The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
| ||||||||||||||||||||
| 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 |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 | 6,329 | 254,907 | SH | DFND | 01 02 03 | 0 | 254,907 | 0 | |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 342,698 | 5,386,655 | SH | DFND | 01 02 03 | 0 | 5,386,655 | 0 | |
| AMERICAN CAMPUS CMNTYS INC | COM | 024835100 | 30,009 | 931,639 | SH | DFND | 01 02 03 | 0 | 931,639 | 0 | |
| AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 5,541 | 322,904 | SH | DFND | 01 02 03 | 0 | 322,904 | 0 | |
| APARTMENT INVT & MGMT CO | CL A | 03748R101 | 49,107 | 1,895,301 | SH | DFND | 01 02 03 | 0 | 1,895,301 | 0 | |
| AVALONBAY CMNTYS INC | COM | 053484101 | 567,223 | 4,797,632 | SH | DFND | 01 02 03 | 0 | 4,797,632 | 0 | |
| AVIV REIT INC MD | COM | 05381L101 | 5,204 | 219,570 | SH | DFND | 01 02 03 | 0 | 219,570 | 0 | |
| BOSTON PROPERTIES INC | COM | 101121101 | 452,472 | 4,508,043 | SH | DFND | 01 02 03 | 0 | 4,508,043 | 0 | |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 3,742 | 265,561 | SH | DFND | 01 02 03 | 0 | 265,561 | 0 | |
| BRE PROPERTIES INC | CL A | 05564E106 | 24,786 | 453,036 | SH | DFND | 01 02 03 | 0 | 453,036 | 0 | |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 | 101,650 | 5,000,000 | SH | DFND | 01 02 03 | 0 | 5,000,000 | 0 | |
| BROOKFIELD OFFICE PPTYS INC | COM | 112900105 | 13,192 | 685,396 | SH | DFND | 01 02 03 | 0 | 685,396 | 0 | |
| COLE REAL ESTATE INVTS INC | COM | 19329V105 | 3,639 | 259,200 | SH | DFND | 01 02 03 | 0 | 259,200 | 0 | |
| COOPER STD HLDGS INC | COM | 21676P103 | 313 | 6,380 | SH | DFND | 01 02 03 | 0 | 6,380 | 0 | |
| CORESITE RLTY CORP | COM | 21870Q105 | 6,477 | 201,203 | SH | DFND | 01 02 03 | 0 | 201,203 | 0 | |
| CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 215,095 | 9,079,562 | SH | DFND | 01 02 03 | 0 | 9,079,562 | 0 | |
| CUBESMART | COM | 229663109 | 31,289 | 1,962,959 | SH | DFND | 01 02 03 | 0 | 1,962,959 | 0 | |
| DCT INDUSTRIAL TRUST INC | COM | 233153105 | 38,355 | 5,379,272 | SH | DFND | 01 02 03 | 0 | 5,379,272 | 0 | |
| DDR CORP | COM | 23317H102 | 56,972 | 3,706,685 | SH | DFND | 01 02 03 | 0 | 3,706,685 | 0 | |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 15,998 | 1,385,117 | SH | DFND | 01 02 03 | 0 | 1,385,117 | 0 | |
| DIGITAL RLTY TR INC | COM | 253868103 | 199,954 | 4,070,716 | SH | DFND | 01 02 03 | 0 | 4,070,716 | 0 | |
| DOUGLAS EMMETT INC | COM | 25960P109 | 150,597 | 6,466,178 | SH | DFND | 01 02 03 | 0 | 6,466,178 | 0 | |
| DUKE REALTY CORP | COM NEW | 264411505 | 8,536 | 567,547 | SH | DFND | 01 02 03 | 0 | 567,547 | 0 | |
| EMPIRE ST RLTY TR INC | CL A | 292104106 | 4,690 | 306,531 | SH | DFND | 01 02 03 | 0 | 306,531 | 0 | |
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 | 1,120 | 40,000 | SH | DFND | 01 02 03 | 0 | 40,000 | 0 | |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | 20,108 | 555,000 | SH | DFND | 01 02 03 | 0 | 555,000 | 0 | |
| EQUITY ONE | COM | 294752100 | 32,557 | 1,450,860 | SH | DFND | 01 02 03 | 0 | 1,450,860 | 0 | |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 680,233 | 13,114,198 | SH | DFND | 01 02 03 | 0 | 13,114,198 | 0 | |
| ESSEX PPTY TR INC | COM | 297178105 | 32,123 | 223,836 | SH | DFND | 01 02 03 | 0 | 223,836 | 0 | |
| EXCEL TR INC | COM | 30068C109 | 3,005 | 263,834 | SH | DFND | 01 02 03 | 0 | 263,834 | 0 | |
| EXTRA SPACE STORAGE INC | COM | 30225T102 | 36,822 | 874,000 | SH | DFND | 01 02 03 | 0 | 874,000 | 0 | |
| FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 | 21,712 | 214,104 | SH | DFND | 01 02 03 | 0 | 214,104 | 0 | |
| FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 7,259 | 416,000 | SH | DFND | 01 02 03 | 0 | 416,000 | 0 | |
| FOREST CITY ENTERPRISES INC | CL A | 345550107 | 57,572 | 3,014,250 | SH | DFND | 01 02 03 | 0 | 3,014,250 | 0 | |
| FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 4,386 | 367,012 | SH | DFND | 01 02 03 | 0 | 367,012 | 0 | |
| GENERAL GROWTH PPTYS INC NEW | COM | 370023103 | 65,836 | 3,280,332 | SH | DFND | 01 02 03 | 0 | 3,280,332 | 0 | |
| GLIMCHER RLTY TR | SH BEN INT | 379302102 | 16,747 | 1,789,289 | SH | DFND | 01 02 03 | 0 | 1,789,289 | 0 | |
| HCP INC | COM | 40414L109 | 118,156 | 3,253,196 | SH | DFND | 01 02 03 | 0 | 3,253,196 | 0 | |
| HEALTH CARE REIT INC | COM | 42217K106 | 73,054 | 1,363,717 | SH | DFND | 01 02 03 | 0 | 1,363,717 | 0 | |
| HEALTHCARE RLTY TR | COM | 421946104 | 5,132 | 240,836 | SH | DFND | 01 02 03 | 0 | 240,836 | 0 | |
| HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 9,786 | 1,756,916 | SH | DFND | 01 02 03 | 0 | 1,756,916 | 0 | |
| HIGHWOODS PPTYS INC | COM | 431284108 | 5,348 | 147,855 | SH | DFND | 01 02 03 | 0 | 147,855 | 0 | |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A104 | 8,900 | 400,000 | SH | DFND | 01 02 03 | 0 | 400,000 | 0 | |
| HOST HOTELS & RESORTS INC | COM | 44107P104 | 631,110 | 32,464,517 | SH | DFND | 01 02 03 | 0 | 32,464,517 | 0 | |
| KILROY RLTY CORP | COM | 49427F108 | 53,203 | 1,060,242 | SH | DFND | 01 02 03 | 0 | 1,060,242 | 0 | |
| KIMCO RLTY CORP | COM | 49446R109 | 326,486 | 16,530,922 | SH | DFND | 01 02 03 | 0 | 16,530,922 | 0 | |
| KITE RLTY GROUP TR | COM | 49803T102 | 20,950 | 3,188,800 | SH | DFND | 01 02 03 | 0 | 3,188,800 | 0 | |
| LASALLE HOTEL PPTYS | COM SH BEN INT | 517942108 | 3,373 | 109,311 | SH | DFND | 01 02 03 | 0 | 109,311 | 0 | |
| LEXINGTON REALTY TRUST | COM | 529043101 | 9,788 | 958,708 | SH | DFND | 01 02 03 | 0 | 958,708 | 0 | |
| LEXINGTON REALTY TRUST | PFD CONV SER C | 529043309 | 442 | 10,000 | SH | DFND | 01 02 03 | 0 | 10,000 | 0 | |
| LIBERTY PPTY TR | SH BEN INT | 531172104 | 16,173 | 477,493 | SH | DFND | 01 02 03 | 0 | 477,493 | 0 | |
| MACERICH CO | COM | 554382101 | 27,162 | 461,238 | SH | DFND | 01 02 03 | 0 | 461,238 | 0 | |
| MACK CALI RLTY CORP | COM | 554489104 | 7,187 | 334,571 | SH | DFND | 01 02 03 | 0 | 334,571 | 0 | |
| MARRIOTT INTL INC NEW | CL A | 571903202 | 26,238 | 531,553 | SH | DFND | 01 02 03 | 0 | 531,553 | 0 | |
| MID-AMER APT CMNTYS INC | COM | 59522J103 | 57,203 | 941,770 | SH | DFND | 01 02 03 | 0 | 941,770 | 0 | |
| NATIONAL RETAIL PPTYS INC | COM | 637417106 | 33,709 | 1,111,405 | SH | DFND | 01 02 03 | 0 | 1,111,405 | 0 | |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 | 20,673 | 693,715 | SH | DFND | 01 02 03 | 0 | 693,715 | 0 | |
| PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 9,781 | 515,355 | SH | DFND | 01 02 03 | 0 | 515,355 | 0 | |
| PIEDMONT OFFICE REALTY TR IN | COM CL A | 720190206 | 8,132 | 492,256 | SH | DFND | 01 02 03 | 0 | 492,256 | 0 | |
| POST PPTYS INC | COM | 737464107 | 38,325 | 847,348 | SH | DFND | 01 02 03 | 0 | 847,348 | 0 | |
| PROLOGIS INC | COM | 74340W103 | 653,624 | 17,689,428 | SH | DFND | 01 02 03 | 0 | 17,689,428 | 0 | |
| PUBLIC STORAGE | COM | 74460D109 | 591,647 | 3,930,687 | SH | DFND | 01 02 03 | 0 | 3,930,687 | 0 | |
| REALTY INCOME CORP | COM | 756109104 | 37,539 | 1,005,593 | SH | DFND | 01 02 03 | 0 | 1,005,593 | 0 | |
| REGENCY CTRS CORP | COM | 758849103 | 191,206 | 4,129,729 | SH | DFND | 01 02 03 | 0 | 4,129,729 | 0 | |
| RETAIL PPTYS AMER INC | CL A | 76131V202 | 17,894 | 1,406,764 | SH | DFND | 01 02 03 | 0 | 1,406,764 | 0 | |
| RLJ LODGING TR | COM | 74965L101 | 7,624 | 313,500 | SH | DFND | 01 02 03 | 0 | 313,500 | 0 | |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 | 38,027 | 1,454,750 | SH | DFND | 01 02 03 | 0 | 1,454,750 | 0 | |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | 990,584 | 6,510,140 | SH | DFND | 01 02 03 | 0 | 6,510,140 | 0 | |
| SL GREEN RLTY CORP | COM | 78440X101 | 30,872 | 334,192 | SH | DFND | 01 02 03 | 0 | 334,192 | 0 | |
| SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 40,320 | 4,101,804 | SH | DFND | 01 02 03 | 0 | 4,101,804 | 0 | |
| STAG INDL INC | COM | 85254J102 | 10,838 | 531,544 | SH | DFND | 01 02 03 | 0 | 531,544 | 0 | |
| STARWOOD HOTELS&RESORTS WRLD | COM | 85590A401 | 4,964 | 62,474 | SH | DFND | 01 02 03 | 0 | 62,474 | 0 | |
| STRATEGIC HOTELS & RESORTS I | COM | 86272T106 | 4,204 | 444,895 | SH | DFND | 01 02 03 | 0 | 444,895 | 0 | |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 36,455 | 2,720,537 | SH | DFND | 01 02 03 | 0 | 2,720,537 | 0 | |
| TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 219,743 | 6,862,694 | SH | DFND | 01 02 03 | 0 | 6,862,694 | 0 | |
| TAUBMAN CTRS INC | COM | 876664103 | 24,672 | 385,976 | SH | DFND | 01 02 03 | 0 | 385,976 | 0 | |
| TERRENO RLTY CORP | COM | 88146M101 | 8,780 | 496,061 | SH | DFND | 01 02 03 | 0 | 496,061 | 0 | |
| UDR INC | COM | 902653104 | 607 | 26,000 | SH | DFND | 01 02 03 | 0 | 26,000 | 0 | |
| VENTAS INC | COM | 92276F100 | 565,332 | 9,869,635 | SH | DFND | 01 02 03 | 0 | 9,869,635 | 0 | |
| VORNADO RLTY TR | SH BEN INT | 929042109 | 612,850 | 6,902,249 | SH | DFND | 01 02 03 | 0 | 6,902,249 | 0 | |
| W P CAREY INC | COM | 92936U109 | 3,681 | 60,000 | SH | DFND | 01 02 03 | 0 | 60,000 | 0 | |