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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AGREE REALTY CORP COMM STK 008492100 80,865 1,147,181 SH   SOLE   102,500 0 1,044,681
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 15,543 85,430 SH   SOLE   19,981 0 65,449
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 75,030 1,605,943 SH   SOLE   199,437 0 1,406,506
AMERICAN TOWER CORP COMM STK 03027X100 54,042 200,053 SH   SOLE   200,053 0 0
APARTMENT INCOME REIT CORP COMM STK 03750L109 67,050 1,413,653 SH   SOLE   71,363 0 1,342,290
AVALONBAY COMMUNITIES INC COMM STK 053484101 154,727 741,421 SH   SOLE   109,276 0 632,145
CAMDEN PROPERTY TRUST COMM STK 133131102 97,577 735,484 SH   SOLE   51,040 0 684,444
CARETRUST REIT INC COMM STK 14174T107 2 83 SH   SOLE   83 0 0
COLUMBIA PROPERTY TRUST INC COMM STK 198287203 22,761 1,308,878 SH   SOLE   71,681 0 1,237,197
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 48,632 1,737,471 SH   SOLE   132,473 0 1,604,998
COUSINS PROPERTIES INC COMM STK 222795502 43,406 1,180,162 SH   SOLE   74,919 0 1,105,243
CROWN CASTLE INTL CORP COMM STK 22822V101 16,956 86,907 SH   SOLE   86,907 0 0
CUBESMART COMM STK 229663109 69,108 1,491,972 SH   SOLE   141,507 0 1,350,465
DIAMONDROCK HOSPITALITY CO COMM STK 252784301 305 31,395 SH   SOLE   31,395 0 0
DIGITAL REALTY TRUST INC COMM STK 253868103 156,710 1,041,540 SH   SOLE   113,971 0 927,569
DOUGLAS EMMETT INC COMM STK 25960P109 1,702 50,630 SH   SOLE   50,630 0 0
DUKE REALTY CORP COMM STK 264411505 68,664 1,450,134 SH   SOLE   211,447 0 1,238,687
EQUINIX INC COMM STK 29444U700 247,402 308,251 SH   SOLE   39,170 0 269,081
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 157,488 2,119,344 SH   SOLE   269,768 0 1,849,576
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 2,019 27,173 SH   OTR   0 0 27,173
EQUITY RESIDENTIAL COMM STK 29476L107 6,841 88,846 SH   SOLE   88,846 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105 7,082 23,605 SH   SOLE   23,605 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 1,812 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 97,417 1,865,154 SH   SOLE   161,194 0 1,703,960
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 1,538 29,452 SH   OTR   0 0 29,452
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 71,799 2,689,110 SH   SOLE   371,259 0 2,317,851
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 9,259 278,145 SH   SOLE   66,336 0 211,809
HOST HOTELS & RESORTS INC COMM STK 44107P104 116,113 6,794,186 SH   SOLE   392,761 0 6,401,425
INVITATION HOMES INC COMM STK 46187W107 202,094 5,419,522 SH   SOLE   653,742 0 4,765,780
INVITATION HOMES INC COMM STK 46187W107 2,249 60,300 SH   OTR   0 0 60,300
KILROY REALTY CORP COMM STK 49427F108 2,458 35,300 SH   SOLE   35,300 0 0
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 84,610 2,310,486 SH   SOLE   244,072 0 2,066,414
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 1,644 44,906 SH   OTR   0 0 44,906
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 21,754 324,449 SH   SOLE   28,861 0 295,588
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 45,981 980,830 SH   SOLE   97,521 0 883,309
OUTFRONT MEDIA INC COMM STK 69007J106 74,701 3,108,636 SH   SOLE   324,909 0 2,783,727
OUTFRONT MEDIA INC COMM STK 69007J106 1,225 50,960 SH   OTR   0 0 50,960
PROLOGIS INC COMM STK 74340W103 154,148 1,289,615 SH   SOLE   148,705 0 1,140,910
PUBLIC STORAGE COMM STK 74460D109 177,152 589,152 SH   SOLE   110,514 0 478,638
REALTY INCOME CORP COMM STK 756109104 60,381 904,717 SH   SOLE   90,779 0 813,938
REGENCY CENTERS CORP COMM STK 758849103 2,187 34,136 SH   SOLE   34,136 0 0
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101 39,230 2,221,393 SH   SOLE   115,817 0 2,105,576
RETAIL PROPERTIES OF AMERICA COMM STK 76131V202 51,750 4,519,658 SH   SOLE   464,880 0 4,054,778
RETAIL PROPERTIES OF AMERICA COMM STK 76131V202 1,116 97,466 SH   OTR   0 0 97,466
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 31,061 545,408 SH   SOLE   67,886 0 477,522
SABRA HEALTHCARE REIT INC COMM STK 78573L106 49,999 2,747,221 SH   SOLE   399,746 0 2,347,475
SBA COMMUNICATIONS CORP COMM STK 78410G104 98,616 309,433 SH   SOLE   52,976 0 256,457
SBA COMMUNICATIONS CORP COMM STK 78410G104 1,840 5,775 SH   OTR   0 0 5,775
SIMON PROPERTY GROUP INC COMM STK 828806109 65,550 502,378 SH   SOLE   67,443 0 434,935
URBAN EDGE PROPERTIES COMM STK 91704F104 49,165 2,574,069 SH   SOLE   107,440 0 2,466,629
VENTAS INC COMM STK 92276F100 86,341 1,512,102 SH   SOLE   270,841 0 1,241,261
VEREIT INC COMM STK 92339V308 64,790 1,410,617 SH   SOLE   115,040 0 1,295,577
VEREIT INC COMM STK 92339V308 1,521 33,110 SH   OTR   0 0 33,110
VICI PROPERTIES INC COMM STK 925652109 77,151 2,487,127 SH   SOLE   207,781 0 2,279,346
WELLTOWER INC COMM STK 95040Q104 66,613 801,604 SH   SOLE   88,311 0 713,293
WEYERHAEUSER CO COMM STK 962166104 734 21,328 SH   SOLE   21,328 0 0