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 76,797 1,157,275 SH   SOLE   137,139 0 1,020,136
AGREE REALTY CORP COMM STK 008492100 1,385 20,875 SH   OTR   0 0 20,875
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 19,940 99,082 SH   SOLE   34,020 0 65,062
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 2,480 44,309 SH   SOLE   44,309 0 0
AMERICAN HOMES 4 RENT COMM STK 02665T306 46,023 1,149,703 SH   SOLE   201,487 0 948,216
AMERICAN TOWER CORP COMM STK 03027X100 57,162 227,536 SH   SOLE   227,536 0 0
AMERICOLD REALTY TRUST COMM STK 03064D108 29,434 1,055,749 SH   SOLE   114,837 0 940,912
APARTMENT INCOME REIT CORP COMM STK 03750L109 103,687 1,939,534 SH   SOLE   201,741 0 1,737,793
APARTMENT INCOME REIT CORP COMM STK 03750L109 2,197 41,090 SH   OTR   0 0 41,090
AVALONBAY COMMUNITIES INC COMM STK 053484101 119,035 479,264 SH   SOLE   88,945 0 390,319
CAMDEN PROPERTY TRUST COMM STK 133131102 32,240 193,986 SH   SOLE   17,272 0 176,714
CARETRUST REIT INC COMM STK 14174T107 617 31,960 SH   SOLE   31,960 0 0
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 48,276 1,691,522 SH   SOLE   111,745 0 1,579,777
CROWN CASTLE INTL CORP COMM STK 22822V101 22,091 119,669 SH   SOLE   119,669 0 0
CUBESMART COMM STK 229663109 131,979 2,536,593 SH   SOLE   346,448 0 2,190,145
CUBESMART COMM STK 229663109 842 16,185 SH   OTR   0 0 16,185
DIGITAL REALTY TRUST INC COMM STK 253868103 126,385 891,290 SH   SOLE   114,402 0 776,888
DOUGLAS EMMETT INC COMM STK 25960P109 1,692 50,630 SH   SOLE   50,630 0 0
DUKE REALTY CORP COMM STK 264411505 43,689 752,483 SH   SOLE   172,796 0 579,687
EQUINIX INC COMM STK 29444U700 215,368 290,402 SH   SOLE   49,065 0 241,337
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 113,305 1,481,499 SH   SOLE   241,010 0 1,240,489
EQUITY RESIDENTIAL COMM STK 29476L107 7,787 86,600 SH   SOLE   86,600 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105 82,131 237,731 SH   SOLE   37,601 0 200,130
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101 1,888 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 64,603 1,043,497 SH   SOLE   105,279 0 938,218
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 1,424 22,999 SH   OTR   0 0 22,999
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 24,008 766,051 SH   SOLE   70,205 0 695,846
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 8,211 239,171 SH   SOLE   54,400 0 184,771
HIGHWOODS PROPERTIES INC COMM STK 431284108 32,465 709,768 SH   SOLE   40,364 0 669,404
HOST HOTELS & RESORTS INC COMM STK 44107P104 48,310 2,486,341 SH   SOLE   164,474 0 2,321,867
INVITATION HOMES INC COMM STK 46187W107 151,928 3,781,187 SH   SOLE   595,716 0 3,185,471
INVITATION HOMES INC COMM STK 46187W107 1,456 36,233 SH   OTR   0 0 36,233
KILROY REALTY CORP COMM STK 49427F108 56,499 739,322 SH   SOLE   79,882 0 659,440
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304 51,914 2,455,718 SH   SOLE   260,252 0 2,195,466
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 67,536 1,745,112 SH   SOLE   228,538 0 1,516,574
MGM GROWTH PROPERTIES LLC COMM STK 55303A105 1,903 49,174 SH   OTR   0 0 49,174
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 68,913 1,167,817 SH   SOLE   166,981 0 1,000,836
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 1,096 18,575 SH   OTR   0 0 18,575
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 54,967 1,223,128 SH   SOLE   144,673 0 1,078,455
OMEGA HEALTHCARE INVESTORS INC COMM STK 681936100 47,088 1,511,173 SH   SOLE   189,961 0 1,321,212
OUTFRONT MEDIA INC COMM STK 69007J106 66,805 2,349,806 SH   SOLE   283,183 0 2,066,623
OUTFRONT MEDIA INC COMM STK 69007J106 1,739 61,165 SH   OTR   0 0 61,165
PARK HOTELS & RESORTS INC COMM STK 700517105 27,067 1,385,933 SH   SOLE   44,166 0 1,341,767
PROLOGIS INC COMM STK 74340W103 188,602 1,167,961 SH   SOLE   141,454 0 1,026,507
PUBLIC STORAGE COMM STK 74460D109 183,360 469,816 SH   SOLE   107,420 0 362,396
REALTY INCOME CORP COMM STK 756109104 95,643 1,380,131 SH   SOLE   164,054 0 1,216,077
REGENCY CENTERS CORP COMM STK 758849103 3,210 44,994 SH   SOLE   44,994 0 0
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101 27,958 1,441,858 SH   SOLE   66,591 0 1,375,267
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 46,419 622,323 SH   SOLE   67,324 0 554,999
RLJ LODGING TRUST COMM STK 74965L101 284 20,165 SH   SOLE   20,165 0 0
SBA COMMUNICATIONS CORP COMM STK 78410G104 40,701 118,282 SH   SOLE   41,012 0 77,270
SBA COMMUNICATIONS CORP COMM STK 78410G104 1,345 3,908 SH   OTR   0 0 3,908
SIMON PROPERTY GROUP INC COMM STK 828806109 92,750 705,003 SH   SOLE   80,075 0 624,928
SITE CENTERS CORP COMM STK 82981J109 26,208 1,568,427 SH   SOLE   83,105 0 1,485,322
SUN COMMUNITIES INC COMM STK 866674104 14,999 85,568 SH   SOLE   9,915 0 75,653
TERRENO REALTY CORP COMM STK 88146M101 29,812 402,594 SH   SOLE   31,286 0 371,308
URBAN EDGE PROPERTIES COMM STK 91704F104 66,500 3,481,657 SH   SOLE   375,753 0 3,105,904
URBAN EDGE PROPERTIES COMM STK 91704F104 1,428 74,743 SH   OTR   0 0 74,743
VENTAS INC COMM STK 92276F100 41,479 671,616 SH   SOLE   206,345 0 465,271
VICI PROPERTIES INC COMM STK 925652109 87,111 3,060,815 SH   SOLE   466,490 0 2,594,325
WELLTOWER INC COMM STK 95040Q104 121,592 1,264,737 SH   SOLE   176,904 0 1,087,833
WEYERHAEUSER CO COMM STK 962166104 722 19,059 SH   SOLE   19,059 0 0