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
AGREE RLTY CORP COM 008492100 44,083 664,306 SH   DFND 1,2,3 0 664,306 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,267,823 6,299,740 SH   DFND 1,2,3 0 6,299,740 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 115,966 2,071,938 SH   DFND 1,2,3 0 2,071,938 0
AMERICOLD RLTY TR COM 03064D108 545,760 19,575,319 SH   DFND 1,2,3 0 19,575,319 0
AVALONBAY CMNTYS INC COM 053484101 95,621 384,994 SH   DFND 1,2,3 0 384,994 0
BOSTON PROPERTIES INC COM 101121101 982,024 7,624,410 SH   DFND 1,2,3 0 7,624,410 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 4,820 1,393,086 SH   DFND 1,2,3 0 1,393,086 0
COUSINS PPTYS INC COM NEW 222795502 287,503 7,135,831 SH   DFND 1,2,3 0 7,135,831 0
DIGITAL RLTY TR INC COM 253868103 1,418,701 10,004,944 SH   DFND 1,2,3 0 10,004,944 0
EQUINIX INC COM 29444U700 1,170,500 1,578,302 SH   DFND 1,2,3 0 1,578,302 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,118,530 12,439,173 SH   DFND 1,2,3 0 12,439,173 0
ESSEX PPTY TR INC COM 297178105 198,739 575,254 SH   DFND 1,2,3 0 575,254 0
EXTRA SPACE STORAGE INC COM 30225T102 595,010 2,894,016 SH   DFND 1,2,3 0 2,894,016 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101 88,654 726,257 SH   DFND 1,2,3 0 726,257 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 4,268 154,256 SH   DFND 1,2,3 0 154,256 0
GULFPORT ENERGY CORP COMMON SHARES 402635502 23,240 258,742 SH   DFND 1,2,3 0 258,742 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 380,348 12,136,168 SH   DFND 1,2,3 0 12,136,168 0
HEALTHPEAK PROPERTIES INC COM 42250P103 157,767 4,595,608 SH   DFND 1,2,3 0 4,595,608 0
IHEARTMEDIA INC COM CL A 45174J509 4,750 250,907 SH   DFND 1,2,3 0 250,907 0
INVITATION HOMES INC COM 46187W107 722,125 17,972,251 SH   DFND 1,2,3 0 17,972,251 0
JBG SMITH PPTYS COM 46590V100 49,907 1,707,958 SH   DFND 1,2,3 0 1,707,958 0
KILROY RLTY CORP COM 49427F108 441,860 5,782,000 SH   DFND 1,2,3 0 5,782,000 0
KIMCO RLTY CORP COM 49446R109 394,742 15,981,473 SH   DFND 1,2,3 0 15,981,473 0
LIFE STORAGE INC COM 53223X107 97,563 694,748 SH   DFND 1,2,3 0 694,748 0
MID-AMER APT CMNTYS INC COM 59522J103 735,824 3,513,124 SH   DFND 1,2,3 0 3,513,124 0
NETSTREIT CORP COM 64119V303 29,910 1,332,873 SH   DFND 1,2,3 0 1,332,873 0
PARK HOTELS & RESORTS INC COM 700517105 54,794 2,805,621 SH   DFND 1,2,3 0 2,805,621 0
PEBBLEBROOK HOTEL TR COM 70509V100 40,827 1,667,786 SH   DFND 1,2,3 0 1,667,786 0
PROLOGIS INC. COM 74340W103 3,298,045 20,423,861 SH   DFND 1,2,3 0 20,423,861 0
PUBLIC STORAGE COM 74460D109 774,929 1,985,573 SH   DFND 1,2,3 0 1,985,573 0
REALTY INCOME CORP COM 756109104 463,932 6,694,547 SH   DFND 1,2,3 0 6,694,547 0
REGENCY CTRS CORP COM 758849103 208,527 2,923,000 SH   DFND 1,2,3 0 2,923,000 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 63,316 3,265,400 SH   DFND 1,2,3 0 3,265,400 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 66,989 722,094 SH   DFND 1,2,3 0 722,094 0
SIMON PPTY GROUP INC NEW COM 828806109 117,424 892,550 SH   DFND 1,2,3 0 892,550 0
SL GREEN RLTY CORP COM 78440X887 50,932 627,395 SH   DFND 1,2,3 0 627,395 0
SUN CMNTYS INC COM 866674104 106,133 605,473 SH   DFND 1,2,3 0 605,473 0
TERRENO RLTY CORP COM 88146M101 119,737 1,616,970 SH   DFND 1,2,3 0 1,616,970 0
UDR INC COM 902653104 62,253 1,085,111 SH   DFND 1,2,3 0 1,085,111 0
URBAN EDGE PPTYS COM 91704F104 67,592 3,538,848 SH   DFND 1,2,3 0 3,538,848 0
VENTAS INC COM 92276F100 1,231,054 19,932,870 SH   DFND 1,2,3 0 19,932,870 0
VICI PPTYS INC COM 925652109 159,228 5,594,788 SH   DFND 1,2,3 0 5,594,788 0
WP CAREY INC COM 92936U109 104,526 1,292,994 SH   DFND 1,2,3 0 1,292,994 0