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
AMERICAN CAMPUS CMNTYS INC COM 024835100 87,260 1,523,131 SH   SOLE   1,523,131 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 39,243 899,859 SH   SOLE   899,859 0 0
AMERICOLD RLTY TR COM 03064D108 21,971 670,040 SH   SOLE   670,040 0 0
APARTMENT INCOME REIT CORP COM 03750L109 57,894 1,058,977 SH   SOLE   1,058,977 0 0
AVALONBAY CMNTYS INC COM 053484101 34,093 134,975 SH   SOLE   134,975 0 0
BLACKSTONE INC COM 09260D107 13,518 104,474 SH   SOLE   104,474 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 12,232 130,780 SH   SOLE   130,780 0 0
D R HORTON INC COM 23331A109 19,344 178,367 SH   SOLE   178,367 0 0
JONES LANG LASALLE INC COM 48020Q107 18,940 70,320 SH   SOLE   70,320 0 0
LXP INDUSTRIAL TRUST COM 529043101 103,641 6,635,157 SH   SOLE   6,635,157 0 0
OUTFRONT MEDIA INC COM 69007J106 17,453 650,751 SH   SOLE   650,751 0 0
PUBLIC STORAGE COM 74460D109 39,663 105,892 SH   SOLE   105,892 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 60,347 3,078,950 SH   SOLE   3,078,950 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 26,050 66,964 SH   SOLE   66,964 0 0
SUN CMNTYS INC COM 866674104 16,741 79,730 SH   SOLE   79,730 0 0
VENTAS INC COM 92276F100 33,268 650,785 SH   SOLE   650,785 0 0
VICI PPTYS INC COM 925652109 17,812 591,580 SH   SOLE   591,580 0 0