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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AES Corporation COM 00130H105   56,680,869 1,970,823 SH   DFND 1 1,660,939 0 309,884
Alerian MLP ETF COM 00162Q452   8,417,239 221,099 SH   SOLE   221,099 0 0
Alexandria Real Estate Equitie COM 015271109   146,826,911 1,007,942 SH   DFND 1 750,753 0 257,189
ALLETE, Inc. COM 018522300   14,378,311 222,885 SH   DFND 1 221,681 0 1,204
Alliant Energy Corporation COM 018802108   9,748,430 176,570 SH   SOLE   27,605 0 148,965
Ameren Corp. COM 023608102   112,362,157 1,263,632 SH   DFND 1 1,073,405 0 190,227
American Electric Power Co. In COM 025537101   131,930,841 1,389,477 SH   DFND 1 1,180,288 0 209,189
American Homes 4 Rent COM 02665T306   5,529,484 183,460 SH   SOLE   0 0 183,460
American Tower Corp. COM 03027X100   194,199,139 916,639 SH   DFND 1 782,855 0 133,784
American Water Works Co. COM 030420103   569,898 3,739 SH   SOLE   0 0 3,739
Americold Realty Trust COM 03064D108   23,888,997 843,836 SH   DFND 1 566,471 0 277,365
Apartment Income REIT Co COM 03750L109   53,400,770 1,556,420 SH   DFND 1 1,165,024 0 391,396
AvalonBay Communities Inc. COM 053484101   44,202,371 273,665 SH   SOLE   168,472 0 105,193
Boston Properties Inc. COM 101121101   4,879,817 72,208 SH   SOLE   0 0 72,208
Brandywine Realty Trust SBI COM 105368203   2,279,393 370,633 SH   SOLE   0 0 370,633
Brixmor Property Group COM 11120U105   33,639,990 1,483,899 SH   DFND 1 1,157,674 0 326,225
Broadstone Net Lease Inc COM 11135E203   36,793,669 2,269,813 SH   DFND 1 1,732,928 0 536,885
Brookfield Infrastructure Part COM G16252101   8,491,229 273,999 SH   DFND 1 273,999 0 0
Camden Property Trust COM 133131102   61,669,263 551,209 SH   DFND 1 416,482 0 134,727
Cheniere Energy Inc. COM 16411R208   77,912,468 519,555 SH   DFND 1 516,667 0 2,888
Clearway Energy Inc. Class C COM 18539C204   16,338,347 512,656 SH   DFND 1 512,656 0 0
CMS Energy Corporation COM 125896100   70,607,947 1,114,921 SH   DFND 1 945,685 0 169,236
Constellation Energy Corp COM 21037T109   30,974,046 359,286 SH   DFND 1 306,163 0 53,123
Corporate Office Properties Tr COM 22002T108   1,408,698 54,306 SH   SOLE   0 0 54,306
Cousins Properties Inc. COM 222795502   1,758,237 69,523 SH   SOLE   0 0 69,523
Crown Castle Inc COM 22822V101   177,777,244 1,310,655 SH   DFND 1 1,206,594 0 104,061
CubeSmart COM 229663109   148,072,626 3,678,823 SH   DFND 1 2,918,616 0 760,207
Diamondrock Hospitality COM 252784301   23,038,634 2,813,020 SH   DFND 1 2,277,443 0 535,577
Digital Realty Trust Inc. COM 253868103   137,012,237 1,366,433 SH   DFND 1 917,448 0 448,985
Dominion Energy Inc. COM 25746U109   47,609,216 776,406 SH   DFND 1 672,462 0 103,944
Edison International COM 281020107   37,446,732 588,600 SH   DFND 1 588,600 0 0
Empire State Realty Trust Inc. COM 292104106   101,100 15,000 SH   SOLE   0 0 15,000
Enbridge Inc COM 29250N105   1,489,358 38,091 SH   DFND 1 38,091 0 0
Equinix Inc COM 29444U700   359,982,872 549,567 SH   DFND 1 463,648 0 85,919
Equity Lifestyle Properties COM 29472R108   4,419,351 68,411 SH   SOLE   0 0 68,411
Equity Residential COM 29476L107   10,581,119 179,341 SH   SOLE   0 0 179,341
Essential Utilities COM 29670G102   2,353,900 49,317 SH   SOLE   8,508 0 40,809
Essex Property Trust Inc. COM 297178105   98,606,588 465,301 SH   DFND 1 363,730 0 101,571
Extra Space Storage Inc. COM 30225T102   46,839,446 318,246 SH   DFND 1 162,211 0 156,035
Federal Realty Investment Trus COM 313745101   5,455,352 53,992 SH   SOLE   0 0 53,992
First Industrial Realty Trust COM 32054K103   7,949,291 164,718 SH   SOLE   164,718 0 0
FirstEnergy Corp. COM 337932107   76,089,142 1,814,238 SH   DFND 1 1,534,302 0 279,936
Four Corners Property Trust COM 35086T109   32,313,707 1,246,190 SH   DFND 1 806,820 0 439,370
Getty Realty Corp. COM 374297109   644,470 19,039 SH   SOLE   0 0 19,039
Healthcare Realty Trust Inc COM 42226K105   12,845,767 666,620 SH   SOLE   666,620 0 0
Healthpeak Properties Inc. COM 42250P103   15,275,251 609,304 SH   SOLE   133,884 0 475,420
Highwoods Properties Inc. COM 431284108   1,422,363 50,835 SH   SOLE   0 0 50,835
Hilton Worldwide Holdings Inc. COM 43300A203   4,425,001 35,019 SH   DFND 1 26,848 0 8,171
Host Hotels & Resorts Inc. COM 44107P104   14,227,523 886,450 SH   SOLE   764,624 0 121,826
Hudson Pacific Properties COM 444097109   18,026,372 1,852,659 SH   DFND 1 1,372,918 0 479,741
Hyatt Hotels Corp. - Cl A COM 448579102   664,084 7,342 SH   SOLE   7,342 0 0
Independence Realty Trust Inc COM 45378A106   37,989,492 2,253,232 SH   DFND 1 1,729,744 0 523,488
Inventrust Properties Corp COM 46124J201   775,453 32,761 SH   SOLE   0 0 32,761
Invitation Homes Inc COM 46187W107   169,477,578 5,717,867 SH   DFND 1 4,316,259 0 1,401,608
Iron Mountain Incorporated COM 46284V101   61,714,250 1,237,999 SH   DFND 1 925,714 0 312,285
JBG Smith Properties COM 46590V100   1,044,356 55,024 SH   SOLE   0 0 55,024
Kilroy Realty Corp. COM 49427F108   2,192,705 56,703 SH   SOLE   0 0 56,703
Kimco Realty Corp. COM 49446R109   9,837,729 464,482 SH   SOLE   0 0 464,482
Kite Realty Group Trust COM 49803T300   28,065,670 1,333,286 SH   DFND 1 750,358 0 582,928
Life Storage Inc COM 53223X107   128,753,093 1,307,138 SH   DFND 1 987,585 0 319,553
LXP Industrial Trust COM 529043101   1,314,153 131,153 SH   SOLE   0 0 131,153
Macerich Co. COM 554382101   203,266 18,052 SH   SOLE   0 0 18,052
Medical Properties Trust COM 58463J304   8,166,734 733,100 SH   DFND 1 733,100 0 0
Mid-America Apt. Comm. COM 59522J103   36,399,387 231,858 SH   SOLE   114,655 0 117,203
National Retail Properties Inc COM 637417106   24,893,440 544,000 SH   SOLE   470,396 0 73,604
National Storage Affiliates Tr COM 637870106   16,489,683 456,525 SH   SOLE   456,525 0 0
Netstreit Corp COM 64119V303   25,111,807 1,369,984 SH   DFND 1 991,704 0 378,280
NexPoint Residential Trust, In COM 65341D102   10,662,705 245,007 SH   DFND 1 195,850 0 49,157
Nextera Energy Inc COM 65339F101   188,133,273 2,250,398 SH   DFND 1 1,887,822 0 362,576
NextEra Energy Partners LP COM 65341B106   27,221,975 388,386 SH   DFND 1 302,171 0 86,215
NiSource Inc. COM 65473P105   43,612,278 1,590,528 SH   DFND 1 1,266,105 0 324,423
OGE Energy Corp. COM 670837103   61,259,746 1,548,919 SH   DFND 1 1,543,197 0 5,722
ONEOK Inc. COM 682680103   52,718,666 802,415 SH   DFND 1 802,415 0 0
Outfront Media Inc. COM 69007J106   1,400,363 84,461 SH   SOLE   84,461 0 0
Paramount Group Inc COM 69924R108   494,339 83,222 SH   SOLE   0 0 83,222
Park Hotels & Resorts Inc COM 700517105   44,481,642 3,772,828 SH   DFND 1 3,017,223 0 755,605
Pebblebrook Hotel Trust COM 70509V100   19,307,791 1,441,956 SH   SOLE   1,344,007 0 97,949
Pembina Pipeline Corp COM 706327103   669,698 19,726 SH   DFND 1 19,726 0 0
Piedmont Office Realty Trust I COM 720190206   29,111,458 3,174,641 SH   DFND 1 2,642,186 0 532,455
PPL Corp. COM 69351T106   68,343,798 2,338,939 SH   DFND 1 2,325,769 0 13,170
ProLogis Inc. COM 74340W103   426,668,170 3,784,868 SH   DFND 1 2,787,514 0 997,354
Public Service Enterprise Grou COM 744573106   104,460,081 1,704,914 SH   DFND 1 1,409,653 0 295,261
Public Storage COM 74460D109   78,968,750 281,840 SH   SOLE   166,271 0 115,569
Realty Income Corp COM 756109104   23,296,000 367,271 SH   SOLE   6,107 0 361,164
Regency Centers Corporation COM 758849103   17,417,563 278,681 SH   DFND 1 141,358 0 137,323
Retail Opportunity Investments COM 76131N101   30,839,140 2,051,839 SH   DFND 1 1,514,782 0 537,057
Rexford Industrial Realty, Inc COM 76169C100   70,542,152 1,291,035 SH   DFND 1 971,291 0 319,744
SBA Communications Corp. COM 78410G104   3,697,850 13,192 SH   SOLE   2,250 0 10,942
Sempra Energy COM 816851109   88,647,698 573,623 SH   DFND 1 461,750 0 111,873
Simon Property Group Inc. COM 828806109   267,530,625 2,277,244 SH   DFND 1 1,661,899 0 615,345
Site Centers Corp COM 82981J109   1,625,171 118,973 SH   SOLE   0 0 118,973
Southern Co. COM 842587107   36,581,915 512,280 SH   DFND 1 395,206 0 117,074
Spirit Realty Capital Inc. COM 84860W300   99,938,601 2,502,845 SH   DFND 1 1,793,393 0 709,452
STAG Industrial, Inc. COM 85254J102   85,127,222 2,634,702 SH   DFND 1 1,954,655 0 680,047
Sun Communities Inc. COM 866674104   86,143,343 602,401 SH   DFND 1 455,595 0 146,806
Sunstone Hotel Investors Inc. COM 867892101   44,009,849 4,555,885 SH   DFND 1 3,663,096 0 892,789
Tanger Factory Outlet Centers COM 875465106   399,398 22,263 SH   SOLE   22,263 0 0
Targa Resources Corp. COM 87612G101   35,157,623 478,335 SH   DFND 1 475,737 0 2,598
Tricon Residential Inc COM 89612W102   23,864,748 3,095,298 SH   DFND 1 2,617,721 0 477,577
UDR Inc. COM 902653104   13,446,514 347,186 SH   SOLE   81,307 0 265,879
Union Pacific Corp COM 907818108   51,460,829 248,519 SH   DFND 1 197,549 0 50,970
Uniti Group Inc COM 91325V108   7,602,644 1,374,800 SH   DFND 1 1,374,800 0 0
Urban Edge Properties COM 91704F104   22,936,604 1,627,864 SH   DFND 1 1,060,848 0 567,016
Ventas Inc. COM 92276F100   92,648,569 2,056,572 SH   DFND 1 1,213,817 0 842,755
Veris Residential Inc COM 554489104   11,747,738 737,460 SH   DFND 1 584,599 0 152,861
Vici Properties Inc. COM 925652109   10,906,423 336,618 SH   SOLE   74,641 0 261,977
Vornado Realty Trust COM 929042109   347,527 16,700 SH   SOLE   0 0 16,700
WEC Energy Group Inc. COM 92939U106   137,067,932 1,461,902 SH   DFND 1 1,214,847 0 247,055
Welltower Inc. COM 95040Q104   41,091,984 626,880 SH   SOLE   330,904 0 295,976
Williams Cos. COM 969457100   84,058,612 2,554,973 SH   DFND 1 2,549,118 0 5,855
WP Carey Inc. COM 92936U109   11,596,210 148,384 SH   SOLE   0 0 148,384
Xcel Energy Inc. COM 98389B100   105,856,775 1,509,867 SH   DFND 1 1,227,899 0 281,968
Xenia Hotels & Resorts Inc COM 984017103   17,587,392 1,334,400 SH   DFND 1 1,054,873 0 279,527
AES Corporation UNIT 00130H204   27,665,112 271,200 SH   DFND 1 271,200 0 0
American Electric Power Co. Inc UNIT 02557T307   4,080,339 79,107 SH   DFND 1 79,107 0 0
Nextera Energy Inc UNIT 65339F713   29,612,100 590,000 SH   DFND 1 590,000 0 0