Centersquare 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
Expires:	Oct 31, 2018
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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 Realty Trust	COM	004239109	1,430	110,180	SH		DFND	1	0	0	110,180
Agree Realty Corp	COM	008492100	5,742	87,380	SH		DFND	1	19,280	0	68,100
Alexandria Real Estate Equities	COM	015271109	52,311	322,408	SH		DFND	1	154,118	0	168,290
ALLIANT ENERGY CORP	COM	018802108	44	910	SH		DFND	1	910	0	0
AMEREN CORPORATION	COM	023608102	17	235	SH		DFND	1	235	0	0
American Assets Trust	COM	024013104	2,650	95,173	SH		DFND	1	43	0	95,130
American Campus Communities	COM	024835100	31,905	912,619	SH		DFND	1	480,200	0	432,419
AMERICAN ELECTRIC POWER	COM	025537101	39	490	SH		DFND	1	490	0	0
American Finance Trust Inc	COM	02607T109	9	1,193	SH		DFND	1	1,193	0	0
American Homes 4 Rent	COM	02665T306	51,363	1,909,410	SH		DFND	1	1,178,650	0	730,760
American Tower Corp	COM	03027X100	178,038	688,628	SH		DFND	1	467,258	0	221,370
AMERICAN WATER WORKS CO INC	COM	030420103	52	405	SH		DFND	1	405	0	0
Americold Realty Trust	COM	03064D108	111,930	3,083,474	SH		DFND	1	2,294,994	0	788,480
Apartment Investment and Management Co	COM	03748R754	61,563	1,635,585	SH		DFND	1	948,300	0	687,285
Apple Hospitality REIT Inc	COM	03784Y200	33,615	3,479,777	SH		DFND	1	2,460,752	0	1,019,025
Armada Hoffler Properties	COM	04208T108	651	65,400	SH		DFND	1	0	0	65,400
Avalon Bay Communities	COM	053484101	131,696	851,627	SH		DFND	1	485,833	0	365,794
BLACK HILLS CORP	COM	092113109	11	190	SH		DFND	1	190	0	0
Boston Properties	COM	101121101	145,647	1,611,497	SH		DFND	1	984,483	0	627,014
Brandywine Realty Trust	COM	105368203	2,460	225,933	SH		DFND	1	283	0	225,650
Brixmor Property Group Inc	COM	11120U105	63,267	4,935,000	SH		DFND	1	3,020,690	0	1,914,310
CMS ENERGY CORP	COM	125896100	43	740	SH		DFND	1	740	0	0
Camden Property Trust	COM	133131102	10,879	119,264	SH		DFND	1	84	0	119,180
CareTrust REIT Inc	COM	14174T107	0	17	SH		DFND	1	17	0	0
CENTERPOINT ENERGY	COM	15189T107	16	860	SH		DFND	1	860	0	0
Columbia Property Trust	COM	198287203	29,647	2,256,257	SH		DFND	1	1,422,975	0	833,282
Coresite Realty Corp	COM	21870Q105	3,895	32,172	SH		DFND	1	32,172	0	0
Corporate Office Properties Trust	COM	22002T108	8,909	351,570	SH		DFND	1	209,150	0	142,420
Cousins Properties Inc	COM	222795502	70,975	2,379,329	SH		DFND	1	1,567,247	0	812,082
Crown Castle Intl Corp	COM	22822V101	39,152	233,950	SH		DFND	1	156,930	0	77,020
Cubesmart	COM	229663109	115,801	4,290,500	SH		DFND	1	2,630,808	0	1,659,692
CyrusOne	COM	23283R100	71,820	987,217	SH		DFND	1	730,596	0	256,621
DTE ENERGY COMPANY	COM	233331107	35	330	SH		DFND	1	330	0	0
DiamondRock Hospitality Co	COM	252784301	12,555	2,270,264	SH		DFND	1	1,534,790	0	735,474
Digital Realty Trust Inc	COM	253868103	258,135	1,816,447	SH		DFND	1	1,106,307	0	710,140
Diversified Healthcare Trust	COM	25525P107	6,333	1,431,270	SH		DFND	1	917,950	0	513,320
DOMINION ENERGY INC	COM	25746U109	75	925	SH		DFND	1	925	0	0
Douglas Emmett Inc	COM	25960P109	33,908	1,105,933	SH		DFND	1	578,787	0	527,146
Duke Realty Investments Inc	COM	264411505	100,012	2,826,003	SH		DFND	1	1,759,853	0	1,066,150
DUKE ENERGY CORP	COM	26441C204	77	970	SH		DFND	1	970	0	0
EDISON INTERNATIONAL	COM	281020107	48	880	SH		DFND	1	880	0	0
Empire State Realty Trust	COM	292104106	34,178	4,882,636	SH		DFND	1	3,101,826	0	1,780,810
ENTERGY CORP	COM	29364G103	55	590	SH		DFND	1	590	0	0
Equinix Inc	COM	29444U700	371,128	528,446	SH		DFND	1	415,418	0	113,028
Equity Lifestyle Properties	COM	29472R108	26,888	430,340	SH		DFND	1	135,990	0	294,350
Equity Residential Properties Trust	COM	29476L107	232,349	3,950,164	SH		DFND	1	2,476,664	0	1,473,500
ESSENTIAL UTILITIES INC	COM	29670G102	14	340	SH		DFND	1	340	0	0
Essex Property Trust Inc	COM	297178105	21,613	94,310	SH		DFND	1	90	0	94,220
EVERGY INC	COM	30034W106	40	670	SH		DFND	1	670	0	0
EVERSOURCE ENERGY	COM	30040W108	73	872	SH		DFND	1	872	0	0
Extra Space Storage Inc	COM	30225T102	105,901	1,146,488	SH		DFND	1	741,851	0	404,637
Federal Realty Investment Trust	COM	313747206	9,691	113,728	SH		DFND	1	27	0	113,701
First Industrial Realty Trust	COM	32054K103	8,192	213,117	SH		DFND	1	219	0	212,898
FIRSTENERGY CORP	COM	337932107	66	1,710	SH		DFND	1	1,710	0	0
Four Corners Property Trust	COM	35086T109	1	53	SH		DFND	1	53	0	0
GDS Holdings Ltd - ADR	ADR	36165L108	5,497	69,000	SH		DFND	1	69,000	0	0
Gaming and Leisure Properties Inc	COM	36467J108	21,681	626,610	SH		DFND	1	505,610	0	121,000
Healthcare Realty Trust	COM	421946104	4,951	169,040	SH		DFND	1	40	0	169,000
Healthcare Trust of America	COM	42225P501	51,130	1,927,991	SH		DFND	1	1,158,452	0	769,539
Healthpeak Properties Inc	COM	42250P103	227,491	8,254,379	SH		DFND	1	5,352,009	0	2,902,370
Highwoods Properties Inc	COM	431284108	4,884	130,831	SH		DFND	1	31	0	130,800
Host Hotels & Resorts Inc	COM	44107P104	80,749	7,483,695	SH		DFND	1	5,193,514	0	2,290,181
Hudson Pacific Properties	COM	444097109	9,033	359,029	SH		DFND	1	163,949	0	195,080
IDACORP INC	COM	451107106	7	80	SH		DFND	1	80	0	0
Independence Realty Trust Inc	COM	45378A106	10	887	SH		DFND	1	887	0	0
Industrial Logistics Properties Trust	COM	456237106	10	472	SH		DFND	1	472	0	0
Invitation Homes Inc	COM	46187W107	273,424	9,931,856	SH		DFND	1	6,500,478	0	3,431,378
Iron Mountain Inc	COM	46284V101	60,026	2,299,856	SH		DFND	1	1,735,555	0	564,301
JBG Smith Properties	COM	46590V100	117,510	3,973,957	SH		DFND	1	2,734,886	0	1,239,071
Kilroy Realty Corporation	COM	49427F108	78,663	1,340,085	SH		DFND	1	863,471	0	476,614
Kimco Realty Corp	COM	49446R109	2	176	SH		DFND	1	176	0	0
KINDER MORGAN INC	COM	49456B101	60	3,930	SH		DFND	1	3,930	0	0
Kite Realty Group Trust	COM	49803T300	1,262	109,400	SH		DFND	1	0	0	109,400
Life Storage Inc	COM	53223X107	72,048	758,804	SH		DFND	1	456,141	0	302,663
Macerich Company	COM	554382101	0	7	SH		DFND	1	7	0	0
Mack Cali Realty Corporation	COM	554489104	1	70	SH		DFND	1	70	0	0
Medical Properties Trust Inc	COM	58463J304	73,426	3,905,650	SH		DFND	1	2,676,070	0	1,229,580
Mid-America Apartment Communities Inc	COM	59522J103	142,895	1,246,145	SH		DFND	1	767,055	0	479,090
National Retail Properties	COM	637417106	5,926	167,019	SH		DFND	1	99	0	166,920
National Storage Affiliates Trust	COM	637870106	2,174	75,838	SH		DFND	1	38	0	75,800
NEXTERA ENERGY INC	COM	65339F101	4,032	16,788	SH		DFND	1	16,788	0	0
NexPoint Residential Trust Inc	COM	65341D102	1	33	SH		DFND	1	33	0	0
NISOURCE INC	COM	65473P105	35	1,520	SH		DFND	1	1,520	0	0
NORFOLK SOUTHERN CORP	COM	655844108	56	320	SH		DFND	1	320	0	0
Office Properties Income Trust	COM	67623C109	1	42	SH		DFND	1	42	0	0
P G & E CORP	COM	69331C108	7	810	SH		DFND	1	810	0	0
PNM RESOURCES INC	COM	69349H107	15	400	SH		DFND	1	400	0	0
PPL CORPORATION	COM	69351T106	15	570	SH		DFND	1	570	0	0
PS Business Parks Inc/CA	COM	69360J107	4,678	35,330	SH		DFND	1	9,530	0	25,800
Paramount Group Inc	COM	69924R108	11	1,452	SH		DFND	1	1,452	0	0
Park Hotels & Resorts Inc	COM	700517105	295	29,874	SH		DFND	1	29,154	0	720
Physicians Realty Trust	COM	71943U104	4,532	258,700	SH		DFND	1	0	0	258,700
Piedmont Office Realty Trust Inc	COM	720190206	2,703	162,718	SH		DFND	1	68	0	162,650
PINNACLE WEST CAPITAL	COM	723484101	19	260	SH		DFND	1	260	0	0
Prologis Trust	COM	74340W103	483,570	5,181,291	SH		DFND	1	3,062,939	0	2,118,352
PUBLIC SERVICE ENTERPRISE GP	COM	744573106	30	610	SH		DFND	1	610	0	0
Public Storage Inc	COM	74460D109	54,066	281,757	SH		DFND	1	85,663	0	196,094
QTS Realty Trust	COM	74736A103	11,448	178,630	SH		DFND	1	57,030	0	121,600
RPT Realty	COM	74971D101	5	713	SH		DFND	1	713	0	0
Realty Income Corp	COM	756109104	148,000	2,487,402	SH		DFND	1	1,619,792	0	867,610
Regency Centers Corp	COM	758849103	48,380	1,054,250	SH		DFND	1	550,220	0	504,030
Retail Opportunity Investments Corp	COM	76131N101	53,281	4,702,609	SH		DFND	1	3,646,332	0	1,056,277
Retail Properties of America	COM	76131V202	88,869	12,140,621	SH		DFND	1	8,257,241	0	3,883,380
Rexford Industrial Realty	COM	76169C100	60,001	1,448,260	SH		DFND	1	924,426	0	523,834
Ryman Hospitality Properties	COM	78377T107	29,476	851,901	SH		DFND	1	600,091	0	251,810
SBA Communications Corp	COM	78410G104	174,735	586,515	SH		DFND	1	428,158	0	158,357
SL Green Realty Corp	COM	78440X101	26,359	534,780	SH		DFND	1	360,360	0	174,420
Sabra Health Care REIT Inc	COM	78573L106	53,281	3,692,374	SH		DFND	1	2,573,114	0	1,119,260
SEMPRA ENERGY	COM	816851109	56	480	SH		DFND	1	480	0	0
Simon Property Group Inc	COM	828806109	72,767	1,064,159	SH		DFND	1	549,239	0	514,920
SITE Centers Corp	COM	82981J109	8	1,038	SH		DFND	1	1,038	0	0
SOUTHERN CO/THE	COM	842587107	116	2,230	SH		DFND	1	2,230	0	0
Spirit Realty Capital	COM	84860W300	3,601	103,307	SH		DFND	1	407	0	102,900
STAG Industrial	COM	85254J102	84,519	2,882,645	SH		DFND	1	1,853,425	0	1,029,220
Store Capital Corp	COM	862121100	58,645	2,463,057	SH		DFND	1	1,665,807	0	797,250
Sun Communities Inc	COM	866674104	127,174	937,312	SH		DFND	1	579,751	0	357,561
Sunstone Hotel Investors Inc	COM	867892101	111	13,586	SH		DFND	1	13,586	0	0
TARGA RESOURCES CORP	COM	87612G101	26	1,320	SH		DFND	1	1,320	0	0
Terreno Realty Corp	COM	88146M101	7,676	145,822	SH		DFND	1	61,522	0	84,300
UDR Inc	COM	902653104	136,766	3,658,802	SH		DFND	1	2,390,372	0	1,268,430
UNION PACIFIC CORP	COM	907818108	115	679	SH		DFND	1	679	0	0
Urban Edge Properties	COM	91704F104	33,859	2,852,495	SH		DFND	1	1,937,817	0	914,678
Ventas Inc	COM	92276F100	146,504	4,000,659	SH		DFND	1	2,437,641	0	1,563,018
VEREIT Inc	COM	92339V100	123,457	19,200,133	SH		DFND	1	12,826,660	0	6,373,473
VICI Properties Inc	COM	925652109	12	588	SH		DFND	1	588	0	0
Vornado Realty Trust	COM	929042109	8,521	222,998	SH		DFND	1	98	0	222,900
WP Carey Inc	COM	92936U109	109,301	1,615,687	SH		DFND	1	932,106	0	683,581
WEC ENERGY	COM	92939U106	25	280	SH		DFND	1	280	0	0
Washington REIT	COM	939653101	2,270	102,252	SH		DFND	1	52	0	102,200
Weingarten Realty Investment Trust	COM	948741103	2,958	156,264	SH		DFND	1	64	0	156,200
Welltower Inc	COM	95040Q104	120,932	2,336,850	SH		DFND	1	1,273,804	0	1,063,046
Weyerhauser Co	COM	962166104	33	1,450	SH		DFND	1	1,450	0	0
WILLIAMS COS INC	COM	969457100	66	3,460	SH		DFND	1	3,460	0	0
Xenia Hotels & Resorts Inc	COM	984017103	10,041	1,076,179	SH		DFND	1	733,514	0	342,665
Alexandria Real Estate Equities	COM	015271109	7,434	45,820	SH		DFND	2	45,820	0	0
American Campus Communities	COM	024835100	1,800	51,490	SH		DFND	2	51,490	0	0
American Homes 4 Rent	COM	02665T306	4,526	168,250	SH		DFND	2	168,250	0	0
American Tower Corp	COM	03027X100	8,403	32,500	SH		DFND	2	32,500	0	0
Americold Realty Trust	COM	03064D108	5,958	164,130	SH		DFND	2	164,130	0	0
Apple Hospitality REIT Inc	COM	03784Y200	2,218	229,590	SH		DFND	2	229,590	0	0
Avalon Bay Communities	COM	053484101	10,004	64,690	SH		DFND	2	64,690	0	0
Boston Properties	COM	101121101	7,406	81,940	SH		DFND	2	81,940	0	0
Brixmor Property Group Inc	COM	11120U105	3,986	310,900	SH		DFND	2	310,900	0	0
Columbia Property Trust	COM	198287203	1,553	118,170	SH		DFND	2	118,170	0	0
Corporate Office Properties Trust	COM	22002T108	1,302	51,370	SH		DFND	2	51,370	0	0
Cousins Properties Inc	COM	222795502	4,539	152,160	SH		DFND	2	152,160	0	0
Cubesmart	COM	229663109	8,280	306,770	SH		DFND	2	306,770	0	0
CyrusOne	COM	23283R100	5,176	71,150	SH		DFND	2	71,150	0	0
DiamondRock Hospitality Co	COM	252784301	1,191	215,430	SH		DFND	2	215,430	0	0
Digital Realty Trust Inc	COM	253868103	13,884	97,700	SH		DFND	2	97,700	0	0
Douglas Emmett Inc	COM	25960P109	2,493	81,310	SH		DFND	2	81,310	0	0
Duke Realty Investments Inc	COM	264411505	4,794	135,470	SH		DFND	2	135,470	0	0
Empire State Realty Trust	COM	292104106	1,680	239,990	SH		DFND	2	239,990	0	0
Equinix Inc	COM	29444U700	24,096	34,310	SH		DFND	2	34,310	0	0
Equity Residential Properties Trust	COM	29476L107	12,618	214,520	SH		DFND	2	214,520	0	0
Extra Space Storage Inc	COM	30225T102	8,389	90,820	SH		DFND	2	90,820	0	0
Gaming and Leisure Properties Inc	COM	36467J108	2,307	66,690	SH		DFND	2	66,690	0	0
Healthcare Trust of America	COM	42225P501	5,526	208,380	SH		DFND	2	208,380	0	0
Healthpeak Properties Inc	COM	42250P103	12,099	439,010	SH		DFND	2	439,010	0	0
Host Hotels & Resorts Inc	COM	44107P104	4,872	451,520	SH		DFND	2	451,520	0	0
Invitation Homes Inc	COM	46187W107	14,919	541,930	SH		DFND	2	541,930	0	0
Iron Mountain Inc	COM	46284V101	2,685	102,880	SH		DFND	2	102,880	0	0
JBG Smith Properties	COM	46590V100	6,481	219,180	SH		DFND	2	219,180	0	0
Kilroy Realty Corporation	COM	49427F108	4,104	69,910	SH		DFND	2	69,910	0	0
Life Storage Inc	COM	53223X107	1,852	19,500	SH		DFND	2	19,500	0	0
Medical Properties Trust Inc	COM	58463J304	5,799	308,440	SH		DFND	2	308,440	0	0
Mid-America Apartment Communities Inc	COM	59522J103	8,150	71,070	SH		DFND	2	71,070	0	0
Park Hotels & Resorts Inc	COM	700517105	1,737	175,620	SH		DFND	2	175,620	0	0
Prologis Trust	COM	74340W103	23,822	255,240	SH		DFND	2	255,240	0	0
Realty Income Corp	COM	756109104	8,439	141,840	SH		DFND	2	141,840	0	0
Regency Centers Corp	COM	758849103	4,130	90,000	SH		DFND	2	90,000	0	0
Retail Opportunity Investments Corp	COM	76131N101	3,560	314,200	SH		DFND	2	314,200	0	0
Retail Properties of America	COM	76131V202	3,954	540,100	SH		DFND	2	540,100	0	0
Rexford Industrial Realty	COM	76169C100	2,989	72,140	SH		DFND	2	72,140	0	0
SBA Communications Corp	COM	78410G104	8,094	27,170	SH		DFND	2	27,170	0	0
SL Green Realty Corp	COM	78440X101	1,359	27,580	SH		DFND	2	27,580	0	0
Sabra Health Care REIT Inc	COM	78573L106	3,149	218,250	SH		DFND	2	218,250	0	0
STAG Industrial	COM	85254J102	6,274	214,000	SH		DFND	2	214,000	0	0
Store Capital Corp	COM	862121100	4,517	189,700	SH		DFND	2	189,700	0	0
Sun Communities Inc	COM	866674104	7,864	57,960	SH		DFND	2	57,960	0	0
UDR Inc	COM	902653104	9,889	264,540	SH		DFND	2	264,540	0	0
Ventas Inc	COM	92276F100	7,161	195,550	SH		DFND	2	195,550	0	0
VEREIT Inc	COM	92339V100	7,851	1,220,990	SH		DFND	2	1,220,990	0	0
WP Carey Inc	COM	92936U109	6,894	101,910	SH		DFND	2	101,910	0	0
Welltower Inc	COM	95040Q104	6,422	124,100	SH		DFND	2	124,100	0	0
Xenia Hotels & Resorts Inc	COM	984017103	1,099	117,790	SH		DFND	2	117,790	0	0
American Campus Communities	COM	024835100	1,392	39,820	SH		DFND	4	39,820	0	0
American Tower Corp	COM	03027X100	8,527	32,980	SH		DFND	4	32,980	0	0
Americold Realty Trust	COM	03064D108	6,055	166,800	SH		DFND	4	166,800	0	0
Apartment Investment and Management Co	COM	03748R754	4,062	107,925	SH		DFND	4	107,925	0	0
Apple Hospitality REIT Inc	COM	03784Y200	2,218	229,559	SH		DFND	4	229,559	0	0
Boston Properties	COM	101121101	7,901	87,420	SH		DFND	4	87,420	0	0
Brixmor Property Group Inc	COM	11120U105	5,189	404,790	SH		DFND	4	404,790	0	0
Columbia Property Trust	COM	198287203	1,584	120,533	SH		DFND	4	120,533	0	0
Cousins Properties Inc	COM	222795502	1,816	60,870	SH		DFND	4	60,870	0	0
Cubesmart	COM	229663109	9,434	349,553	SH		DFND	4	349,553	0	0
Digital Realty Trust Inc	COM	253868103	6,968	49,030	SH		DFND	4	49,030	0	0
Diversified Healthcare Trust	COM	25525P107	441	99,750	SH		DFND	4	99,750	0	0
Empire State Realty Trust	COM	292104106	3,023	431,910	SH		DFND	4	431,910	0	0
Equinix Inc	COM	29444U700	9,870	14,054	SH		DFND	4	14,054	0	0
Equity Residential Properties Trust	COM	29476L107	13,381	227,490	SH		DFND	4	227,490	0	0
Healthcare Trust of America	COM	42225P501	1,861	70,166	SH		DFND	4	70,166	0	0
Healthpeak Properties Inc	COM	42250P103	12,232	443,820	SH		DFND	4	443,820	0	0
Host Hotels & Resorts Inc	COM	44107P104	5,391	499,600	SH		DFND	4	499,600	0	0
Invitation Homes Inc	COM	46187W107	16,152	586,695	SH		DFND	4	586,695	0	0
Iron Mountain Inc	COM	46284V101	3,031	116,130	SH		DFND	4	116,130	0	0
JBG Smith Properties	COM	46590V100	7,389	249,870	SH		DFND	4	249,870	0	0
Kilroy Realty Corporation	COM	49427F108	2,755	46,937	SH		DFND	4	46,937	0	0
Life Storage Inc	COM	53223X107	6,178	65,070	SH		DFND	4	65,070	0	0
Mid-America Apartment Communities Inc	COM	59522J103	7,425	64,750	SH		DFND	4	64,750	0	0
Prologis Trust	COM	74340W103	21,290	228,120	SH		DFND	4	228,120	0	0
Realty Income Corp	COM	756109104	6,904	116,030	SH		DFND	4	116,030	0	0
Regency Centers Corp	COM	758849103	3,045	66,360	SH		DFND	4	66,360	0	0
Retail Properties of America	COM	76131V202	6,598	901,360	SH		DFND	4	901,360	0	0
Rexford Industrial Realty	COM	76169C100	3,191	77,010	SH		DFND	4	77,010	0	0
Ryman Hospitality Properties	COM	78377T107	1,931	55,810	SH		DFND	4	55,810	0	0
SBA Communications Corp	COM	78410G104	7,182	24,108	SH		DFND	4	24,108	0	0
SL Green Realty Corp	COM	78440X101	1,779	36,100	SH		DFND	4	36,100	0	0
Sabra Health Care REIT Inc	COM	78573L106	3,841	266,180	SH		DFND	4	266,180	0	0
Simon Property Group Inc	COM	828806109	4,555	66,620	SH		DFND	4	66,620	0	0
STAG Industrial	COM	85254J102	3,883	132,440	SH		DFND	4	132,440	0	0
Store Capital Corp	COM	862121100	2,753	115,620	SH		DFND	4	115,620	0	0
Sun Communities Inc	COM	866674104	5,514	40,640	SH		DFND	4	40,640	0	0
UDR Inc	COM	902653104	8,294	221,870	SH		DFND	4	221,870	0	0
Ventas Inc	COM	92276F100	8,215	224,340	SH		DFND	4	224,340	0	0
VEREIT Inc	COM	92339V100	7,582	1,179,117	SH		DFND	4	1,179,117	0	0
WP Carey Inc	COM	92936U109	5,860	86,625	SH		DFND	4	86,625	0	0
Welltower Inc	COM	95040Q104	5,090	98,350	SH		DFND	4	98,350	0	0
American Campus Communities	COM	024835100	1,225	35,040	SH		DFND	3	35,040	0	0
American Homes 4 Rent	COM	02665T306	1,193	44,340	SH		DFND	3	44,340	0	0
American Tower Corp	COM	03027X100	13,765	53,240	SH		DFND	3	53,240	0	0
Americold Realty Trust	COM	03064D108	4,885	134,560	SH		DFND	3	134,560	0	0
Apartment Investment and Management Co	COM	03748R754	3,270	86,864	SH		DFND	3	86,864	0	0
Apple Hospitality REIT Inc	COM	03784Y200	1,721	178,149	SH		DFND	3	178,149	0	0
Avalon Bay Communities	COM	053484101	1,901	12,290	SH		DFND	3	12,290	0	0
Boston Properties	COM	101121101	5,397	59,720	SH		DFND	3	59,720	0	0
Brixmor Property Group Inc	COM	11120U105	3,324	259,260	SH		DFND	3	259,260	0	0
Columbia Property Trust	COM	198287203	1,398	106,388	SH		DFND	3	106,388	0	0
Cousins Properties Inc	COM	222795502	2,248	75,350	SH		DFND	3	75,350	0	0
Crown Castle Intl Corp	COM	22822V101	5,695	34,030	SH		DFND	3	34,030	0	0
Cubesmart	COM	229663109	7,044	260,996	SH		DFND	3	260,996	0	0
CyrusOne	COM	23283R100	747	10,270	SH		DFND	3	10,270	0	0
DiamondRock Hospitality Co	COM	252784301	305	55,169	SH		DFND	3	55,169	0	0
Digital Realty Trust Inc	COM	253868103	6,546	46,060	SH		DFND	3	46,060	0	0
Diversified Healthcare Trust	COM	25525P107	300	67,900	SH		DFND	3	67,900	0	0
Douglas Emmett Inc	COM	25960P109	529	17,270	SH		DFND	3	17,270	0	0
Duke Realty Investments Inc	COM	264411505	1,529	43,210	SH		DFND	3	43,210	0	0
Empire State Realty Trust	COM	292104106	1,942	277,470	SH		DFND	3	277,470	0	0
Equinix Inc	COM	29444U700	12,403	17,660	SH		DFND	3	17,660	0	0
Equity Lifestyle Properties	COM	29472R108	1,221	19,550	SH		DFND	3	19,550	0	0
Equity Residential Properties Trust	COM	29476L107	9,859	167,620	SH		DFND	3	167,620	0	0
Extra Space Storage Inc	COM	30225T102	1,410	15,270	SH		DFND	3	15,270	0	0
Gaming and Leisure Properties Inc	COM	36467J108	479	13,830	SH		DFND	3	13,830	0	0
Healthcare Trust of America	COM	42225P501	1,735	65,436	SH		DFND	3	65,436	0	0
Healthpeak Properties Inc	COM	42250P103	9,606	348,560	SH		DFND	3	348,560	0	0
Host Hotels & Resorts Inc	COM	44107P104	3,943	365,470	SH		DFND	3	365,470	0	0
Invitation Homes Inc	COM	46187W107	12,979	471,455	SH		DFND	3	471,455	0	0
Iron Mountain Inc	COM	46284V101	2,339	89,601	SH		DFND	3	89,601	0	0
JBG Smith Properties	COM	46590V100	5,716	193,320	SH		DFND	3	193,320	0	0
Kilroy Realty Corporation	COM	49427F108	2,443	41,621	SH		DFND	3	41,621	0	0
Life Storage Inc	COM	53223X107	4,102	43,200	SH		DFND	3	43,200	0	0
Medical Properties Trust Inc	COM	58463J304	1,447	76,980	SH		DFND	3	76,980	0	0
Mid-America Apartment Communities Inc	COM	59522J103	6,000	52,320	SH		DFND	3	52,320	0	0
Prologis Trust	COM	74340W103	17,041	182,590	SH		DFND	3	182,590	0	0
Realty Income Corp	COM	756109104	5,201	87,410	SH		DFND	3	87,410	0	0
Regency Centers Corp	COM	758849103	1,940	42,280	SH		DFND	3	42,280	0	0
Retail Opportunity Investments Corp	COM	76131N101	945	83,380	SH		DFND	3	83,380	0	0
Retail Properties of America	COM	76131V202	4,952	676,480	SH		DFND	3	676,480	0	0
Rexford Industrial Realty	COM	76169C100	2,764	66,727	SH		DFND	3	66,727	0	0
Ryman Hospitality Properties	COM	78377T107	1,564	45,210	SH		DFND	3	45,210	0	0
SBA Communications Corp	COM	78410G104	10,582	35,520	SH		DFND	3	35,520	0	0
SL Green Realty Corp	COM	78440X101	1,549	31,420	SH		DFND	3	31,420	0	0
Sabra Health Care REIT Inc	COM	78573L106	2,792	193,490	SH		DFND	3	193,490	0	0
Simon Property Group Inc	COM	828806109	3,242	47,410	SH		DFND	3	47,410	0	0
STAG Industrial	COM	85254J102	3,621	123,497	SH		DFND	3	123,497	0	0
Store Capital Corp	COM	862121100	2,216	93,080	SH		DFND	3	93,080	0	0
Sun Communities Inc	COM	866674104	4,347	32,041	SH		DFND	3	32,041	0	0
UDR Inc	COM	902653104	6,248	167,140	SH		DFND	3	167,140	0	0
Urban Edge Properties	COM	91704F104	874	73,625	SH		DFND	3	73,625	0	0
Ventas Inc	COM	92276F100	6,084	166,140	SH		DFND	3	166,140	0	0
VEREIT Inc	COM	92339V100	5,897	917,062	SH		DFND	3	917,062	0	0
WP Carey Inc	COM	92936U109	5,068	74,922	SH		DFND	3	74,922	0	0
Welltower Inc	COM	95040Q104	4,266	82,440	SH		DFND	3	82,440	0	0
Xenia Hotels & Resorts Inc	COM	984017103	277	29,660	SH		DFND	3	29,660	0	0