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	5,023	64,000	SH		DFND	1	64,000	0	0
Acadia Realty Trust	COM	004239109	90,557	4,123,725	SH		DFND	1	4,123,725	0	0
Agree Realty Corp	COM	008492100	176,316	2,501,295	SH		DFND	1	2,501,295	0	0
Alexandria Real Estate Equitie	COM	015271109	39,372	216,402	SH		DFND	1	216,402	0	0
American Assets Trust	COM	024013104	31,491	844,480	SH		DFND	1	844,480	0	0
American Campus Communities	COM	024835100	212,392	4,546,068	SH		DFND	1	4,546,068	0	0
American Homes 4 Rent	COM	02665T306	23,015	592,418	SH		DFND	1	592,418	0	0
American Tower Corp	COM	03027X100	138,107	511,243	SH		DFND	1	511,243	0	0
Americold Realty Trust	COM	03064D108	109,527	2,893,708	SH		DFND	1	2,893,708	0	0
Apartment Income REIT Corp	COM	03750L109	7,343	154,828	SH		DFND	1	154,828	0	0
Apartment Investment and Manag	COM	03748R747	1,039	154,828	SH		DFND	1	154,828	0	0
Apple Hospitality REIT Inc	COM	03784Y200	18,849	1,235,197	SH		DFND	1	1,235,197	0	0
Armada Hoffler Properties	COM	04208T108	869	65,400	SH		DFND	1	65,400	0	0
Avalon Bay Communities	COM	053484101	248,071	1,188,706	SH		DFND	1	1,188,706	0	0
Boston Properties	COM	101121101	20,541	179,260	SH		DFND	1	179,260	0	0
Brandywine Realty Trust	COM	105368203	22,748	1,659,245	SH		DFND	1	1,659,245	0	0
Brixmor Property Group Inc	COM	11120U105	158,475	6,923,329	SH		DFND	1	6,923,329	0	0
Broadstone Net Lease Inc	COM	11135E203	56,249	2,402,789	SH		DFND	1	2,402,789	0	0
Camden Property Trust	COM	133131102	15,874	119,651	SH		DFND	1	119,651	0	0
Columbia Property Trust	COM	198287203	58,805	3,381,545	SH		DFND	1	3,381,545	0	0
Coresite Realty Corp	COM	21870Q105	1,314	9,763	SH		DFND	1	9,763	0	0
Corporate Office Properties Tr	COM	22002T108	6,916	247,100	SH		DFND	1	247,100	0	0
Cousins Properties Inc	COM	222795502	142,849	3,883,875	SH		DFND	1	3,883,875	0	0
Crown Castle Intl Corp	COM	22822V101	76,017	389,630	SH		DFND	1	389,630	0	0
Cubesmart	COM	229663109	11,320	244,387	SH		DFND	1	244,387	0	0
CyrusOne	COM	23283R100	59,327	829,510	SH		DFND	1	829,510	0	0
Digital Realty Trust Inc	COM	253868103	253,322	1,683,650	SH		DFND	1	1,683,650	0	0
Diversified Healthcare Trust	COM	25525P107	18,407	4,403,610	SH		DFND	1	4,403,610	0	0
Douglas Emmett Inc	COM	25960P109	7,923	235,672	SH		DFND	1	235,672	0	0
Duke Realty Investments Inc	COM	264411505	188,340	3,977,615	SH		DFND	1	3,977,615	0	0
EastGroup Properties Inc	COM	277276101	8,126	49,412	SH		DFND	1	49,412	0	0
Empire State Realty Trust	COM	292104106	11,653	971,116	SH		DFND	1	971,116	0	0
EPR Properties	COM	26884U109	28,445	539,966	SH		DFND	1	539,966	0	0
Equinix Inc	COM	29444U700	495,736	617,663	SH		DFND	1	617,663	0	0
Equity Lifestyle Properties	COM	29472R108	21,007	282,700	SH		DFND	1	282,700	0	0
Equity Residential Properties	COM	29476L107	258,583	3,358,220	SH		DFND	1	3,358,220	0	0
Essex Property Trust Inc	COM	297178105	158,951	529,820	SH		DFND	1	529,820	0	0
Extra Space Storage Inc	COM	30225T102	186,876	1,140,739	SH		DFND	1	1,140,739	0	0
Federal Realty Investment Trus	COM	313747206	24,358	207,884	SH		DFND	1	207,884	0	0
First Industrial Realty Trust	COM	32054K103	78,741	1,507,579	SH		DFND	1	1,507,579	0	0
Four Corners Property Trust	COM	35086T109	2,448	88,680	SH		DFND	1	88,680	0	0
Gaming and Leisure Properties	COM	36467J108	36,122	779,668	SH		DFND	1	779,668	0	0
Healthcare Realty Trust	COM	421946104	5,117	169,453	SH		DFND	1	169,453	0	0
Healthcare Trust of America	COM	42225P501	9,016	337,674	SH		DFND	1	337,674	0	0
Healthpeak Properties Inc	COM	42250P103	66,023	1,983,283	SH		DFND	1	1,983,283	0	0
Highwoods Properties Inc	COM	431284108	7,310	161,827	SH		DFND	1	161,827	0	0
Host Hotels & Resorts Inc	COM	44107P104	117,628	6,882,832	SH		DFND	1	6,882,832	0	0
Hudson Pacific Properties	COM	444097109	45,568	1,637,949	SH		DFND	1	1,637,949	0	0
Independence Realty Trust Inc	COM	45378A106	1,823	100,000	SH		DFND	1	100,000	0	0
Invitation Homes Inc	COM	46187W107	409,921	10,992,790	SH		DFND	1	10,992,790	0	0
JBG Smith Properties	COM	46590V100	118,448	3,759,063	SH		DFND	1	3,759,063	0	0
Kilroy Realty Corporation	COM	49427F108	130,806	1,878,317	SH		DFND	1	1,878,317	0	0
Kimco Realty Corp	COM	49446R109	13,411	643,200	SH		DFND	1	643,200	0	0
Kite Realty Group Trust	COM	49803T300	2,408	109,400	SH		DFND	1	109,400	0	0
Lexington Realty Trust	COM	529043101	4,015	336,000	SH		DFND	1	336,000	0	0
Life Storage Inc	COM	53223X107	234,358	2,183,117	SH		DFND	1	2,183,117	0	0
Medical Properties Trust Inc	COM	58463J304	101,169	5,033,273	SH		DFND	1	5,033,273	0	0
MGM Growth Properties LLC	COM	55303A105	54,124	1,477,980	SH		DFND	1	1,477,980	0	0
Mid-America Apartment Communit	COM	59522J103	72,551	430,772	SH		DFND	1	430,772	0	0
National Retail Properties	COM	637417106	7,887	168,230	SH		DFND	1	168,230	0	0
National Storage Affiliates Tr	COM	637870106	3,832	75,800	SH		DFND	1	75,800	0	0
NetSTREIT Corp	COM	64119V303	8,088	350,732	SH		DFND	1	350,732	0	0
NEXTERA ENERGY INC	COM	65339F101	2,968	40,500	SH		DFND	1	40,500	0	0
Omega Healthcare Investors Inc	COM	681936100	27,958	770,410	SH		DFND	1	770,410	0	0
Outfront Media Inc	COM	69007J106	42,346	1,762,208	SH		DFND	1	1,762,208	0	0
Park Hotels & Resorts Inc	COM	700517105	55,621	2,698,751	SH		DFND	1	2,698,751	0	0
Physicians Realty Trust	COM	71943U104	4,778	258,700	SH		DFND	1	258,700	0	0
Prologis Trust	COM	74340W103	643,338	5,382,228	SH		DFND	1	5,382,228	0	0
PS Business Parks Inc/CA	COM	69360J107	3,719	25,112	SH		DFND	1	25,112	0	0
Public Storage Inc	COM	74460D109	139,269	463,165	SH		DFND	1	463,165	0	0
QTS Realty Trust	COM	74736A103	6,018	77,850	SH		DFND	1	77,850	0	0
Radius Global Infrastructure I	COM	750481103	874	60,250	SH		DFND	1	60,250	0	0
Realty Income Corp	COM	756109104	31,163	466,930	SH		DFND	1	466,930	0	0
Regency Centers Corp	COM	758849103	89,829	1,402,042	SH		DFND	1	1,402,042	0	0
Retail Opportunity Investments	COM	76131N101	2,708	153,360	SH		DFND	1	153,360	0	0
Retail Properties of America	COM	76131V202	88,540	7,732,727	SH		DFND	1	7,732,727	0	0
Rexford Industrial Realty	COM	76169C100	105,912	1,859,743	SH		DFND	1	1,859,743	0	0
Ryman Hospitality Properties	COM	78377T107	43,240	547,623	SH		DFND	1	547,623	0	0
Sabra Health Care REIT Inc	COM	78573L106	82,266	4,520,090	SH		DFND	1	4,520,090	0	0
SBA Communications Corp	COM	78410G104	246,629	773,858	SH		DFND	1	773,858	0	0
Seritage Growth Properties	COM	81752R100	7,582	412,083	SH		DFND	1	412,083	0	0
Simon Property Group Inc	COM	828806109	195,126	1,495,447	SH		DFND	1	1,495,447	0	0
SITE Centers Corp	COM	82981J109	19,741	1,310,794	SH		DFND	1	1,310,794	0	0
SL Green Realty Corp	COM	78440X804	6,982	87,273	SH		DFND	1	87,273	0	0
Spirit Realty Capital	COM	84860W300	7,358	153,802	SH		DFND	1	153,802	0	0
STAG Industrial	COM	85254J102	8,201	219,100	SH		DFND	1	219,100	0	0
Store Capital Corp	COM	862121100	59,797	1,732,752	SH		DFND	1	1,732,752	0	0
Sun Communities Inc	COM	866674104	225,745	1,317,063	SH		DFND	1	1,317,063	0	0
Terreno Realty Corp	COM	88146M101	6,224	96,460	SH		DFND	1	96,460	0	0
UDR Inc	COM	902653104	248,089	5,065,103	SH		DFND	1	5,065,103	0	0
Urban Edge Properties	COM	91704F104	2,827	148,000	SH		DFND	1	148,000	0	0
Ventas Inc	COM	92276F100	215,293	3,770,455	SH		DFND	1	3,770,455	0	0
VEREIT Inc	COM	92339V308	117,014	2,547,661	SH		DFND	1	2,547,661	0	0
VICI Properties Inc	COM	925652109	78,887	2,543,110	SH		DFND	1	2,543,110	0	0
Vornado Realty Trust	COM	929042109	6,495	139,164	SH		DFND	1	139,164	0	0
Washington REIT	COM	939653101	2,351	102,200	SH		DFND	1	102,200	0	0
Weingarten Realty Investment T	COM	948741103	5,009	156,200	SH		DFND	1	156,200	0	0
Welltower Inc	COM	95040Q104	383,813	4,618,687	SH		DFND	1	4,618,687	0	0
Weyerhaeuser Co	COM	962166104	18,378	533,923	SH		DFND	1	533,923	0	0
WP Carey Inc	COM	92936U109	16,537	221,619	SH		DFND	1	221,619	0	0
Xenia Hotels & Resorts Inc	COM	984017103	8,944	477,504	SH		DFND	1	477,504	0	0
Acadia Realty Trust	COM	004239109	14,630	666,210	SH		DFND	2	666,210	0	0
Agree Realty Corp	COM	008492100	24,241	343,890	SH		DFND	2	343,890	0	0
Alexandria Real Estate Equitie	COM	015271109	7,787	42,800	SH		DFND	2	42,800	0	0
American Assets Trust	COM	024013104	3,134	84,050	SH		DFND	2	84,050	0	0
American Campus Communities	COM	024835100	29,509	631,620	SH		DFND	2	631,620	0	0
Americold Realty Trust	COM	03064D108	17,926	473,600	SH		DFND	2	473,600	0	0
Apple Hospitality REIT Inc	COM	03784Y200	3,338	218,742	SH		DFND	2	218,742	0	0
Avalon Bay Communities	COM	053484101	37,364	179,040	SH		DFND	2	179,040	0	0
Brandywine Realty Trust	COM	105368203	4,622	337,147	SH		DFND	2	337,147	0	0
Brixmor Property Group Inc	COM	11120U105	21,962	959,476	SH		DFND	2	959,476	0	0
Broadstone Net Lease Inc	COM	11135E203	9,139	390,410	SH		DFND	2	390,410	0	0
Columbia Property Trust	COM	198287203	9,578	550,800	SH		DFND	2	550,800	0	0
Cousins Properties Inc	COM	222795502	20,334	552,858	SH		DFND	2	552,858	0	0
CyrusOne	COM	23283R100	9,120	127,516	SH		DFND	2	127,516	0	0
Digital Realty Trust Inc	COM	253868103	29,664	197,155	SH		DFND	2	197,155	0	0
Diversified Healthcare Trust	COM	25525P107	2,758	659,730	SH		DFND	2	659,730	0	0
Duke Realty Investments Inc	COM	264411505	28,716	606,463	SH		DFND	2	606,463	0	0
Empire State Realty Trust	COM	292104106	3,158	263,147	SH		DFND	2	263,147	0	0
EPR Properties	COM	26884U109	6,979	132,479	SH		DFND	2	132,479	0	0
Equinix Inc	COM	29444U700	81,006	100,930	SH		DFND	2	100,930	0	0
Equity Residential Properties	COM	29476L107	36,819	478,170	SH		DFND	2	478,170	0	0
Essex Property Trust Inc	COM	297178105	20,579	68,593	SH		DFND	2	68,593	0	0
Extra Space Storage Inc	COM	30225T102	25,309	154,490	SH		DFND	2	154,490	0	0
Federal Realty Investment Trus	COM	313747206	3,168	27,040	SH		DFND	2	27,040	0	0
First Industrial Realty Trust	COM	32054K103	12,227	234,108	SH		DFND	2	234,108	0	0
Gaming and Leisure Properties	COM	36467J108	9,593	207,060	SH		DFND	2	207,060	0	0
Healthpeak Properties Inc	COM	42250P103	3,853	115,750	SH		DFND	2	115,750	0	0
Host Hotels & Resorts Inc	COM	44107P104	17,443	1,020,630	SH		DFND	2	1,020,630	0	0
Hudson Pacific Properties	COM	444097109	7,000	251,600	SH		DFND	2	251,600	0	0
Invitation Homes Inc	COM	46187W107	53,947	1,446,690	SH		DFND	2	1,446,690	0	0
JBG Smith Properties	COM	46590V100	17,254	547,583	SH		DFND	2	547,583	0	0
Kilroy Realty Corporation	COM	49427F108	14,711	211,240	SH		DFND	2	211,240	0	0
Life Storage Inc	COM	53223X107	28,639	266,780	SH		DFND	2	266,780	0	0
Medical Properties Trust Inc	COM	58463J304	14,864	739,500	SH		DFND	2	739,500	0	0
MGM Growth Properties LLC	COM	55303A105	7,716	210,710	SH		DFND	2	210,710	0	0
Mid-America Apartment Communit	COM	59522J103	10,378	61,620	SH		DFND	2	61,620	0	0
Omega Healthcare Investors Inc	COM	681936100	6,619	182,390	SH		DFND	2	182,390	0	0
Outfront Media Inc	COM	69007J106	7,793	324,300	SH		DFND	2	324,300	0	0
Park Hotels & Resorts Inc	COM	700517105	9,521	461,960	SH		DFND	2	461,960	0	0
Prologis Trust	COM	74340W103	74,712	625,050	SH		DFND	2	625,050	0	0
Public Storage Inc	COM	74460D109	21,424	71,250	SH		DFND	2	71,250	0	0
Regency Centers Corp	COM	758849103	12,802	199,810	SH		DFND	2	199,810	0	0
Retail Properties of America	COM	76131V202	11,716	1,023,246	SH		DFND	2	1,023,246	0	0
Rexford Industrial Realty	COM	76169C100	14,335	251,710	SH		DFND	2	251,710	0	0
Ryman Hospitality Properties	COM	78377T107	7,286	92,272	SH		DFND	2	92,272	0	0
Sabra Health Care REIT Inc	COM	78573L106	13,765	756,294	SH		DFND	2	756,294	0	0
SBA Communications Corp	COM	78410G104	24,723	77,573	SH		DFND	2	77,573	0	0
Simon Property Group Inc	COM	828806109	24,967	191,350	SH		DFND	2	191,350	0	0
SITE Centers Corp	COM	82981J109	4,366	289,880	SH		DFND	2	289,880	0	0
Store Capital Corp	COM	862121100	14,871	430,930	SH		DFND	2	430,930	0	0
Sun Communities Inc	COM	866674104	28,638	167,080	SH		DFND	2	167,080	0	0
UDR Inc	COM	902653104	31,917	651,630	SH		DFND	2	651,630	0	0
Ventas Inc	COM	92276F100	33,005	578,019	SH		DFND	2	578,019	0	0
VEREIT Inc	COM	92339V308	17,492	380,840	SH		DFND	2	380,840	0	0
VICI Properties Inc	COM	925652109	14,984	483,030	SH		DFND	2	483,030	0	0
Welltower Inc	COM	95040Q104	50,823	611,590	SH		DFND	2	611,590	0	0
Xenia Hotels & Resorts Inc	COM	984017103	1,737	92,765	SH		DFND	2	92,765	0	0
Acadia Realty Trust	COM	004239109	3,405	155,050	SH		DFND	3	155,050	0	0
Agree Realty Corp	COM	008492100	8,059	114,330	SH		DFND	3	114,330	0	0
American Assets Trust	COM	024013104	588	15,760	SH		DFND	3	15,760	0	0
American Campus Communities	COM	024835100	9,716	207,960	SH		DFND	3	207,960	0	0
American Tower Corp	COM	03027X100	10,117	37,450	SH		DFND	3	37,450	0	0
Americold Realty Trust	COM	03064D108	5,054	133,520	SH		DFND	3	133,520	0	0
Apple Hospitality REIT Inc	COM	03784Y200	266	17,439	SH		DFND	3	17,439	0	0
Avalon Bay Communities	COM	053484101	10,086	48,330	SH		DFND	3	48,330	0	0
Brandywine Realty Trust	COM	105368203	450	32,807	SH		DFND	3	32,807	0	0
Brixmor Property Group Inc	COM	11120U105	6,251	273,089	SH		DFND	3	273,089	0	0
Broadstone Net Lease Inc	COM	11135E203	2,937	125,440	SH		DFND	3	125,440	0	0
Columbia Property Trust	COM	198287203	3,056	175,710	SH		DFND	3	175,710	0	0
Cousins Properties Inc	COM	222795502	5,768	156,830	SH		DFND	3	156,830	0	0
Crown Castle Intl Corp	COM	22822V101	5,556	28,480	SH		DFND	3	28,480	0	0
CyrusOne	COM	23283R100	902	12,607	SH		DFND	3	12,607	0	0
Digital Realty Trust Inc	COM	253868103	6,102	40,557	SH		DFND	3	40,557	0	0
Diversified Healthcare Trust	COM	25525P107	1,130	270,450	SH		DFND	3	270,450	0	0
Duke Realty Investments Inc	COM	264411505	2,647	55,897	SH		DFND	3	55,897	0	0
EPR Properties	COM	26884U109	1,242	23,573	SH		DFND	3	23,573	0	0
Equinix Inc	COM	29444U700	15,178	18,911	SH		DFND	3	18,911	0	0
Equity Residential Properties	COM	29476L107	9,447	122,690	SH		DFND	3	122,690	0	0
Essex Property Trust Inc	COM	297178105	5,670	18,900	SH		DFND	3	18,900	0	0
Extra Space Storage Inc	COM	30225T102	5,896	35,990	SH		DFND	3	35,990	0	0
First Industrial Realty Trust	COM	32054K103	2,878	55,104	SH		DFND	3	55,104	0	0
Gaming and Leisure Properties	COM	36467J108	675	14,580	SH		DFND	3	14,580	0	0
Healthpeak Properties Inc	COM	42250P103	747	22,450	SH		DFND	3	22,450	0	0
Host Hotels & Resorts Inc	COM	44107P104	5,192	303,801	SH		DFND	3	303,801	0	0
Hudson Pacific Properties	COM	444097109	1,790	64,340	SH		DFND	3	64,340	0	0
Invitation Homes Inc	COM	46187W107	16,747	449,110	SH		DFND	3	449,110	0	0
JBG Smith Properties	COM	46590V100	5,212	165,410	SH		DFND	3	165,410	0	0
Kilroy Realty Corporation	COM	49427F108	4,268	61,290	SH		DFND	3	61,290	0	0
Life Storage Inc	COM	53223X107	11,904	110,890	SH		DFND	3	110,890	0	0
Medical Properties Trust Inc	COM	58463J304	3,620	180,110	SH		DFND	3	180,110	0	0
MGM Growth Properties LLC	COM	55303A105	2,682	73,240	SH		DFND	3	73,240	0	0
Mid-America Apartment Communit	COM	59522J103	1,056	6,270	SH		DFND	3	6,270	0	0
NetSTREIT Corp	COM	64119V303	1,226	53,160	SH		DFND	3	53,160	0	0
Omega Healthcare Investors Inc	COM	681936100	659	18,160	SH		DFND	3	18,160	0	0
Outfront Media Inc	COM	69007J106	793	32,990	SH		DFND	3	32,990	0	0
Park Hotels & Resorts Inc	COM	700517105	3,251	157,733	SH		DFND	3	157,733	0	0
Prologis Trust	COM	74340W103	22,475	188,030	SH		DFND	3	188,030	0	0
Regency Centers Corp	COM	758849103	3,224	50,322	SH		DFND	3	50,322	0	0
Retail Properties of America	COM	76131V202	4,372	381,810	SH		DFND	3	381,810	0	0
Rexford Industrial Realty	COM	76169C100	4,787	84,050	SH		DFND	3	84,050	0	0
Ryman Hospitality Properties	COM	78377T107	793	10,040	SH		DFND	3	10,040	0	0
Sabra Health Care REIT Inc	COM	78573L106	4,297	236,124	SH		DFND	3	236,124	0	0
SBA Communications Corp	COM	78410G104	11,588	36,360	SH		DFND	3	36,360	0	0
Simon Property Group Inc	COM	828806109	5,754	44,100	SH		DFND	3	44,100	0	0
SITE Centers Corp	COM	82981J109	475	31,520	SH		DFND	3	31,520	0	0
Sun Communities Inc	COM	866674104	7,764	45,300	SH		DFND	3	45,300	0	0
UDR Inc	COM	902653104	8,522	173,980	SH		DFND	3	173,980	0	0
Ventas Inc	COM	92276F100	9,387	164,400	SH		DFND	3	164,400	0	0
VEREIT Inc	COM	92339V308	3,819	83,140	SH		DFND	3	83,140	0	0
VICI Properties Inc	COM	925652109	1,388	44,750	SH		DFND	3	44,750	0	0
Welltower Inc	COM	95040Q104	14,602	175,710	SH		DFND	3	175,710	0	0
Weyerhaeuser Co	COM	962166104	2,795	81,210	SH		DFND	3	81,210	0	0
Acadia Realty Trust	COM	004239109	3,177	144,650	SH		DFND	4	144,650	0	0
Agree Realty Corp	COM	008492100	9,028	128,080	SH		DFND	4	128,080	0	0
American Campus Communities	COM	024835100	12,083	258,620	SH		DFND	4	258,620	0	0
Americold Realty Trust	COM	03064D108	5,852	154,610	SH		DFND	4	154,610	0	0
Avalon Bay Communities	COM	053484101	11,872	56,890	SH		DFND	4	56,890	0	0
Brixmor Property Group Inc	COM	11120U105	7,320	319,797	SH		DFND	4	319,797	0	0
Broadstone Net Lease Inc	COM	11135E203	3,370	143,950	SH		DFND	4	143,950	0	0
Columbia Property Trust	COM	198287203	3,558	204,580	SH		DFND	4	204,580	0	0
Cousins Properties Inc	COM	222795502	6,690	181,880	SH		DFND	4	181,880	0	0
Digital Realty Trust Inc	COM	253868103	7,284	48,410	SH		DFND	4	48,410	0	0
Diversified Healthcare Trust	COM	25525P107	1,597	382,160	SH		DFND	4	382,160	0	0
EPR Properties	COM	26884U109	1,505	28,564	SH		DFND	4	28,564	0	0
Equinix Inc	COM	29444U700	12,296	15,320	SH		DFND	4	15,320	0	0
Equity Residential Properties	COM	29476L107	11,098	144,130	SH		DFND	4	144,130	0	0
Essex Property Trust Inc	COM	297178105	6,288	20,960	SH		DFND	4	20,960	0	0
Extra Space Storage Inc	COM	30225T102	6,812	41,580	SH		DFND	4	41,580	0	0
First Industrial Realty Trust	COM	32054K103	3,444	65,940	SH		DFND	4	65,940	0	0
Host Hotels & Resorts Inc	COM	44107P104	6,739	394,326	SH		DFND	4	394,326	0	0
Hudson Pacific Properties	COM	444097109	2,087	75,000	SH		DFND	4	75,000	0	0
Invitation Homes Inc	COM	46187W107	19,334	518,470	SH		DFND	4	518,470	0	0
JBG Smith Properties	COM	46590V100	6,244	198,173	SH		DFND	4	198,173	0	0
Kilroy Realty Corporation	COM	49427F108	4,756	68,290	SH		DFND	4	68,290	0	0
Life Storage Inc	COM	53223X107	12,937	120,510	SH		DFND	4	120,510	0	0
Medical Properties Trust Inc	COM	58463J304	3,894	193,750	SH		DFND	4	193,750	0	0
MGM Growth Properties LLC	COM	55303A105	3,084	84,220	SH		DFND	4	84,220	0	0
Park Hotels & Resorts Inc	COM	700517105	3,949	191,590	SH		DFND	4	191,590	0	0
Prologis Trust	COM	74340W103	26,537	222,010	SH		DFND	4	222,010	0	0
Regency Centers Corp	COM	758849103	3,853	60,136	SH		DFND	4	60,136	0	0
Retail Properties of America	COM	76131V202	5,194	453,630	SH		DFND	4	453,630	0	0
Rexford Industrial Realty	COM	76169C100	5,443	95,576	SH		DFND	4	95,576	0	0
Sabra Health Care REIT Inc	COM	78573L106	5,388	296,039	SH		DFND	4	296,039	0	0
SBA Communications Corp	COM	78410G104	9,851	30,910	SH		DFND	4	30,910	0	0
Simon Property Group Inc	COM	828806109	6,918	53,020	SH		DFND	4	53,020	0	0
Sun Communities Inc	COM	866674104	7,950	46,380	SH		DFND	4	46,380	0	0
UDR Inc	COM	902653104	9,286	189,590	SH		DFND	4	189,590	0	0
Ventas Inc	COM	92276F100	10,969	192,110	SH		DFND	4	192,110	0	0
VEREIT Inc	COM	92339V308	5,608	122,090	SH		DFND	4	122,090	0	0
Welltower Inc	COM	95040Q104	16,583	199,550	SH		DFND	4	199,550	0	0