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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 86,289 594,971 SH   SOLE   594,971 0 0
AMERICAN TOWER CORP NEW COM 03027X100 74,432 291,216 SH   SOLE   291,216 0 0
AMERICOLD REALTY TRUST INC COM 03064D108 76,303 2,540,062 SH   SOLE   2,540,062 0 0
APARTMENT INCOME REIT CORP COM 03750L109 29,070 698,800 SH   SOLE   698,800 0 0
BOYD GAMING CORP COM 103304101 14,472 290,900 SH   SOLE   290,900 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 40,537 2,005,789 SH   SOLE   2,005,789 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,626 179,253 SH   SOLE   179,253 0 0
CAMDEN PPTY TR SH BEN INT 133131102 87,931 653,857 SH   SOLE   653,857 0 0
CUBESMART COM 229663109 40,413 946,000 SH   SOLE   946,000 0 0
EQUINIX INC COM 29444U700 48,895 74,420 SH   SOLE   74,420 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 63,544 879,864 SH   SOLE   879,864 0 0
ESSEX PPTY TR INC COM 297178105 74,981 286,725 SH   SOLE   286,725 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101 55,534 580,046 SH   SOLE   580,046 0 0
FIRST INDL RLTY TR INC COM 32054K103 81,454 1,715,536 SH   SOLE   1,715,536 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 29,809 650,000 SH   SOLE   650,000 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 28,345 1,015,592 SH   SOLE   1,015,592 0 0
HIGHWOODS PPTYS INC COM 431284108 10,544 308,399 SH   SOLE   308,399 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 13,930 125,000 SH   SOLE   125,000 0 0
HOME DEPOT INC COM 437076102 12,342 45,000 SH   SOLE   45,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 47,144 3,006,632 SH   SOLE   3,006,632 0 0
INSPIRED ENTMT INC COM 45782N108 3,964 460,432 SH   SOLE   460,432 0 0
INVITATION HOMES INC COM 46187W107 59,367 1,668,539 SH   SOLE   1,668,539 0 0
JBG SMITH PPTYS COM 46590V100 18,469 781,280 SH   SOLE   781,280 0 0
KILROY RLTY CORP COM 49427F108 62,820 1,200,455 SH   SOLE   1,200,455 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 42,246 480,235 SH   SOLE   480,235 0 0
LIFE STORAGE INC COM 53223X107 75,703 677,974 SH   SOLE   677,974 0 0
LXP INDUSTRIAL TRUST COM 529043101 9,144 851,413 SH   SOLE   851,413 0 0
NETSTREIT CORP COM 64119V303 25,390 1,345,516 SH   SOLE   1,345,516 0 0
PROLOGIS INC. COM 74340W103 70,843 602,151 SH   SOLE   602,151 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 16,045 1,148,515 SH   SOLE   1,148,515 0 0
SMARTRENT INC COM CL A 83193G107 9,252 2,046,941 SH   SOLE   2,046,941 0 0
STAG INDL INC COM 85254J102 45,604 1,476,819 SH   SOLE   1,476,819 0 0
SUN CMNTYS INC COM 866674104 88,048 552,512 SH   SOLE   552,512 0 0
WILLSCOT MOBIL MINI HLDNG CO COM CL A 971378104 20,943 646,000 SH   SOLE   646,000 0 0
XENIA HOTELS & RESORTS INC COM 984017103 10,234 704,331 SH   SOLE   704,331 0 0