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 |
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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 |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 | 43,045 | 1,431,500 | SH | DFND | 01 02 03 | 0 | 1,431,500 | 0 | |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 458,345 | 5,413,306 | SH | DFND | 01 02 03 | 0 | 5,413,306 | 0 | |
| AMERICAN CAMPUS CMNTYS INC | COM | 024835100 | 24,100 | 665,000 | SH | DFND | 01 02 03 | 0 | 665,000 | 0 | |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 | 22,825 | 1,419,463 | SH | DFND | 01 02 03 | 0 | 1,419,463 | 0 | |
| APARTMENT INVT & MGMT CO | CL A | 03748R101 | 62,971 | 1,701,000 | SH | DFND | 01 02 03 | 0 | 1,701,000 | 0 | |
| AVALONBAY CMNTYS INC | COM | 053484101 | 835,324 | 4,778,197 | SH | DFND | 01 02 03 | 0 | 4,778,197 | 0 | |
| BOSTON PROPERTIES INC | COM | 101121101 | 537,281 | 4,537,842 | SH | DFND | 01 02 03 | 0 | 4,537,842 | 0 | |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 | 361,717 | 15,405,322 | SH | DFND | 01 02 03 | 0 | 15,405,322 | 0 | |
| CARE CAP PPTYS INC | COM | 141624106 | 90,262 | 2,741,015 | SH | DFND | 01 02 03 | 0 | 2,741,015 | 0 | |
| CHAMBERS STR PPTYS | COM | 157842105 | 22,903 | 3,529,000 | SH | DFND | 01 02 03 | 0 | 3,529,000 | 0 | |
| CHATHAM LODGING TR | COM | 16208T102 | 4,081 | 190,000 | SH | DFND | 01 02 03 | 0 | 190,000 | 0 | |
| COLUMBIA PPTY TR INC | COM NEW | 198287203 | 23,458 | 1,011,100 | SH | DFND | 01 02 03 | 0 | 1,011,100 | 0 | |
| CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 81,950 | 3,896,797 | SH | DFND | 01 02 03 | 0 | 3,896,797 | 0 | |
| CUBESMART | COM | 229663109 | 23,537 | 865,000 | SH | DFND | 01 02 03 | 0 | 865,000 | 0 | |
| CYRUSONE INC | COM | 23283R100 | 23,306 | 713,587 | SH | DFND | 01 02 03 | 0 | 713,587 | 0 | |
| DCT INDUSTRIAL TRUST INC | COM NEW | 233153204 | 70,329 | 2,089,400 | SH | DFND | 01 02 03 | 0 | 2,089,400 | 0 | |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 35,443 | 3,207,500 | SH | DFND | 01 02 03 | 0 | 3,207,500 | 0 | |
| DIGITAL RLTY TR INC | COM | 253868103 | 271,789 | 4,160,896 | SH | DFND | 01 02 03 | 0 | 4,160,896 | 0 | |
| DUKE REALTY CORP | COM NEW | 264411505 | 53,270 | 2,796,300 | SH | DFND | 01 02 03 | 0 | 2,796,300 | 0 | |
| EASTGROUP PPTY INC | COM | 277276101 | 15,062 | 278,000 | SH | DFND | 01 02 03 | 0 | 278,000 | 0 | |
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 | 1,229 | 40,000 | SH | DFND | 01 02 03 | 0 | 40,000 | 0 | |
| EQUITY COMWLTH | COM SH BEN INT | 294628102 | 34,813 | 1,278,000 | SH | DFND | 01 02 03 | 0 | 1,278,000 | 0 | |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | 37,719 | 644,000 | SH | DFND | 01 02 03 | 0 | 644,000 | 0 | |
| EQUITY ONE | COM | 294752100 | 47,913 | 1,968,500 | SH | DFND | 01 02 03 | 0 | 1,968,500 | 0 | |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 894,453 | 11,906,988 | SH | DFND | 01 02 03 | 0 | 11,906,988 | 0 | |
| ESSEX PPTY TR INC | COM | 297178105 | 73,394 | 328,501 | SH | DFND | 01 02 03 | 0 | 328,501 | 0 | |
| EXTRA SPACE STORAGE INC | COM | 30225T102 | 89,891 | 1,165,000 | SH | DFND | 01 02 03 | 0 | 1,165,000 | 0 | |
| FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 | 24,083 | 176,500 | SH | DFND | 01 02 03 | 0 | 176,500 | 0 | |
| FELCOR LODGING TR INC | COM | 31430F101 | 5,656 | 800,000 | SH | DFND | 01 02 03 | 0 | 800,000 | 0 | |
| FOREST CITY ENTERPRISES INC | CL A | 345550107 | 26,592 | 1,321,000 | SH | DFND | 01 02 03 | 0 | 1,321,000 | 0 | |
| GENERAL GROWTH PPTYS INC NEW | COM | 370023103 | 132,538 | 5,103,500 | SH | DFND | 01 02 03 | 0 | 5,103,500 | 0 | |
| HCP INC | COM | 40414L109 | 64,014 | 1,718,500 | SH | DFND | 01 02 03 | 0 | 1,718,500 | 0 | |
| HEALTHCARE TR AMER INC | CL A NEW | 42225P501 | 26,875 | 1,096,500 | SH | DFND | 01 02 03 | 0 | 1,096,500 | 0 | |
| HIGHWOODS PPTYS INC | COM | 431284108 | 39,002 | 1,006,500 | SH | DFND | 01 02 03 | 0 | 1,006,500 | 0 | |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A104 | 35,073 | 1,528,904 | SH | DFND | 01 02 03 | 0 | 1,528,904 | 0 | |
| HOSPITALITY PPTYS TR | COM SH BEN INT | 44106M102 | 11,852 | 463,343 | SH | DFND | 01 02 03 | 0 | 463,343 | 0 | |
| HOST HOTELS & RESORTS INC | COM | 44107P104 | 493,747 | 31,230,044 | SH | DFND | 01 02 03 | 0 | 31,230,044 | 0 | |
| HUDSON PAC PPTYS INC | COM | 444097109 | 16,050 | 557,500 | SH | DFND | 01 02 03 | 0 | 557,500 | 0 | |
| KILROY RLTY CORP | COM | 49427F108 | 67,604 | 1,037,500 | SH | DFND | 01 02 03 | 0 | 1,037,500 | 0 | |
| KIMCO RLTY CORP | COM | 49446R109 | 305,365 | 12,499,600 | SH | DFND | 01 02 03 | 0 | 12,499,600 | 0 | |
| KITE RLTY GROUP TR | COM NEW | 49803T300 | 33,946 | 1,425,720 | SH | DFND | 01 02 03 | 0 | 1,425,720 | 0 | |
| LASALLE HOTEL PPTYS | COM SH BEN INT | 517942108 | 32,152 | 1,132,500 | SH | DFND | 01 02 03 | 0 | 1,132,500 | 0 | |
| LEXINGTON REALTY TRUST | PFD CONV SER C | 529043309 | 473 | 10,000 | SH | DFND | 01 02 03 | 0 | 10,000 | 0 | |
| MACERICH CO | COM | 554382101 | 44,556 | 580,000 | SH | DFND | 01 02 03 | 0 | 580,000 | 0 | |
| MACK CALI RLTY CORP | COM | 554489104 | 8,713 | 461,500 | SH | DFND | 01 02 03 | 0 | 461,500 | 0 | |
| MID-AMER APT CMNTYS INC | COM | 59522J103 | 61,198 | 747,500 | SH | DFND | 01 02 03 | 0 | 747,500 | 0 | |
| NATIONAL RETAIL PPTYS INC | COM | 637417106 | 57,506 | 1,585,500 | SH | DFND | 01 02 03 | 0 | 1,585,500 | 0 | |
| NEW YORK REIT INC | COM | 64976L109 | 29,426 | 2,925,000 | SH | DFND | 01 02 03 | 0 | 2,925,000 | 0 | |
| PARKWAY PPTYS INC | COM | 70159Q104 | 6,800 | 437,000 | SH | DFND | 01 02 03 | 0 | 437,000 | 0 | |
| PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 10,192 | 513,964 | SH | DFND | 01 02 03 | 0 | 513,964 | 0 | |
| PHYSICIANS RLTY TR | COM | 71943U104 | 22,770 | 1,508,949 | SH | DFND | 01 02 03 | 0 | 1,508,949 | 0 | |
| POST PPTYS INC | COM | 737464107 | 251,236 | 4,310,093 | SH | DFND | 01 02 03 | 0 | 4,310,093 | 0 | |
| PROLOGIS INC | COM | 74340W103 | 662,063 | 17,019,619 | SH | DFND | 01 02 03 | 0 | 17,019,619 | 0 | |
| PUBLIC STORAGE | COM | 74460D109 | 876,078 | 4,139,667 | SH | DFND | 01 02 03 | 0 | 4,139,667 | 0 | |
| QTS RLTY TR INC | COM CL A | 74736A103 | 23,186 | 530,704 | SH | DFND | 01 02 03 | 0 | 530,704 | 0 | |
| REALTY INCOME CORP | COM | 756109104 | 36,551 | 771,291 | SH | DFND | 01 02 03 | 0 | 771,291 | 0 | |
| REGENCY CTRS CORP | COM | 758849103 | 310,564 | 4,997,000 | SH | DFND | 01 02 03 | 0 | 4,997,000 | 0 | |
| RETAIL PPTYS AMER INC | CL A | 76131V202 | 29,702 | 2,108,000 | SH | DFND | 01 02 03 | 0 | 2,108,000 | 0 | |
| RLJ LODGING TR | COM | 74965L101 | 47,988 | 1,899,000 | SH | DFND | 01 02 03 | 0 | 1,899,000 | 0 | |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 | 43,326 | 1,869,126 | SH | DFND | 01 02 03 | 0 | 1,869,126 | 0 | |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | 1,191,533 | 6,485,590 | SH | DFND | 01 02 03 | 0 | 6,485,590 | 0 | |
| SL GREEN RLTY CORP | COM | 78440X101 | 14,602 | 135,000 | SH | DFND | 01 02 03 | 0 | 135,000 | 0 | |
| SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 51,275 | 5,610,000 | SH | DFND | 01 02 03 | 0 | 5,610,000 | 0 | |
| STAG INDL INC | COM | 85254J102 | 16,398 | 900,500 | SH | DFND | 01 02 03 | 0 | 900,500 | 0 | |
| STORE CAP CORP | COM | 862121100 | 19,916 | 964,000 | SH | DFND | 01 02 03 | 0 | 964,000 | 0 | |
| STRATEGIC HOTELS & RESORTS I | COM | 86272T106 | 54,090 | 3,922,400 | SH | DFND | 01 02 03 | 0 | 3,922,400 | 0 | |
| SUN CMNTYS INC | COM | 866674104 | 41,969 | 619,373 | SH | DFND | 01 02 03 | 0 | 619,373 | 0 | |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 43,183 | 3,264,000 | SH | DFND | 01 02 03 | 0 | 3,264,000 | 0 | |
| TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 218,727 | 6,634,129 | SH | DFND | 01 02 03 | 0 | 6,634,129 | 0 | |
| TAUBMAN CTRS INC | COM | 876664103 | 23,833 | 345,000 | SH | DFND | 01 02 03 | 0 | 345,000 | 0 | |
| TERRENO RLTY CORP | COM | 88146M101 | 43,336 | 2,206,500 | SH | DFND | 01 02 03 | 0 | 2,206,500 | 0 | |
| UDR INC | COM | 902653104 | 71,488 | 2,073,330 | SH | DFND | 01 02 03 | 0 | 2,073,330 | 0 | |
| URBAN EDGE PPTYS | COM | 91704F104 | 60,856 | 2,818,704 | SH | DFND | 01 02 03 | 0 | 2,818,704 | 0 | |
| VENTAS INC | COM | 92276F100 | 562,716 | 10,037,746 | SH | DFND | 01 02 03 | 0 | 10,037,746 | 0 | |
| VORNADO RLTY TR | SH BEN INT | 929042109 | 616,384 | 6,816,907 | SH | DFND | 01 02 03 | 0 | 6,816,907 | 0 | |
| WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 18,299 | 734,000 | SH | DFND | 01 02 03 | 0 | 734,000 | 0 | |
| WEINGARTEN RLTY INVS | SH BEN INT | 948741103 | 20,570 | 621,250 | SH | DFND | 01 02 03 | 0 | 621,250 | 0 | |
| WELLTOWER INC | COM | 95040Q104 | 128,871 | 1,903,000 | SH | DFND | 01 02 03 | 0 | 1,903,000 | 0 | |