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 80,025 1,121,431 SH   SOLE   118,146 0 1,003,285
AGREE REALTY CORP COMM STK 008492100 1,456 20,400 SH   OTR   0 0 20,400
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 23,881 107,110 SH   SOLE   30,664 0 76,446
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 45,664 797,064 SH   SOLE   160,381 0 636,683
AMERICAN TOWER CORP COMM STK 03027X100 64,269 219,723 SH   SOLE   219,723 0 0
AMERICOLD REALTY TRUST COMM STK 03064D108 5,384 164,200 SH   SOLE   30,511 0 133,689
APARTMENT INCOME REIT CORP COMM STK 03750L109 108,274 1,980,501 SH   SOLE   214,304 0 1,766,197
APARTMENT INCOME REIT CORP COMM STK 03750L109 2,246 41,090 SH   OTR   0 0 41,090
AVALONBAY COMMUNITIES INC COMM STK 053484101 140,612 556,680 SH   SOLE   87,725 0 468,955
CAMDEN PROPERTY TRUST COMM STK 133131102 91,402 511,538 SH   SOLE   26,020 0 485,518
CARETRUST REIT INC COMM STK 14174T107 2 83 SH   SOLE   83 0 0
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 33,144 1,184,991 SH   SOLE   69,853 0 1,115,138
CROWN CASTLE INTL CORP COMM STK 22822V101 25,135 120,413 SH   SOLE   120,413 0 0
CUBESMART COMM STK 229663109 136,164 2,392,614 SH   SOLE   257,184 0 2,135,430
DIGITAL REALTY TRUST INC COMM STK 253868103 136,604 772,341 SH   SOLE   94,766 0 677,575
DOUGLAS EMMETT INC COMM STK 25960P109 1,696 50,630 SH   SOLE   50,630 0 0
DUKE REALTY CORP COMM STK 264411505 67,025 1,021,095 SH   SOLE   171,503 0 849,592
EQUINIX INC COMM STK 29444U700 239,055 282,624 SH   SOLE   46,043 0 236,581
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 125,029 1,426,293 SH   SOLE   223,775 0 1,202,518
EQUITY RESIDENTIAL COMM STK 29476L107 8,041 88,846 SH   SOLE   88,846 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105 8,314 23,605 SH   SOLE   23,605 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101 2,108 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 68,135 1,029,225 SH   SOLE   92,835 0 936,390
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 1,523 22,999 SH   OTR   0 0 22,999
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 70,481 2,110,834 SH   SOLE   343,400 0 1,767,434
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 9,283 257,228 SH   SOLE   54,400 0 202,828
HIGHWOODS PROPERTIES INC COMM STK 431284108 39,412 883,869 SH   SOLE   48,163 0 835,706
HOST HOTELS & RESORTS INC COMM STK 44107P104 60,547 3,481,737 SH   SOLE   203,205 0 3,278,532
INVITATION HOMES INC COMM STK 46187W107 175,039 3,860,588 SH   SOLE   548,042 0 3,312,546
KILROY REALTY CORP COMM STK 49427F108 51,410 773,542 SH   SOLE   81,190 0 692,352
KITE REALTY GROUP TRUST COMM STK 49803T300 16,929 777,264 SH   SOLE   32,059 0 745,205
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 85,157 2,084,638 SH   SOLE   264,278 0 1,820,360
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 2,009 49,174 SH   OTR   0 0 49,174
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 54,112 941,562 SH   SOLE   122,183 0 819,379
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 46,117 959,374 SH   SOLE   112,629 0 846,745
OMEGA HEALTHCARE INVESTORS INC COMM STK 681936100 36,158 1,221,981 SH   SOLE   159,596 0 1,062,385
OUTFRONT MEDIA INC COMM STK 69007J106 79,000 2,945,577 SH   SOLE   327,309 0 2,618,268
OUTFRONT MEDIA INC COMM STK 69007J106 1,640 61,165 SH   OTR   0 0 61,165
PARK HOTELS & RESORTS INC COMM STK 700517105 31,634 1,675,529 SH   SOLE   55,467 0 1,620,062
PROLOGIS INC COMM STK 74340W103 197,429 1,172,661 SH   SOLE   134,296 0 1,038,365
PUBLIC STORAGE COMM STK 74460D109 179,819 480,080 SH   SOLE   111,024 0 369,056
REALTY INCOME CORP COMM STK 756109104 122,265 1,707,856 SH   SOLE   181,781 0 1,526,075
REGENCY CENTERS CORP COMM STK 758849103 2,964 39,332 SH   SOLE   39,332 0 0
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101 44,845 2,287,998 SH   SOLE   115,030 0 2,172,968
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 54,792 675,531 SH   SOLE   61,657 0 613,874
RLJ LODGING TRUST COMM STK 74965L101 321 23,021 SH   SOLE   23,021 0 0
SBA COMMUNICATIONS CORP COMM STK 78410G104 51,396 132,116 SH   SOLE   39,963 0 92,153
SBA COMMUNICATIONS CORP COMM STK 78410G104 1,666 4,283 SH   OTR   0 0 4,283
SIMON PROPERTY GROUP INC COMM STK 828806109 87,681 548,797 SH   SOLE   66,590 0 482,207
SUN COMMUNITIES INC COMM STK 866674104 30,848 146,915 SH   SOLE   11,891 0 135,024
TERRENO REALTY CORP COMM STK 88146M101 35,737 419,007 SH   SOLE   25,893 0 393,114
URBAN EDGE PROPERTIES COMM STK 91704F104 68,165 3,587,650 SH   SOLE   402,728 0 3,184,922
URBAN EDGE PROPERTIES COMM STK 91704F104 1,420 74,743 SH   OTR   0 0 74,743
VENTAS INC COMM STK 92276F100 109,790 2,147,688 SH   SOLE   389,911 0 1,757,777
VENTAS INC COMM STK 92276F100 960 18,773 SH   OTR   0 0 18,773
VICI PROPERTIES INC COMM STK 925652109 88,805 2,949,367 SH   SOLE   253,206 0 2,696,161
VORNADO REALTY TRUST COMM STK 929042109 35,543 849,087 SH   SOLE   37,154 0 811,933
WELLTOWER INC COMM STK 95040Q104 67,807 790,564 SH   SOLE   125,550 0 665,014
WEYERHAEUSER CO COMM STK 962166104 741 17,990 SH   SOLE   17,990 0 0