0 191,126
STORE CAP CORP COM 862121100 84,966 3,097,558 SH   SOLE   2,553,446 0 544,112
TERRENO RLTY CORP COM 88146M101 45,769 835,811 SH   SOLE   710,370 0 125,441
URBAN EDGE PPTYS COM 91704F104 84,220 8,664,559 SH   SOLE   7,531,035 0 1,133,524