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| | | 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 Equities Inc | COMMON STOCK | 015271109 | 2,567 | 17,700 | SH | | SOLE | 0 | 0 | 0 | 17,700 |
American Campus Communities Inc | COMMON STOCK | 024835100 | 1,386 | 21,500 | SH | | SOLE | 0 | 0 | 0 | 21,500 |
American Homes 4 Rent | COMMON STOCK | 02665T306 | 2,091 | 59,000 | SH | | SOLE | 0 | 0 | 0 | 59,000 |
Apartment Income REIT Corp | COMMON STOCK | 03750L109 | 1,806 | 43,422 | SH | | SOLE | 0 | 0 | 0 | 43,422 |
Apartment Investment and Management Co | COMMON STOCK | 03748R747 | 353 | 55,222 | SH | | SOLE | 0 | 0 | 0 | 55,222 |
Apple Hospitality REIT Inc | COMMON STOCK | 03784Y200 | 734 | 50,000 | SH | | SOLE | 0 | 0 | 0 | 50,000 |
AvalonBay Communities Inc | COMMON STOCK | 053484101 | 4,608 | 23,720 | SH | | SOLE | 0 | 0 | 0 | 23,720 |
Boston Properties Inc | COMMON STOCK | 101121101 | 1,372 | 15,417 | SH | | SOLE | 0 | 0 | 0 | 15,417 |
Brandywine Realty Trust | COMMON STOCK | 105368203 | 1,652 | 171,400 | SH | | SOLE | 0 | 0 | 0 | 171,400 |
Brixmor Property Group Inc | COMMON STOCK | 11120U105 | 2,284 | 113,000 | SH | | SOLE | 0 | 0 | 0 | 113,000 |
Camden Property Trust | COMMON STOCK | 133131102 | 2,365 | 17,586 | SH | | SOLE | 0 | 0 | 0 | 17,586 |
Centerspace | COMMON STOCK | 15202L107 | 1,140 | 13,980 | SH | | SOLE | 0 | 0 | 0 | 13,980 |
Chatham Lodging Trust | COMMON STOCK | 16208T102 | 376 | 36,000 | SH | | SOLE | 0 | 0 | 0 | 36,000 |
Corporate Office Properties Trust | COMMON STOCK | 22002T108 | 838 | 32,000 | SH | | SOLE | 0 | 0 | 0 | 32,000 |
Cousins Properties Inc | COMMON STOCK | 222795502 | 1,578 | 53,977 | SH | | SOLE | 0 | 0 | 0 | 53,977 |
CubeSmart | COMMON STOCK | 229663109 | 2,627 | 61,500 | SH | | SOLE | 0 | 0 | 0 | 61,500 |
Digital Realty Trust Inc | COMMON STOCK | 253868103 | 5,416 | 41,719 | SH | | SOLE | 0 | 0 | 0 | 41,719 |
DigitalBridge Group Inc | COMMON STOCK | 25401T108 | 473 | 96,932 | SH | | SOLE | 0 | 0 | 0 | 96,932 |
Diversified Healthcare Trust | COMMON STOCK | 25525P107 | 726 | 399,100 | SH | | SOLE | 0 | 0 | 0 | 399,100 |
Douglas Emmett Inc | COMMON STOCK | 25960P109 | 134 | 6,000 | SH | | SOLE | 0 | 0 | 0 | 6,000 |
Duke Realty Corp | COMMON STOCK | 264411505 | 2,666 | 48,524 | SH | | SOLE | 0 | 0 | 0 | 48,524 |
EPR Properties | COMMON STOCK | 26884U109 | 693 | 14,762 | SH | | SOLE | 0 | 0 | 0 | 14,762 |
Empire State Realty Trust Inc | COMMON STOCK | 292104106 | 380 | 54,000 | SH | | SOLE | 0 | 0 | 0 | 54,000 |
Equinix Inc | COMMON STOCK | 29444U700 | 5,495 | 8,364 | SH | | SOLE | 0 | 0 | 0 | 8,364 |
Equity Residential | COMMON STOCK | 29476L107 | 3,940 | 54,556 | SH | | SOLE | 0 | 0 | 0 | 54,556 |
Essential Properties Realty Trust Inc | COMMON STOCK | 29670E107 | 623 | 29,000 | SH | | SOLE | 0 | 0 | 0 | 29,000 |
Essex Property Trust Inc | COMMON STOCK | 297178105 | 2,915 | 11,145 | SH | | SOLE | 0 | 0 | 0 | 11,145 |
Four Corners Property Trust Inc | COMMON STOCK | 35086T109 | 771 | 29,000 | SH | | SOLE | 0 | 0 | 0 | 29,000 |
Gaming and Leisure Properties Inc | COMMON STOCK | 36467J108 | 2,677 | 58,372 | SH | | SOLE | 0 | 0 | 0 | 58,372 |
Global Medical REIT Inc | COMMON STOCK | 37954A204 | 460 | 41,000 | SH | | SOLE | 0 | 0 | 0 | 41,000 |
Global Net Lease Inc | COMMON STOCK | 379378201 | 1,741 | 122,976 | SH | | SOLE | 0 | 0 | 0 | 122,976 |
Healthcare Realty Trust Inc | COMMON STOCK | 421946104 | 1,026 | 37,719 | SH | | SOLE | 0 | 0 | 0 | 37,719 |
Healthcare Trust of America Inc | COMMON STOCK | 42225P501 | 1,228 | 44,000 | SH | | SOLE | 0 | 0 | 0 | 44,000 |
Healthpeak Properties Inc | COMMON STOCK | 42250P103 | 2,788 | 107,593 | SH | | SOLE | 0 | 0 | 0 | 107,593 |
Hersha Hospitality Trust | COMMON STOCK | 427825500 | 392 | 40,000 | SH | | SOLE | 0 | 0 | 0 | 40,000 |
Highwoods Properties Inc | COMMON STOCK | 431284108 | 1,361 | 39,802 | SH | | SOLE | 0 | 0 | 0 | 39,802 |
Host Hotels and Resorts Inc | COMMON STOCK | 44107P104 | 2,179 | 138,998 | SH | | SOLE | 0 | 0 | 0 | 138,998 |
Hudson Pacific Properties Inc | COMMON STOCK | 444097109 | 987 | 66,500 | SH | | SOLE | 0 | 0 | 0 | 66,500 |
Independence Realty Trust Inc | COMMON STOCK | 45378A106 | 850 | 41,000 | SH | | SOLE | 0 | 0 | 0 | 41,000 |
Industrial Logistics Properties Trust | COMMON STOCK | 456237106 | 1,808 | 128,415 | SH | | SOLE | 0 | 0 | 0 | 128,415 |
Innovative Industrial Properties Inc | COMMON STOCK | 45781V101 | 407 | 3,700 | SH | | SOLE | 0 | 0 | 0 | 3,700 |
Invitation Homes Inc | COMMON STOCK | 46187W107 | 3,569 | 100,310 | SH | | SOLE | 0 | 0 | 0 | 100,310 |
Iron Mountain Inc | COMMON STOCK | 46284V101 | 2,678 | 55,000 | SH | | SOLE | 0 | 0 | 0 | 55,000 |
KENNEDY-WILSON HOLDINGS INC | COMMON STOCK | 489398107 | 305 | 16,081 | SH | | SOLE | 0 | 0 | 0 | 16,081 |
Kilroy Realty Corp | COMMON STOCK | 49427F108 | 471 | 9,000 | SH | | SOLE | 0 | 0 | 0 | 9,000 |
Kimco Realty Corp | COMMON STOCK | 49446R109 | 212 | 10,731 | SH | | SOLE | 0 | 0 | 0 | 10,731 |
Kite Realty Group Trust | COMMON STOCK | 49803T300 | 847 | 49,000 | SH | | SOLE | 0 | 0 | 0 | 49,000 |
LXP Industrial Trust | COMMON STOCK | 529043101 | 2,116 | 197,000 | SH | | SOLE | 0 | 0 | 0 | 197,000 |
Life Storage Inc | COMMON STOCK | 53223X107 | 2,752 | 24,650 | SH | | SOLE | 0 | 0 | 0 | 24,650 |
Macerich Co/The | COMMON STOCK | 554382101 | 215 | 24,720 | SH | | SOLE | 0 | 0 | 0 | 24,720 |
Medical Properties Trust Inc | COMMON STOCK | 58463J304 | 2,810 | 184,000 | SH | | SOLE | 0 | 0 | 0 | 184,000 |
Mid-America Apartment Communities Inc | COMMON STOCK | 59522J103 | 3,238 | 18,540 | SH | | SOLE | 0 | 0 | 0 | 18,540 |
National Health Investors Inc | COMMON STOCK | 63633D104 | 1,352 | 22,300 | SH | | SOLE | 0 | 0 | 0 | 22,300 |
Office Properties Income Trust | COMMON STOCK | 67623C109 | 473 | 23,708 | SH | | SOLE | 0 | 0 | 0 | 23,708 |
Omega Healthcare Investors Inc | COMMON STOCK | 681936100 | 2,509 | 89,000 | SH | | SOLE | 0 | 0 | 0 | 89,000 |
Park Hotels and Resorts Inc | COMMON STOCK | 700517105 | 285 | 21,038 | SH | | SOLE | 0 | 0 | 0 | 21,038 |
Pebblebrook Hotel Trust | COMMON STOCK | 70509V100 | 148 | 8,911 | SH | | SOLE | 0 | 0 | 0 | 8,911 |
Physicians Realty Trust | COMMON STOCK | 71943U104 | 1,099 | 63,000 | SH | | SOLE | 0 | 0 | 0 | 63,000 |
Plymouth Industrial REIT Inc | COMMON STOCK | 729640102 | 1,719 | 98,000 | SH | | SOLE | 0 | 0 | 0 | 98,000 |
Power REIT | COMMON STOCK | 73933H101 | 459 | 36,033 | SH | | SOLE | 0 | 0 | 0 | 36,033 |
Prologis Inc | COMMON STOCK | 74340W103 | 13,695 | 116,404 | SH | | SOLE | 0 | 0 | 0 | 116,404 |
Public Storage | COMMON STOCK | 74460D109 | 6,969 | 22,289 | SH | | SOLE | 0 | 0 | 0 | 22,289 |
RLJ Lodging Trust | COMMON STOCK | 74965L101 | 840 | 76,200 | SH | | SOLE | 0 | 0 | 0 | 76,200 |
Realty Income Corp | COMMON STOCK | 756109104 | 5,279 | 77,335 | SH | | SOLE | 0 | 0 | 0 | 77,335 |
SL Green Realty Corp | COMMON STOCK | 78440X887 | 905 | 19,618 | SH | | SOLE | 0 | 0 | 0 | 19,618 |
STAG Industrial Inc | COMMON STOCK | 85254J102 | 2,251 | 72,880 | SH | | SOLE | 0 | 0 | 0 | 72,880 |
STORE Capital Corp | COMMON STOCK | 862121100 | 1,982 | 76,000 | SH | | SOLE | 0 | 0 | 0 | 76,000 |
Sabra Health Care REIT Inc | COMMON STOCK | 78573L106 | 1,994 | 142,730 | SH | | SOLE | 0 | 0 | 0 | 142,730 |
Service Properties Trust | COMMON STOCK | 81761L102 | 447 | 85,434 | SH | | SOLE | 0 | 0 | 0 | 85,434 |
Simon Property Group Inc | COMMON STOCK | 828806109 | 4,946 | 52,108 | SH | | SOLE | 0 | 0 | 0 | 52,108 |
Spirit Realty Capital Inc | COMMON STOCK | 84860W300 | 2,327 | 61,600 | SH | | SOLE | 0 | 0 | 0 | 61,600 |
Summit Hotel Properties Inc | COMMON STOCK | 866082100 | 502 | 69,000 | SH | | SOLE | 0 | 0 | 0 | 69,000 |
Tanger Factory Outlet Centers Inc | COMMON STOCK | 875465106 | 398 | 28,000 | SH | | SOLE | 0 | 0 | 0 | 28,000 |
UDR Inc | COMMON STOCK | 902653104 | 2,583 | 56,105 | SH | | SOLE | 0 | 0 | 0 | 56,105 |
UMH Properties Inc | COMMON STOCK | 903002103 | 1,005 | 56,900 | SH | | SOLE | 0 | 0 | 0 | 56,900 |
VICI Properties Inc | COMMON STOCK | 925652109 | 2,383 | 80,000 | SH | | SOLE | 0 | 0 | 0 | 80,000 |
Ventas Inc | COMMON STOCK | 92276F100 | 3,944 | 76,679 | SH | | SOLE | 0 | 0 | 0 | 76,679 |
Vornado Realty Trust | COMMON STOCK | 929042109 | 794 | 27,765 | SH | | SOLE | 0 | 0 | 0 | 27,765 |
WP Carey Inc | COMMON STOCK | 92936U109 | 3,049 | 36,800 | SH | | SOLE | 0 | 0 | 0 | 36,800 |
Welltower Inc | COMMON STOCK | 95040Q104 | 4,756 | 57,753 | SH | | SOLE | 0 | 0 | 0 | 57,753 |