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
GDS Holdings Ltd - ADR	COM	36165L108	4,744	58,500	SH		DFND	1	58,500	0	0
Acadia Realty Trust	COM	004239109	54,730	2,885,057	SH		DFND	1	2,885,057	0	0
Agree Realty Corp	COM	008492100	124,897	1,855,555	SH		DFND	1	1,855,555	0	0
Alexandria Real Estate Equitie	COM	015271109	34,818	211,916	SH		DFND	1	211,916	0	0
American Assets Trust	COM	024013104	48,172	1,484,969	SH		DFND	1	1,484,969	0	0
American Campus Communities	COM	024835100	186,204	4,313,276	SH		DFND	1	4,313,276	0	0
American Homes 4 Rent	COM	02665T306	20,702	620,923	SH		DFND	1	620,923	0	0
American Tower Corp	COM	03027X100	114,478	478,867	SH		DFND	1	478,867	0	0
Americold Realty Trust	COM	03064D108	110,624	2,875,580	SH		DFND	1	2,875,580	0	0
Apartment Income REIT Corp	COM	03750L109	6,620	154,828	SH		DFND	1	154,828	0	0
Apartment Investment and Manag	COM	03748R747	951	154,828	SH		DFND	1	154,828	0	0
Apple Hospitality REIT Inc	COM	03784Y200	33,856	2,323,665	SH		DFND	1	2,323,665	0	0
Armada Hoffler Properties	COM	04208T108	820	65,400	SH		DFND	1	65,400	0	0
Avalon Bay Communities	COM	053484101	224,478	1,216,619	SH		DFND	1	1,216,619	0	0
Boston Properties	COM	101121101	19,981	197,320	SH		DFND	1	197,320	0	0
Brandywine Realty Trust	COM	105368203	2,958	229,140	SH		DFND	1	229,140	0	0
Brixmor Property Group Inc	COM	11120U105	119,124	5,888,462	SH		DFND	1	5,888,462	0	0
Broadstone Net Lease Inc	COM	11135E203	53,679	2,933,284	SH		DFND	1	2,933,284	0	0
Camden Property Trust	COM	133131102	13,126	119,429	SH		DFND	1	119,429	0	0
Columbia Property Trust	COM	198287203	51,850	3,032,166	SH		DFND	1	3,032,166	0	0
Corporate Office Properties Tr	COM	22002T108	6,785	257,700	SH		DFND	1	257,700	0	0
Cousins Properties Inc	COM	222795502	144,133	4,077,303	SH		DFND	1	4,077,303	0	0
Crown Castle Intl Corp	COM	22822V101	47,242	274,453	SH		DFND	1	274,453	0	0
Cubesmart	COM	229663109	9,204	243,287	SH		DFND	1	243,287	0	0
CyrusOne	COM	23283R100	61,171	903,300	SH		DFND	1	903,300	0	0
Digital Realty Trust Inc	COM	253868103	236,436	1,678,758	SH		DFND	1	1,678,758	0	0
Diversified Healthcare Trust	COM	25525P107	18,380	3,845,100	SH		DFND	1	3,845,100	0	0
Douglas Emmett Inc	COM	25960P109	65,963	2,100,743	SH		DFND	1	2,100,743	0	0
Duke Realty Investments Inc	COM	264411505	155,765	3,714,873	SH		DFND	1	3,714,873	0	0
EastGroup Properties Inc	COM	277276101	6,884	48,043	SH		DFND	1	48,043	0	0
Empire State Realty Trust	COM	292104106	15,821	1,421,511	SH		DFND	1	1,421,511	0	0
EPR Properties	COM	26884U109	7,537	161,780	SH		DFND	1	161,780	0	0
Equinix Inc	COM	29444U700	395,540	582,028	SH		DFND	1	582,028	0	0
Equity Lifestyle Properties	COM	29472R108	18,447	289,870	SH		DFND	1	289,870	0	0
Equity Residential Properties	COM	29476L107	207,122	2,891,553	SH		DFND	1	2,891,553	0	0
Essex Property Trust Inc	COM	297178105	190,799	701,880	SH		DFND	1	701,880	0	0
Extra Space Storage Inc	COM	30225T102	148,185	1,117,959	SH		DFND	1	1,117,959	0	0
Federal Realty Investment Trus	COM	313747206	81,009	798,508	SH		DFND	1	798,508	0	0
First Industrial Realty Trust	COM	32054K103	114,646	2,503,743	SH		DFND	1	2,503,743	0	0
Gaming and Leisure Properties	COM	36467J108	24,470	576,711	SH		DFND	1	576,711	0	0
Healthcare Realty Trust	COM	421946104	5,185	170,993	SH		DFND	1	170,993	0	0
Healthcare Trust of America	COM	42225P501	7,695	279,007	SH		DFND	1	279,007	0	0
Healthpeak Properties Inc	COM	42250P103	83,349	2,625,986	SH		DFND	1	2,625,986	0	0
Highwoods Properties Inc	COM	431284108	6,952	161,902	SH		DFND	1	161,902	0	0
Host Hotels & Resorts Inc	COM	44107P104	127,127	7,544,619	SH		DFND	1	7,544,619	0	0
Hudson Pacific Properties	COM	444097109	9,410	346,840	SH		DFND	1	346,840	0	0
Independence Realty Trust Inc	COM	45378A106	1,520	100,000	SH		DFND	1	100,000	0	0
Invitation Homes Inc	COM	46187W107	370,838	11,592,320	SH		DFND	1	11,592,320	0	0
JBG Smith Properties	COM	46590V100	115,185	3,623,322	SH		DFND	1	3,623,322	0	0
Kilroy Realty Corporation	COM	49427F108	111,697	1,701,924	SH		DFND	1	1,701,924	0	0
Kimco Realty Corp	COM	49446R109	11,897	634,500	SH		DFND	1	634,500	0	0
Kite Realty Group Trust	COM	49803T300	2,110	109,400	SH		DFND	1	109,400	0	0
Lexington Realty Trust	COM	529043101	3,746	337,136	SH		DFND	1	337,136	0	0
Life Storage Inc	COM	53223X107	187,688	2,183,685	SH		DFND	1	2,183,685	0	0
Medical Properties Trust Inc	COM	58463J304	101,060	4,749,058	SH		DFND	1	4,749,058	0	0
Mid-America Apartment Communit	COM	59522J103	77,510	536,919	SH		DFND	1	536,919	0	0
National Retail Properties	COM	637417106	7,415	168,264	SH		DFND	1	168,264	0	0
National Storage Affiliates Tr	COM	637870106	3,028	75,836	SH		DFND	1	75,836	0	0
NetSTREIT Corp	COM	64119V303	4,569	247,122	SH		DFND	1	247,122	0	0
NEXTERA ENERGY INC	COM	65339F101	4,569	60,432	SH		DFND	1	60,432	0	0
Outfront Media Inc	COM	69007J106	38,171	1,748,558	SH		DFND	1	1,748,558	0	0
Park Hotels & Resorts Inc	COM	700517105	5,952	275,826	SH		DFND	1	275,826	0	0
Physicians Realty Trust	COM	71943U104	4,571	258,700	SH		DFND	1	258,700	0	0
Prologis Trust	COM	74340W103	571,113	5,387,863	SH		DFND	1	5,387,863	0	0
PS Business Parks Inc/CA	COM	69360J107	3,883	25,122	SH		DFND	1	25,122	0	0
Public Storage Inc	COM	74460D109	103,986	421,404	SH		DFND	1	421,404	0	0
QTS Realty Trust	COM	74736A103	7,077	114,073	SH		DFND	1	114,073	0	0
Realty Income Corp	COM	756109104	58,280	917,793	SH		DFND	1	917,793	0	0
Regency Centers Corp	COM	758849103	107,518	1,895,929	SH		DFND	1	1,895,929	0	0
Retail Opportunity Investments	COM	76131N101	14,183	893,670	SH		DFND	1	893,670	0	0
Retail Properties of America	COM	76131V202	73,637	7,026,386	SH		DFND	1	7,026,386	0	0
Rexford Industrial Realty	COM	76169C100	72,170	1,431,937	SH		DFND	1	1,431,937	0	0
Ryman Hospitality Properties	COM	78377T107	62,941	812,035	SH		DFND	1	812,035	0	0
Sabra Health Care REIT Inc	COM	78573L106	70,815	4,079,201	SH		DFND	1	4,079,201	0	0
SBA Communications Corp	COM	78410G104	229,733	827,719	SH		DFND	1	827,719	0	0
Seritage Growth Properties	COM	81752R100	6,845	373,036	SH		DFND	1	373,036	0	0
Simon Property Group Inc	COM	828806109	108,918	957,354	SH		DFND	1	957,354	0	0
SL Green Realty Corp	COM	78440X804	14,794	211,368	SH		DFND	1	211,368	0	0
Spirit Realty Capital	COM	84860W300	4,960	116,700	SH		DFND	1	116,700	0	0
STAG Industrial	COM	85254J102	6,331	188,358	SH		DFND	1	188,358	0	0
Store Capital Corp	COM	862121100	49,254	1,470,269	SH		DFND	1	1,470,269	0	0
Sun Communities Inc	COM	866674104	182,855	1,218,709	SH		DFND	1	1,218,709	0	0
Terreno Realty Corp	COM	88146M101	6,035	104,460	SH		DFND	1	104,460	0	0
UDR Inc	COM	902653104	193,443	4,410,476	SH		DFND	1	4,410,476	0	0
Urban Edge Properties	COM	91704F104	2,445	148,000	SH		DFND	1	148,000	0	0
Ventas Inc	COM	92276F100	91,246	1,710,645	SH		DFND	1	1,710,645	0	0
VEREIT Inc	COM	92339V308	160,427	4,153,979	SH		DFND	1	4,153,979	0	0
VICI Properties Inc	COM	925652109	38,569	1,365,766	SH		DFND	1	1,365,766	0	0
Vornado Realty Trust	COM	929042109	6,323	139,297	SH		DFND	1	139,297	0	0
Washington REIT	COM	939653101	2,302	104,157	SH		DFND	1	104,157	0	0
Weingarten Realty Investment T	COM	948741103	22,182	824,320	SH		DFND	1	824,320	0	0
Welltower Inc	COM	95040Q104	352,113	4,915,726	SH		DFND	1	4,915,726	0	0
Weyerhaeuser Co	COM	962166104	14,318	402,193	SH		DFND	1	402,193	0	0
WP Carey Inc	COM	92936U109	15,482	218,792	SH		DFND	1	218,792	0	0
Xenia Hotels & Resorts Inc	COM	984017103	4,687	240,348	SH		DFND	1	240,348	0	0
Acadia Realty Trust	COM	004239109	10,105	532,670	SH		DFND	2	532,670	0	0
Agree Realty Corp	COM	008492100	14,518	215,694	SH		DFND	2	215,694	0	0
Alexandria Real Estate Equitie	COM	015271109	9,278	56,470	SH		DFND	2	56,470	0	0
American Assets Trust	COM	024013104	5,178	159,620	SH		DFND	2	159,620	0	0
American Campus Communities	COM	024835100	26,830	621,498	SH		DFND	2	621,498	0	0
American Tower Corp	COM	03027X100	10,325	43,190	SH		DFND	2	43,190	0	0
Americold Realty Trust	COM	03064D108	17,313	450,040	SH		DFND	2	450,040	0	0
Apple Hospitality REIT Inc	COM	03784Y200	5,571	382,342	SH		DFND	2	382,342	0	0
Avalon Bay Communities	COM	053484101	33,536	181,758	SH		DFND	2	181,758	0	0
Brixmor Property Group Inc	COM	11120U105	16,893	835,054	SH		DFND	2	835,054	0	0
Broadstone Net Lease Inc	COM	11135E203	8,893	485,970	SH		DFND	2	485,970	0	0
Columbia Property Trust	COM	198287203	8,120	474,850	SH		DFND	2	474,850	0	0
Cousins Properties Inc	COM	222795502	20,513	580,280	SH		DFND	2	580,280	0	0
CyrusOne	COM	23283R100	9,133	134,860	SH		DFND	2	134,860	0	0
Digital Realty Trust Inc	COM	253868103	29,432	208,975	SH		DFND	2	208,975	0	0
Diversified Healthcare Trust	COM	25525P107	2,866	599,500	SH		DFND	2	599,500	0	0
Douglas Emmett Inc	COM	25960P109	10,668	339,744	SH		DFND	2	339,744	0	0
Duke Realty Investments Inc	COM	264411505	21,947	523,410	SH		DFND	2	523,410	0	0
Empire State Realty Trust	COM	292104106	2,596	233,272	SH		DFND	2	233,272	0	0
EPR Properties	COM	26884U109	6,041	129,660	SH		DFND	2	129,660	0	0
Equinix Inc	COM	29444U700	65,927	97,010	SH		DFND	2	97,010	0	0
Equity Residential Properties	COM	29476L107	27,676	386,380	SH		DFND	2	386,380	0	0
Essex Property Trust Inc	COM	297178105	24,304	89,407	SH		DFND	2	89,407	0	0
Extra Space Storage Inc	COM	30225T102	19,849	149,750	SH		DFND	2	149,750	0	0
Federal Realty Investment Trus	COM	313747206	12,086	119,137	SH		DFND	2	119,137	0	0
First Industrial Realty Trust	COM	32054K103	17,693	386,390	SH		DFND	2	386,390	0	0
Gaming and Leisure Properties	COM	36467J108	7,590	178,884	SH		DFND	2	178,884	0	0
Healthpeak Properties Inc	COM	42250P103	8,459	266,520	SH		DFND	2	266,520	0	0
Host Hotels & Resorts Inc	COM	44107P104	21,229	1,259,864	SH		DFND	2	1,259,864	0	0
Invitation Homes Inc	COM	46187W107	49,037	1,532,895	SH		DFND	2	1,532,895	0	0
JBG Smith Properties	COM	46590V100	16,025	504,086	SH		DFND	2	504,086	0	0
Kilroy Realty Corporation	COM	49427F108	12,285	187,190	SH		DFND	2	187,190	0	0
Life Storage Inc	COM	53223X107	27,081	315,075	SH		DFND	2	315,075	0	0
Medical Properties Trust Inc	COM	58463J304	17,874	839,950	SH		DFND	2	839,950	0	0
Mid-America Apartment Communit	COM	59522J103	9,118	63,160	SH		DFND	2	63,160	0	0
Outfront Media Inc	COM	69007J106	7,470	342,200	SH		DFND	2	342,200	0	0
Park Hotels & Resorts Inc	COM	700517105	1,320	61,150	SH		DFND	2	61,150	0	0
Prologis Trust	COM	74340W103	66,986	631,940	SH		DFND	2	631,940	0	0
Public Storage Inc	COM	74460D109	13,500	54,710	SH		DFND	2	54,710	0	0
Realty Income Corp	COM	756109104	7,165	112,840	SH		DFND	2	112,840	0	0
Regency Centers Corp	COM	758849103	15,607	275,202	SH		DFND	2	275,202	0	0
Retail Properties of America	COM	76131V202	9,733	928,681	SH		DFND	2	928,681	0	0
Rexford Industrial Realty	COM	76169C100	9,630	191,070	SH		DFND	2	191,070	0	0
Ryman Hospitality Properties	COM	78377T107	9,519	122,806	SH		DFND	2	122,806	0	0
Sabra Health Care REIT Inc	COM	78573L106	11,757	677,270	SH		DFND	2	677,270	0	0
SBA Communications Corp	COM	78410G104	23,018	82,934	SH		DFND	2	82,934	0	0
Simon Property Group Inc	COM	828806109	12,887	113,270	SH		DFND	2	113,270	0	0
SL Green Realty Corp	COM	78440X804	3,365	48,080	SH		DFND	2	48,080	0	0
Store Capital Corp	COM	862121100	11,252	335,866	SH		DFND	2	335,866	0	0
Sun Communities Inc	COM	866674104	24,087	160,540	SH		DFND	2	160,540	0	0
UDR Inc	COM	902653104	25,551	582,551	SH		DFND	2	582,551	0	0
Ventas Inc	COM	92276F100	12,389	232,265	SH		DFND	2	232,265	0	0
VEREIT Inc	COM	92339V308	22,468	581,770	SH		DFND	2	581,770	0	0
VICI Properties Inc	COM	925652109	9,006	318,893	SH		DFND	2	318,893	0	0
Welltower Inc	COM	95040Q104	47,390	661,600	SH		DFND	2	661,600	0	0
Acadia Realty Trust	COM	004239109	1,154	60,840	SH		DFND	3	60,840	0	0
Agree Realty Corp	COM	008492100	6,295	93,524	SH		DFND	3	93,524	0	0
American Assets Trust	COM	024013104	1,118	34,478	SH		DFND	3	34,478	0	0
American Campus Communities	COM	024835100	9,222	213,622	SH		DFND	3	213,622	0	0
American Tower Corp	COM	03027X100	9,200	38,485	SH		DFND	3	38,485	0	0
Americold Realty Trust	COM	03064D108	5,364	139,440	SH		DFND	3	139,440	0	0
Apple Hospitality REIT Inc	COM	03784Y200	1,293	88,778	SH		DFND	3	88,778	0	0
Avalon Bay Communities	COM	053484101	9,884	53,567	SH		DFND	3	53,567	0	0
Brixmor Property Group Inc	COM	11120U105	4,693	231,970	SH		DFND	3	231,970	0	0
Broadstone Net Lease Inc	COM	11135E203	3,599	196,640	SH		DFND	3	196,640	0	0
Columbia Property Trust	COM	198287203	2,760	161,377	SH		DFND	3	161,377	0	0
Cousins Properties Inc	COM	222795502	5,929	167,720	SH		DFND	3	167,720	0	0
Crown Castle Intl Corp	COM	22822V101	5,663	32,900	SH		DFND	3	32,900	0	0
CyrusOne	COM	23283R100	1,671	24,670	SH		DFND	3	24,670	0	0
Digital Realty Trust Inc	COM	253868103	6,085	43,207	SH		DFND	3	43,207	0	0
Diversified Healthcare Trust	COM	25525P107	1,199	250,830	SH		DFND	3	250,830	0	0
Douglas Emmett Inc	COM	25960P109	2,573	81,948	SH		DFND	3	81,948	0	0
Duke Realty Investments Inc	COM	264411505	1,645	39,230	SH		DFND	3	39,230	0	0
Empire State Realty Trust	COM	292104106	545	48,996	SH		DFND	3	48,996	0	0
Equinix Inc	COM	29444U700	12,027	17,697	SH		DFND	3	17,697	0	0
Equity Residential Properties	COM	29476L107	6,820	95,210	SH		DFND	3	95,210	0	0
Essex Property Trust Inc	COM	297178105	8,034	29,554	SH		DFND	3	29,554	0	0
Extra Space Storage Inc	COM	30225T102	4,685	35,347	SH		DFND	3	35,347	0	0
Federal Realty Investment Trus	COM	313747206	4,222	41,614	SH		DFND	3	41,614	0	0
First Industrial Realty Trust	COM	32054K103	5,710	124,705	SH		DFND	3	124,705	0	0
Gaming and Leisure Properties	COM	36467J108	481	11,338	SH		DFND	3	11,338	0	0
Healthpeak Properties Inc	COM	42250P103	970	30,547	SH		DFND	3	30,547	0	0
Host Hotels & Resorts Inc	COM	44107P104	6,187	367,181	SH		DFND	3	367,181	0	0
Invitation Homes Inc	COM	46187W107	16,325	510,301	SH		DFND	3	510,301	0	0
JBG Smith Properties	COM	46590V100	4,920	154,781	SH		DFND	3	154,781	0	0
Kilroy Realty Corporation	COM	49427F108	3,937	59,990	SH		DFND	3	59,990	0	0
Life Storage Inc	COM	53223X107	10,364	120,580	SH		DFND	3	120,580	0	0
Medical Properties Trust Inc	COM	58463J304	1,763	82,860	SH		DFND	3	82,860	0	0
Mid-America Apartment Communit	COM	59522J103	1,074	7,440	SH		DFND	3	7,440	0	0
NetSTREIT Corp	COM	64119V303	888	48,020	SH		DFND	3	48,020	0	0
Outfront Media Inc	COM	69007J106	826	37,860	SH		DFND	3	37,860	0	0
Park Hotels & Resorts Inc	COM	700517105	368	17,038	SH		DFND	3	17,038	0	0
Prologis Trust	COM	74340W103	21,047	198,560	SH		DFND	3	198,560	0	0
Regency Centers Corp	COM	758849103	4,870	85,870	SH		DFND	3	85,870	0	0
Retail Properties of America	COM	76131V202	3,782	360,910	SH		DFND	3	360,910	0	0
Rexford Industrial Realty	COM	76169C100	3,365	66,770	SH		DFND	3	66,770	0	0
Ryman Hospitality Properties	COM	78377T107	2,431	31,360	SH		DFND	3	31,360	0	0
Sabra Health Care REIT Inc	COM	78573L106	4,059	233,818	SH		DFND	3	233,818	0	0
SBA Communications Corp	COM	78410G104	11,987	43,190	SH		DFND	3	43,190	0	0
Simon Property Group Inc	COM	828806109	2,257	19,840	SH		DFND	3	19,840	0	0
Sun Communities Inc	COM	866674104	6,885	45,890	SH		DFND	3	45,890	0	0
UDR Inc	COM	902653104	6,428	146,559	SH		DFND	3	146,559	0	0
Ventas Inc	COM	92276F100	3,158	59,202	SH		DFND	3	59,202	0	0
VEREIT Inc	COM	92339V308	7,245	187,610	SH		DFND	3	187,610	0	0
VICI Properties Inc	COM	925652109	968	34,270	SH		DFND	3	34,270	0	0
Weingarten Realty Investment T	COM	948741103	315	11,720	SH		DFND	3	11,720	0	0
Welltower Inc	COM	95040Q104	14,987	209,233	SH		DFND	3	209,233	0	0
Weyerhaeuser Co	COM	962166104	2,825	79,340	SH		DFND	3	79,340	0	0
Agree Realty Corp	COM	008492100	6,273	93,189	SH		DFND	4	93,189	0	0
American Campus Communities	COM	024835100	10,582	245,119	SH		DFND	4	245,119	0	0
Americold Realty Trust	COM	03064D108	5,892	153,170	SH		DFND	4	153,170	0	0
Apple Hospitality REIT Inc	COM	03784Y200	1,528	104,848	SH		DFND	4	104,848	0	0
Avalon Bay Communities	COM	053484101	11,322	61,362	SH		DFND	4	61,362	0	0
Brixmor Property Group Inc	COM	11120U105	5,520	272,860	SH		DFND	4	272,860	0	0
Broadstone Net Lease Inc	COM	11135E203	3,635	198,630	SH		DFND	4	198,630	0	0
Columbia Property Trust	COM	198287203	3,064	179,178	SH		DFND	4	179,178	0	0
Cousins Properties Inc	COM	222795502	6,129	173,380	SH		DFND	4	173,380	0	0
CyrusOne	COM	23283R100	1,138	16,800	SH		DFND	4	16,800	0	0
Digital Realty Trust Inc	COM	253868103	7,570	53,750	SH		DFND	4	53,750	0	0
Diversified Healthcare Trust	COM	25525P107	1,531	320,340	SH		DFND	4	320,340	0	0
Douglas Emmett Inc	COM	25960P109	2,638	84,024	SH		DFND	4	84,024	0	0
Empire State Realty Trust	COM	292104106	880	79,095	SH		DFND	4	79,095	0	0
Equinix Inc	COM	29444U700	8,716	12,825	SH		DFND	4	12,825	0	0
Equity Residential Properties	COM	29476L107	7,485	104,500	SH		DFND	4	104,500	0	0
Essex Property Trust Inc	COM	297178105	9,072	33,372	SH		DFND	4	33,372	0	0
Extra Space Storage Inc	COM	30225T102	4,983	37,590	SH		DFND	4	37,590	0	0
Federal Realty Investment Trus	COM	313747206	4,669	46,018	SH		DFND	4	46,018	0	0
First Industrial Realty Trust	COM	32054K103	6,121	133,675	SH		DFND	4	133,675	0	0
Host Hotels & Resorts Inc	COM	44107P104	7,034	417,424	SH		DFND	4	417,424	0	0
Invitation Homes Inc	COM	46187W107	17,853	558,070	SH		DFND	4	558,070	0	0
JBG Smith Properties	COM	46590V100	5,468	172,013	SH		DFND	4	172,013	0	0
Kilroy Realty Corporation	COM	49427F108	4,449	67,790	SH		DFND	4	67,790	0	0
Life Storage Inc	COM	53223X107	10,981	127,766	SH		DFND	4	127,766	0	0
Park Hotels & Resorts Inc	COM	700517105	470	21,786	SH		DFND	4	21,786	0	0
Prologis Trust	COM	74340W103	23,681	223,410	SH		DFND	4	223,410	0	0
Regency Centers Corp	COM	758849103	5,930	104,560	SH		DFND	4	104,560	0	0
Retail Properties of America	COM	76131V202	4,268	407,255	SH		DFND	4	407,255	0	0
Rexford Industrial Realty	COM	76169C100	3,726	73,930	SH		DFND	4	73,930	0	0
Ryman Hospitality Properties	COM	78377T107	1,999	25,786	SH		DFND	4	25,786	0	0
Sabra Health Care REIT Inc	COM	78573L106	4,822	277,750	SH		DFND	4	277,750	0	0
SBA Communications Corp	COM	78410G104	10,103	36,400	SH		DFND	4	36,400	0	0
Simon Property Group Inc	COM	828806109	3,244	28,510	SH		DFND	4	28,510	0	0
Sun Communities Inc	COM	866674104	6,138	40,910	SH		DFND	4	40,910	0	0
UDR Inc	COM	902653104	6,468	147,467	SH		DFND	4	147,467	0	0
Ventas Inc	COM	92276F100	3,818	71,584	SH		DFND	4	71,584	0	0
VEREIT Inc	COM	92339V308	8,999	233,008	SH		DFND	4	233,008	0	0
Welltower Inc	COM	95040Q104	16,159	225,591	SH		DFND	4	225,591	0	0