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	3,881	68,548	SH		DFND	1	68,548	0	0
Acadia Realty Trust	COM	004239109	94,768	4,643,201	SH		DFND	1	4,643,201	0	0
Agree Realty Corp	COM	008492100	162,706	2,456,688	SH		DFND	1	2,456,688	0	0
Alexandria Real Estate Equitie	COM	015271109	41,226	215,764	SH		DFND	1	215,764	0	0
American Assets Trust	COM	024013104	2,329	62,242	SH		DFND	1	62,242	0	0
American Campus Communities	COM	024835100	202,434	4,178,209	SH		DFND	1	4,178,209	0	0
American Homes 4 Rent	COM	02665T306	22,188	582,064	SH		DFND	1	582,064	0	0
American Tower Corp	COM	03027X100	144,286	543,636	SH		DFND	1	543,636	0	0
Americold Realty Trust	COM	03064D108	83,313	2,867,930	SH		DFND	1	2,867,930	0	0
Apartment Income REIT Corp	COM	03750L109	7,559	154,876	SH		DFND	1	154,876	0	0
Apartment Investment and Manag	COM	03748R747	1,061	154,828	SH		DFND	1	154,828	0	0
Apple Hospitality REIT Inc	COM	03784Y200	15,004	953,845	SH		DFND	1	953,845	0	0
Armada Hoffler Properties	COM	04208T108	874	65,400	SH		DFND	1	65,400	0	0
Avalon Bay Communities	COM	053484101	265,998	1,200,137	SH		DFND	1	1,200,137	0	0
Boston Properties	COM	101121101	19,420	179,234	SH		DFND	1	179,234	0	0
Brandywine Realty Trust	COM	105368203	26,905	2,004,823	SH		DFND	1	2,004,823	0	0
Brixmor Property Group Inc	COM	11120U105	202,894	9,176,592	SH		DFND	1	9,176,592	0	0
Broadstone Net Lease Inc	COM	11135E203	26,946	1,086,086	SH		DFND	1	1,086,086	0	0
Camden Property Trust	COM	133131102	17,611	119,422	SH		DFND	1	119,422	0	0
Columbia Property Trust	COM	198287203	3,138	165,000	SH		DFND	1	165,000	0	0
Coresite Realty Corp	COM	21870Q105	1,385	10,000	SH		DFND	1	10,000	0	0
Corporate Office Properties Tr	COM	22002T108	6,912	256,200	SH		DFND	1	256,200	0	0
Cousins Properties Inc	COM	222795502	106,782	2,863,566	SH		DFND	1	2,863,566	0	0
Crown Castle Intl Corp	COM	22822V101	78,372	452,180	SH		DFND	1	452,180	0	0
Cubesmart	COM	229663109	11,856	244,705	SH		DFND	1	244,705	0	0
CyrusOne	COM	23283R100	16,801	217,045	SH		DFND	1	217,045	0	0
Digital Realty Trust Inc	COM	253868103	249,669	1,728,408	SH		DFND	1	1,728,408	0	0
Diversified Healthcare Trust	COM	25525P107	17,133	5,053,980	SH		DFND	1	5,053,980	0	0
Douglas Emmett Inc	COM	25960P109	7,448	235,620	SH		DFND	1	235,620	0	0
Duke Realty Investments Inc	COM	264411505	194,569	4,064,539	SH		DFND	1	4,064,539	0	0
EastGroup Properties Inc	COM	277276101	8,237	49,431	SH		DFND	1	49,431	0	0
Empire State Realty Trust	COM	292104106	22,510	2,244,301	SH		DFND	1	2,244,301	0	0
EPR Properties	COM	26884U109	29,151	590,333	SH		DFND	1	590,333	0	0
Equinix Inc	COM	29444U700	507,998	642,930	SH		DFND	1	642,930	0	0
Equity Lifestyle Properties	COM	29472R108	22,982	294,270	SH		DFND	1	294,270	0	0
Equity Residential Properties	COM	29476L107	294,455	3,638,845	SH		DFND	1	3,638,845	0	0
Essex Property Trust Inc	COM	297178105	136,288	426,246	SH		DFND	1	426,246	0	0
Extra Space Storage Inc	COM	30225T102	132,653	789,648	SH		DFND	1	789,648	0	0
Federal Realty Investment Trus	COM	313747206	10,702	90,705	SH		DFND	1	90,705	0	0
First Industrial Realty Trust	COM	32054K103	75,645	1,452,468	SH		DFND	1	1,452,468	0	0
Four Corners Property Trust	COM	35086T109	7,715	287,244	SH		DFND	1	287,244	0	0
Gaming and Leisure Properties	COM	36467J108	30,709	662,977	SH		DFND	1	662,977	0	0
Healthcare Realty Trust	COM	421946104	5,053	169,688	SH		DFND	1	169,688	0	0
Healthcare Trust of America	COM	42225P501	8,234	277,622	SH		DFND	1	277,622	0	0
Healthpeak Properties Inc	COM	42250P103	78,704	2,350,778	SH		DFND	1	2,350,778	0	0
Highwoods Properties Inc	COM	431284108	7,116	162,253	SH		DFND	1	162,253	0	0
Host Hotels & Resorts Inc	COM	44107P104	124,139	7,601,907	SH		DFND	1	7,601,907	0	0
Hudson Pacific Properties	COM	444097109	65,079	2,477,294	SH		DFND	1	2,477,294	0	0
Independence Realty Trust Inc	COM	45378A106	27,291	1,341,102	SH		DFND	1	1,341,102	0	0
Invitation Homes Inc	COM	46187W107	398,864	10,406,062	SH		DFND	1	10,406,062	0	0
JBG Smith Properties	COM	46590V100	100,096	3,380,476	SH		DFND	1	3,380,476	0	0
Kilroy Realty Corporation	COM	49427F108	132,867	2,006,752	SH		DFND	1	2,006,752	0	0
Kimco Realty Corp	COM	49446R109	17,978	866,388	SH		DFND	1	866,388	0	0
Kite Realty Group Trust	COM	49803T300	2,227	109,400	SH		DFND	1	109,400	0	0
Lexington Realty Trust	COM	529043101	4,284	336,000	SH		DFND	1	336,000	0	0
Life Storage Inc	COM	53223X107	230,961	2,012,911	SH		DFND	1	2,012,911	0	0
Medical Properties Trust Inc	COM	58463J304	151,016	7,524,483	SH		DFND	1	7,524,483	0	0
MGM Growth Properties LLC	COM	55303A105	99,444	2,596,461	SH		DFND	1	2,596,461	0	0
Mid-America Apartment Communit	COM	59522J103	80,489	431,000	SH		DFND	1	431,000	0	0
National Retail Properties	COM	637417106	7,314	169,355	SH		DFND	1	169,355	0	0
National Storage Affiliates Tr	COM	637870106	4,003	75,830	SH		DFND	1	75,830	0	0
NetSTREIT Corp	COM	64119V303	6,596	278,890	SH		DFND	1	278,890	0	0
NEXTERA ENERGY INC	COM	65339F101	3,023	38,500	SH		DFND	1	38,500	0	0
Omega Healthcare Investors Inc	COM	681936100	14,848	495,581	SH		DFND	1	495,581	0	0
Outfront Media Inc	COM	69007J106	38,052	1,510,018	SH		DFND	1	1,510,018	0	0
Paramount Group Inc	COM	69924R108	6,720	747,504	SH		DFND	1	747,504	0	0
Park Hotels & Resorts Inc	COM	700517105	62,139	3,246,571	SH		DFND	1	3,246,571	0	0
Phillips Edison & Company Inc	COM	71844V201	31,747	1,033,763	SH		DFND	1	1,033,763	0	0
Physicians Realty Trust	COM	71943U104	4,558	258,700	SH		DFND	1	258,700	0	0
Piedmont Office Realty Trust I	COM	720190206	517	29,676	SH		DFND	1	29,676	0	0
Prologis Trust	COM	74340W103	659,176	5,255,331	SH		DFND	1	5,255,331	0	0
PS Business Parks Inc/CA	COM	69360J107	3,934	25,100	SH		DFND	1	25,100	0	0
Public Storage Inc	COM	74460D109	228,704	769,789	SH		DFND	1	769,789	0	0
Radius Global Infrastructure I	COM	750481103	1,837	112,500	SH		DFND	1	112,500	0	0
Realty Income Corp	COM	756109104	30,334	467,691	SH		DFND	1	467,691	0	0
Regency Centers Corp	COM	758849103	17,479	259,602	SH		DFND	1	259,602	0	0
Retail Opportunity Investments	COM	76131N101	17,273	991,579	SH		DFND	1	991,579	0	0
Retail Properties of America	COM	76131V202	79,562	6,177,153	SH		DFND	1	6,177,153	0	0
Rexford Industrial Realty	COM	76169C100	143,348	2,525,963	SH		DFND	1	2,525,963	0	0
RPT Realty	COM	74971D101	33,004	2,586,544	SH		DFND	1	2,586,544	0	0
Sabra Health Care REIT Inc	COM	78573L106	68,536	4,655,981	SH		DFND	1	4,655,981	0	0
SBA Communications Corp	COM	78410G104	192,278	581,656	SH		DFND	1	581,656	0	0
Seritage Growth Properties	COM	81752R100	5,859	395,083	SH		DFND	1	395,083	0	0
Simon Property Group Inc	COM	828806109	237,727	1,829,089	SH		DFND	1	1,829,089	0	0
SITE Centers Corp	COM	82981J109	242	15,661	SH		DFND	1	15,661	0	0
SL Green Realty Corp	COM	78440X804	53,231	751,423	SH		DFND	1	751,423	0	0
Spirit Realty Capital	COM	84860W300	7,511	163,140	SH		DFND	1	163,140	0	0
STAG Industrial	COM	85254J102	8,602	219,155	SH		DFND	1	219,155	0	0
Store Capital Corp	COM	862121100	55,468	1,731,755	SH		DFND	1	1,731,755	0	0
Sun Communities Inc	COM	866674104	248,834	1,344,321	SH		DFND	1	1,344,321	0	0
Terreno Realty Corp	COM	88146M101	6,361	100,600	SH		DFND	1	100,600	0	0
UDR Inc	COM	902653104	251,340	4,744,055	SH		DFND	1	4,744,055	0	0
Urban Edge Properties	COM	91704F104	2,712	148,090	SH		DFND	1	148,090	0	0
Ventas Inc	COM	92276F100	234,357	4,244,823	SH		DFND	1	4,244,823	0	0
VEREIT Inc	COM	92339V308	79,208	1,751,228	SH		DFND	1	1,751,228	0	0
VICI Properties Inc	COM	925652109	110,735	3,897,759	SH		DFND	1	3,897,759	0	0
Vornado Realty Trust	COM	929042109	5,839	139,000	SH		DFND	1	139,000	0	0
Washington REIT	COM	939653101	2,529	102,200	SH		DFND	1	102,200	0	0
Welltower Inc	COM	95040Q104	268,746	3,261,475	SH		DFND	1	3,261,475	0	0
Weyerhaeuser Co	COM	962166104	20,421	574,100	SH		DFND	1	574,100	0	0
WP Carey Inc	COM	92936U109	16,628	227,660	SH		DFND	1	227,660	0	0
Xenia Hotels & Resorts Inc	COM	984017103	61,358	3,458,729	SH		DFND	1	3,458,729	0	0
Acadia Realty Trust	COM	004239109	13,789	675,580	SH		DFND	2	675,580	0	0
Agree Realty Corp	COM	008492100	21,002	317,110	SH		DFND	2	317,110	0	0
American Campus Communities	COM	024835100	26,020	537,046	SH		DFND	2	537,046	0	0
Americold Realty Trust	COM	03064D108	12,809	440,925	SH		DFND	2	440,925	0	0
Apple Hospitality REIT Inc	COM	03784Y200	2,736	173,925	SH		DFND	2	173,925	0	0
Avalon Bay Communities	COM	053484101	37,134	167,540	SH		DFND	2	167,540	0	0
Brandywine Realty Trust	COM	105368203	5,233	389,934	SH		DFND	2	389,934	0	0
Brixmor Property Group Inc	COM	11120U105	28,856	1,305,130	SH		DFND	2	1,305,130	0	0
Broadstone Net Lease Inc	COM	11135E203	3,319	133,759	SH		DFND	2	133,759	0	0
Cousins Properties Inc	COM	222795502	13,653	366,140	SH		DFND	2	366,140	0	0
Digital Realty Trust Inc	COM	253868103	30,171	208,870	SH		DFND	2	208,870	0	0
Diversified Healthcare Trust	COM	25525P107	2,639	778,500	SH		DFND	2	778,500	0	0
Duke Realty Investments Inc	COM	264411505	27,242	569,090	SH		DFND	2	569,090	0	0
Empire State Realty Trust	COM	292104106	4,446	443,230	SH		DFND	2	443,230	0	0
EPR Properties	COM	26884U109	4,331	87,710	SH		DFND	2	87,710	0	0
Equinix Inc	COM	29444U700	73,285	92,750	SH		DFND	2	92,750	0	0
Equity Residential Properties	COM	29476L107	37,939	468,840	SH		DFND	2	468,840	0	0
Essex Property Trust Inc	COM	297178105	16,852	52,704	SH		DFND	2	52,704	0	0
Extra Space Storage Inc	COM	30225T102	18,780	111,790	SH		DFND	2	111,790	0	0
First Industrial Realty Trust	COM	32054K103	11,591	222,567	SH		DFND	2	222,567	0	0
Four Corners Property Trust	COM	35086T109	4,050	150,790	SH		DFND	2	150,790	0	0
Gaming and Leisure Properties	COM	36467J108	6,822	147,287	SH		DFND	2	147,287	0	0
Healthpeak Properties Inc	COM	42250P103	6,302	188,230	SH		DFND	2	188,230	0	0
Host Hotels & Resorts Inc	COM	44107P104	17,769	1,088,130	SH		DFND	2	1,088,130	0	0
Hudson Pacific Properties	COM	444097109	9,349	355,890	SH		DFND	2	355,890	0	0
Independence Realty Trust Inc	COM	45378A106	3,904	191,859	SH		DFND	2	191,859	0	0
Invitation Homes Inc	COM	46187W107	48,974	1,277,700	SH		DFND	2	1,277,700	0	0
JBG Smith Properties	COM	46590V100	13,183	445,210	SH		DFND	2	445,210	0	0
Kilroy Realty Corporation	COM	49427F108	15,005	226,620	SH		DFND	2	226,620	0	0
Life Storage Inc	COM	53223X107	27,479	239,490	SH		DFND	2	239,490	0	0
Medical Properties Trust Inc	COM	58463J304	20,533	1,023,050	SH		DFND	2	1,023,050	0	0
MGM Growth Properties LLC	COM	55303A105	13,593	354,910	SH		DFND	2	354,910	0	0
Mid-America Apartment Communit	COM	59522J103	11,353	60,790	SH		DFND	2	60,790	0	0
Omega Healthcare Investors Inc	COM	681936100	3,160	105,462	SH		DFND	2	105,462	0	0
Outfront Media Inc	COM	69007J106	7,106	281,970	SH		DFND	2	281,970	0	0
Park Hotels & Resorts Inc	COM	700517105	8,198	428,328	SH		DFND	2	428,328	0	0
Phillips Edison & Company Inc	COM	71844V201	6,308	205,390	SH		DFND	2	205,390	0	0
Prologis Trust	COM	74340W103	73,344	584,740	SH		DFND	2	584,740	0	0
Public Storage Inc	COM	74460D109	31,415	105,740	SH		DFND	2	105,740	0	0
Retail Opportunity Investments	COM	76131N101	4,115	236,213	SH		DFND	2	236,213	0	0
Retail Properties of America	COM	76131V202	9,418	731,188	SH		DFND	2	731,188	0	0
Rexford Industrial Realty	COM	76169C100	20,071	353,670	SH		DFND	2	353,670	0	0
RPT Realty	COM	74971D101	7,314	573,193	SH		DFND	2	573,193	0	0
Sabra Health Care REIT Inc	COM	78573L106	10,523	714,900	SH		DFND	2	714,900	0	0
SBA Communications Corp	COM	78410G104	19,685	59,550	SH		DFND	2	59,550	0	0
Simon Property Group Inc	COM	828806109	29,577	227,570	SH		DFND	2	227,570	0	0
SL Green Realty Corp	COM	78440X804	7,617	107,520	SH		DFND	2	107,520	0	0
Store Capital Corp	COM	862121100	12,401	387,180	SH		DFND	2	387,180	0	0
Sun Communities Inc	COM	866674104	30,234	163,340	SH		DFND	2	163,340	0	0
UDR Inc	COM	902653104	30,816	581,660	SH		DFND	2	581,660	0	0
Ventas Inc	COM	92276F100	32,167	582,621	SH		DFND	2	582,621	0	0
VEREIT Inc	COM	92339V308	12,069	266,846	SH		DFND	2	266,846	0	0
VICI Properties Inc	COM	925652109	19,227	676,762	SH		DFND	2	676,762	0	0
Welltower Inc	COM	95040Q104	30,270	367,360	SH		DFND	2	367,360	0	0
Xenia Hotels & Resorts Inc	COM	984017103	10,544	594,335	SH		DFND	2	594,335	0	0
Acadia Realty Trust	COM	004239109	4,400	215,570	SH		DFND	3	215,570	0	0
Agree Realty Corp	COM	008492100	7,254	109,530	SH		DFND	3	109,530	0	0
American Campus Communities	COM	024835100	9,062	187,030	SH		DFND	3	187,030	0	0
American Tower Corp	COM	03027X100	9,459	35,640	SH		DFND	3	35,640	0	0
Americold Realty Trust	COM	03064D108	3,637	125,208	SH		DFND	3	125,208	0	0
Apple Hospitality REIT Inc	COM	03784Y200	199	12,657	SH		DFND	3	12,657	0	0
Avalon Bay Communities	COM	053484101	10,747	48,490	SH		DFND	3	48,490	0	0
Brandywine Realty Trust	COM	105368203	465	34,680	SH		DFND	3	34,680	0	0
Brixmor Property Group Inc	COM	11120U105	8,509	384,870	SH		DFND	3	384,870	0	0
Broadstone Net Lease Inc	COM	11135E203	1,246	50,226	SH		DFND	3	50,226	0	0
Cousins Properties Inc	COM	222795502	3,553	95,290	SH		DFND	3	95,290	0	0
Crown Castle Intl Corp	COM	22822V101	5,099	29,420	SH		DFND	3	29,420	0	0
Digital Realty Trust Inc	COM	253868103	5,993	41,490	SH		DFND	3	41,490	0	0
Diversified Healthcare Trust	COM	25525P107	978	288,620	SH		DFND	3	288,620	0	0
Duke Realty Investments Inc	COM	264411505	2,269	47,397	SH		DFND	3	47,397	0	0
Empire State Realty Trust	COM	292104106	376	37,450	SH		DFND	3	37,450	0	0
EPR Properties	COM	26884U109	1,207	24,434	SH		DFND	3	24,434	0	0
Equinix Inc	COM	29444U700	17,850	22,591	SH		DFND	3	22,591	0	0
Equity Residential Properties	COM	29476L107	10,835	133,900	SH		DFND	3	133,900	0	0
Essex Property Trust Inc	COM	297178105	4,272	13,361	SH		DFND	3	13,361	0	0
Extra Space Storage Inc	COM	30225T102	1,401	8,340	SH		DFND	3	8,340	0	0
First Industrial Realty Trust	COM	32054K103	2,668	51,224	SH		DFND	3	51,224	0	0
Four Corners Property Trust	COM	35086T109	532	19,800	SH		DFND	3	19,800	0	0
Gaming and Leisure Properties	COM	36467J108	449	9,701	SH		DFND	3	9,701	0	0
Healthpeak Properties Inc	COM	42250P103	1,152	34,400	SH		DFND	3	34,400	0	0
Host Hotels & Resorts Inc	COM	44107P104	5,336	326,741	SH		DFND	3	326,741	0	0
Hudson Pacific Properties	COM	444097109	2,582	98,300	SH		DFND	3	98,300	0	0
Independence Realty Trust Inc	COM	45378A106	446	21,899	SH		DFND	3	21,899	0	0
Invitation Homes Inc	COM	46187W107	15,946	416,008	SH		DFND	3	416,008	0	0
JBG Smith Properties	COM	46590V100	4,100	138,460	SH		DFND	3	138,460	0	0
Kilroy Realty Corporation	COM	49427F108	4,390	66,298	SH		DFND	3	66,298	0	0
Life Storage Inc	COM	53223X107	10,887	94,880	SH		DFND	3	94,880	0	0
Medical Properties Trust Inc	COM	58463J304	6,353	316,520	SH		DFND	3	316,520	0	0
MGM Growth Properties LLC	COM	55303A105	3,436	89,720	SH		DFND	3	89,720	0	0
Mid-America Apartment Communit	COM	59522J103	1,036	5,550	SH		DFND	3	5,550	0	0
NetSTREIT Corp	COM	64119V303	782	33,070	SH		DFND	3	33,070	0	0
Omega Healthcare Investors Inc	COM	681936100	278	9,271	SH		DFND	3	9,271	0	0
Outfront Media Inc	COM	69007J106	681	27,040	SH		DFND	3	27,040	0	0
Paramount Group Inc	COM	69924R108	878	97,611	SH		DFND	3	97,611	0	0
Park Hotels & Resorts Inc	COM	700517105	3,000	156,759	SH		DFND	3	156,759	0	0
Phillips Edison & Company Inc	COM	71844V201	775	25,230	SH		DFND	3	25,230	0	0
Prologis Trust	COM	74340W103	22,490	179,300	SH		DFND	3	179,300	0	0
Public Storage Inc	COM	74460D109	6,821	22,960	SH		DFND	3	22,960	0	0
Retail Properties of America	COM	76131V202	3,900	302,776	SH		DFND	3	302,776	0	0
Rexford Industrial Realty	COM	76169C100	6,421	113,140	SH		DFND	3	113,140	0	0
RPT Realty	COM	74971D101	696	54,523	SH		DFND	3	54,523	0	0
Sabra Health Care REIT Inc	COM	78573L106	3,524	239,430	SH		DFND	3	239,430	0	0
SBA Communications Corp	COM	78410G104	7,376	22,312	SH		DFND	3	22,312	0	0
Simon Property Group Inc	COM	828806109	6,874	52,890	SH		DFND	3	52,890	0	0
SL Green Realty Corp	COM	78440X804	2,205	31,120	SH		DFND	3	31,120	0	0
Sun Communities Inc	COM	866674104	8,465	45,730	SH		DFND	3	45,730	0	0
UDR Inc	COM	902653104	8,414	158,810	SH		DFND	3	158,810	0	0
Ventas Inc	COM	92276F100	9,498	172,038	SH		DFND	3	172,038	0	0
VEREIT Inc	COM	92339V308	2,368	52,346	SH		DFND	3	52,346	0	0
VICI Properties Inc	COM	925652109	4,113	144,773	SH		DFND	3	144,773	0	0
Welltower Inc	COM	95040Q104	8,558	103,860	SH		DFND	3	103,860	0	0
Weyerhaeuser Co	COM	962166104	2,568	72,190	SH		DFND	3	72,190	0	0
Xenia Hotels & Resorts Inc	COM	984017103	2,241	126,308	SH		DFND	3	126,308	0	0
Acadia Realty Trust	COM	004239109	5,291	259,240	SH		DFND	4	259,240	0	0
Agree Realty Corp	COM	008492100	8,291	125,180	SH		DFND	4	125,180	0	0
American Campus Communities	COM	024835100	11,602	239,463	SH		DFND	4	239,463	0	0
Americold Realty Trust	COM	03064D108	4,527	155,840	SH		DFND	4	155,840	0	0
Avalon Bay Communities	COM	053484101	12,981	58,570	SH		DFND	4	58,570	0	0
Brixmor Property Group Inc	COM	11120U105	10,707	484,280	SH		DFND	4	484,280	0	0
Broadstone Net Lease Inc	COM	11135E203	1,526	61,503	SH		DFND	4	61,503	0	0
Cousins Properties Inc	COM	222795502	4,155	111,430	SH		DFND	4	111,430	0	0
Digital Realty Trust Inc	COM	253868103	7,721	53,454	SH		DFND	4	53,454	0	0
Diversified Healthcare Trust	COM	25525P107	1,316	388,060	SH		DFND	4	388,060	0	0
EPR Properties	COM	26884U109	1,391	28,164	SH		DFND	4	28,164	0	0
Equinix Inc	COM	29444U700	18,307	23,170	SH		DFND	4	23,170	0	0
Equity Residential Properties	COM	29476L107	13,275	164,050	SH		DFND	4	164,050	0	0
Essex Property Trust Inc	COM	297178105	4,207	13,158	SH		DFND	4	13,158	0	0
First Industrial Realty Trust	COM	32054K103	3,199	61,423	SH		DFND	4	61,423	0	0
Host Hotels & Resorts Inc	COM	44107P104	6,574	402,576	SH		DFND	4	402,576	0	0
Hudson Pacific Properties	COM	444097109	3,357	127,800	SH		DFND	4	127,800	0	0
Invitation Homes Inc	COM	46187W107	18,676	487,237	SH		DFND	4	487,237	0	0
JBG Smith Properties	COM	46590V100	5,103	172,330	SH		DFND	4	172,330	0	0
Kilroy Realty Corporation	COM	49427F108	5,176	78,176	SH		DFND	4	78,176	0	0
Life Storage Inc	COM	53223X107	13,596	118,490	SH		DFND	4	118,490	0	0
Medical Properties Trust Inc	COM	58463J304	7,788	388,040	SH		DFND	4	388,040	0	0
MGM Growth Properties LLC	COM	55303A105	3,538	92,370	SH		DFND	4	92,370	0	0
Paramount Group Inc	COM	69924R108	1,463	162,683	SH		DFND	4	162,683	0	0
Park Hotels & Resorts Inc	COM	700517105	3,650	190,689	SH		DFND	4	190,689	0	0
Prologis Trust	COM	74340W103	26,823	213,850	SH		DFND	4	213,850	0	0
Public Storage Inc	COM	74460D109	8,473	28,520	SH		DFND	4	28,520	0	0
Retail Properties of America	COM	76131V202	4,963	385,340	SH		DFND	4	385,340	0	0
Rexford Industrial Realty	COM	76169C100	7,692	135,540	SH		DFND	4	135,540	0	0
Sabra Health Care REIT Inc	COM	78573L106	4,436	301,340	SH		DFND	4	301,340	0	0
SBA Communications Corp	COM	78410G104	6,380	19,300	SH		DFND	4	19,300	0	0
Simon Property Group Inc	COM	828806109	8,071	62,100	SH		DFND	4	62,100	0	0
SL Green Realty Corp	COM	78440X804	2,673	37,730	SH		DFND	4	37,730	0	0
Sun Communities Inc	COM	866674104	9,114	49,240	SH		DFND	4	49,240	0	0
UDR Inc	COM	902653104	9,708	183,240	SH		DFND	4	183,240	0	0
Ventas Inc	COM	92276F100	11,708	212,064	SH		DFND	4	212,064	0	0
VEREIT Inc	COM	92339V308	3,746	82,817	SH		DFND	4	82,817	0	0
VICI Properties Inc	COM	925652109	4,362	153,534	SH		DFND	4	153,534	0	0
Welltower Inc	COM	95040Q104	9,474	114,980	SH		DFND	4	114,980	0	0
Xenia Hotels & Resorts Inc	COM	984017103	2,362	133,166	SH		DFND	4	133,166	0	0