Timbercreek Investment Management 13F-HR Quarterly holdings report by institutional manager

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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AMERICAN CAMPUS CMNTYS INC	COM	024835100	12,299	298,800	SH		SOLE		12,299	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	13,520	93,050	SH		SOLE		13,520	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	5,673	300,649	SH		SOLE		5,673	0	0
AVALONBAY CMNTYS INC	COM	053484101	22,468	124,029	SH		SOLE		22,468	0	0
BANK MONTREAL QUE	COM	063671101	9,391	113,778	SH		SOLE		9,391	0	0
BANK N S HALIFAX	COM	064149107	7,484	125,477	SH		SOLE		7,484	0	0
BOSTON PROPERTIES INC	COM	101121101	11,476	93,230	SH		SOLE		11,476	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	13,411	765,910	SH		SOLE		13,411	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	6,453	68,964	SH		SOLE		6,453	0	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	8,447	90,086	SH		SOLE		8,447	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	2,901	90,445	SH		SOLE		2,901	0	0
COLONY CAP INC NEW	CL A COM	19626G108	7,824	1,284,726	SH		SOLE		7,824	0	0
COLUMBIA PPTY TR INC	COM NEW	198287203	9,902	418,851	SH		SOLE		9,902	0	0
EQUINIX INC	COM PAR $0.001	29444U700	14,069	32,500	SH		SOLE		14,069	0	0
ESSEX PPTY TR INC	COM	297178105	10,321	41,834	SH		SOLE		10,321	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	10,016	115,600	SH		SOLE		10,016	0	0
GRANITE PT MTG TR INC	COM	38741L107	8,899	461,587	SH		SOLE		8,899	0	0
HCP INC	COM	40414L109	21,398	813,010	SH		SOLE		21,398	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	8,454	317,000	SH		SOLE		8,454	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A203	14,080	174,299	SH		SOLE		14,080	0	0
HUDSON PAC PPTYS INC	COM	444097109	15,418	471,200	SH		SOLE		15,418	0	0
INVITATION HOMES INC	COM	46187W107	14,798	645,912	SH		SOLE		14,798	0	0
KIMCO RLTY CORP	COM	49446R109	4,644	277,407	SH		SOLE		4,644	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	5,384	323,361	SH		SOLE		5,384	0	0
MANULIFE FINL CORP	COM	56501R106	3,906	218,333	SH		SOLE		3,906	0	0
MFA FINL INC	COM	55272X102	5,549	755,018	SH		SOLE		5,549	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	4,631	157,046	SH		SOLE		4,631	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	7,019	193,000	SH		SOLE		7,019	0	0
PROLOGIS INC	COM	74340W103	12,958	191,149	SH		SOLE		12,958	0	0
QTS RLTY TR INC	COM CL A	74736A103	1,537	36,015	SH		SOLE		1,537	0	0
REGENCY CTRS CORP	COM	758849103	13,714	212,068	SH		SOLE		13,714	0	0
REXFORD INDL RLTY INC	COM	76169C100	7,421	232,200	SH		SOLE		7,421	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	9,629	120,040	SH		SOLE		9,629	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,526	109,237	SH		SOLE		2,526	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	9,985	56,495	SH		SOLE		9,985	0	0
SL GREEN RLTY CORP	COM	78440X101	10,550	108,170	SH		SOLE		10,550	0	0
STAG INDL INC	COM	85254J102	3,550	129,076	SH		SOLE		3,550	0	0
STARWOOD PPTY TR INC	COM	85571B105	9,462	439,689	SH		SOLE		9,462	0	0
SUN LIFE FINL INC	COM	866796105	4,763	119,734	SH		SOLE		4,763	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	17,190	282,699	SH		SOLE		17,190	0	0
TPG RE FIN TR INC	COM	87266M107	8,543	426,723	SH		SOLE		8,543	0	0
VENTAS INC	COM	92276F100	4,497	82,700	SH		SOLE		4,497	0	0
VEREIT INC	COM	92339V100	4,784	658,900	SH		SOLE		4,784	0	0
VICI PPTYS INC	COM	925652109	16,785	776,378	SH		SOLE		16,785	0	0