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
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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
Agree Realty Corp	COM	008492100	150,659,021	1,999,987	SH		DFND	1	1,999,987	0	0
Alexandria Real Estate Equitie	COM	015271109	85,604,738	720,882	SH		DFND	1	720,882	0	0
American Healthcare REIT Inc	COM	398182303	83,141,681	3,185,505	SH		DFND	1	3,185,505	0	0
American Homes 4 Rent	COM	02665T306	16,621,949	432,976	SH		DFND	1	432,976	0	0
American Tower Corp	COM	03027X100	109,038,314	468,861	SH		DFND	1	468,861	0	0
Americold Realty Trust Inc	COM	03064D108	73,773,420	2,609,601	SH		DFND	1	2,609,601	0	0
Anywhere Real Estate Inc	COM	75605Y106	97,739	19,240	SH		DFND	1	19,240	0	0
Apple Hospitality REIT Inc	COM	03784Y200	28,633,562	1,928,186	SH		DFND	1	1,928,186	0	0
Avalon Bay Communities	COM	053484101	26,123,594	115,976	SH		DFND	1	115,976	0	0
Brixmor Property Group Inc	COM	11120U105	179,067,002	6,427,387	SH		DFND	1	6,427,387	0	0
Broadstone Net Lease Inc	COM	11135E203	53,576,785	2,827,271	SH		DFND	1	2,827,271	0	0
BXP Inc	COM	101121101	163,971,285	2,037,923	SH		DFND	1	2,037,923	0	0
Camden Property Trust	COM	133131102	211,135,870	1,709,187	SH		DFND	1	1,709,187	0	0
CareTrust REIT Inc	COM	14174T107	41,412,947	1,341,962	SH		DFND	1	1,341,962	0	0
CBRE Group Inc - A	COM	12504L109	7,914,438	63,580	SH		DFND	1	63,580	0	0
Centerspace	COM	15202L107	1,028,862	14,600	SH		DFND	1	14,600	0	0
COMPASS INC - CLASS A	COM	20464U100	488,311	79,920	SH		DFND	1	79,920	0	0
COPT Defense Properties	COM	22002T108	1,651,469	54,450	SH		DFND	1	54,450	0	0
Corp Inmobiliaria Vesta SAB	COM	92540K109	8,313,199	308,582	SH		DFND	1	308,582	0	0
COSTAR Group Inc	COM	22160N109	6,355,820	84,250	SH		DFND	1	84,250	0	0
Cousins Properties Inc	COM	222795502	114,718,649	3,891,406	SH		DFND	1	3,891,406	0	0
Crown Castle Intl Corp	COM	22822V101	15,241,227	128,477	SH		DFND	1	128,477	0	0
Cubesmart	COM	229663109	60,236,954	1,119,022	SH		DFND	1	1,119,022	0	0
DiamondRock Hospitality Co	COM	252784301	29,660,332	3,397,518	SH		DFND	1	3,397,518	0	0
Digital Realty Trust Inc	COM	253868103	383,609,114	2,370,445	SH		DFND	1	2,370,445	0	0
DigitalBridge Group Inc	COM	25401T603	2,135,608	151,140	SH		DFND	1	151,140	0	0
Douglas Emmett Inc	COM	25960P109	39,908,639	2,271,408	SH		DFND	1	2,271,408	0	0
EastGroup Properties Inc	COM	277276101	53,242,766	284,995	SH		DFND	1	284,995	0	0
Elme Communities	COM	939653101	939,306	53,400	SH		DFND	1	53,400	0	0
EPR Properties	COM	26884U109	9,752,487	198,868	SH		DFND	1	198,868	0	0
Equinix Inc	COM	29444U700	634,195,658	714,482	SH		DFND	1	714,482	0	0
Equity Lifestyle Properties	COM	29472R108	7,706,860	108,030	SH		DFND	1	108,030	0	0
Equity Residential Properties	COM	29476L107	264,859,730	3,557,074	SH		DFND	1	3,557,074	0	0
Essential Properties Realty	COM	29670E107	705,163	20,649	SH		DFND	1	20,649	0	0
Essex Property Trust Inc	COM	297178105	29,527,229	99,950	SH		DFND	1	99,950	0	0
EXP WORLD HOLDINGS INC	COM	30212W100	220,584	15,600	SH		DFND	1	15,600	0	0
Extra Space Storage Inc	COM	30225T102	349,843,930	1,941,528	SH		DFND	1	1,941,528	0	0
Federal Realty Investment Trus	COM	313745101	11,566,212	100,602	SH		DFND	1	100,602	0	0
First Industrial Realty Trust	COM	32054K103	213,887,824	3,820,790	SH		DFND	1	3,820,790	0	0
Four Corners Property Trust	COM	35086T109	602,203	20,546	SH		DFND	1	20,546	0	0
Healthpeak Properties Inc	COM	42250P103	191,107,117	8,356,236	SH		DFND	1	8,356,236	0	0
Host Hotels & Resorts Inc	COM	44107P104	131,943,786	7,496,806	SH		DFND	1	7,496,806	0	0
Howard Hughes Holdings Inc.	COM	44267T102	515,684	6,660	SH		DFND	1	6,660	0	0
Independence Realty Trust Inc	COM	45378A106	2,029,500	99,000	SH		DFND	1	99,000	0	0
InvenTrust Properties Corp	COM	46124J201	26,090,300	919,644	SH		DFND	1	919,644	0	0
Invitation Homes Inc	COM	46187W107	248,725,838	7,054,051	SH		DFND	1	7,054,051	0	0
Iron Mountain Inc	COM	46284V101	158,511,971	1,333,939	SH		DFND	1	1,333,939	0	0
Jones Lang LaSalle Inc	COM	48020Q107	2,636,044	9,770	SH		DFND	1	9,770	0	0
Kennedy-Wilson Holdings Inc	COM	489398107	249,178	22,550	SH		DFND	1	22,550	0	0
Kilroy Realty Corporation	COM	49427F108	50,959,889	1,316,793	SH		DFND	1	1,316,793	0	0
Kimco Realty Corp	COM	49446R109	248,441,879	10,699,478	SH		DFND	1	10,699,478	0	0
Lamar Advertising Company	COM	512816109	58,763,292	439,845	SH		DFND	1	439,845	0	0
Lineage Inc	COM	53566V106	70,647,029	901,340	SH		DFND	1	901,340	0	0
LXP Industrial Trust	COM	529043101	15,846,147	1,576,731	SH		DFND	1	1,576,731	0	0
Macerich Company	COM	554382101	32,420,287	1,777,428	SH		DFND	1	1,777,428	0	0
Marcus & Millichap, Inc.	COM	566324109	204,095	5,150	SH		DFND	1	5,150	0	0
Mid-America Apartment Communit	COM	59522J103	18,853,485	118,650	SH		DFND	1	118,650	0	0
National Health Investors	COM	63633D104	18,342,480	218,207	SH		DFND	1	218,207	0	0
NetSTREIT Corp	COM	64119V303	18,367,607	1,111,168	SH		DFND	1	1,111,168	0	0
Newmark Group, Inc.	COM	65158N102	457,677	29,480	SH		DFND	1	29,480	0	0
NEXTERA ENERGY INC	COM	65339F101	1,174,967	13,900	SH		DFND	1	13,900	0	0
NNN REIT	COM	637417106	108,196,416	2,231,314	SH		DFND	1	2,231,314	0	0
Omega Healthcare Investors Inc	COM	681936100	93,114,437	2,287,824	SH		DFND	1	2,287,824	0	0
Opendoor Technologies Inc.	COM	683712103	240,019	119,710	SH		DFND	1	119,710	0	0
Pebblebrook Hotel Trust	COM	70509V100	975,448	73,730	SH		DFND	1	73,730	0	0
Phillips Edison & Company Inc	COM	71844V201	31,338,556	831,041	SH		DFND	1	831,041	0	0
Prologis Trust	COM	74340W103	648,216,076	5,133,165	SH		DFND	1	5,133,165	0	0
Public Storage Inc	COM	74460D109	239,078,236	657,043	SH		DFND	1	657,043	0	0
Realty Income Corp	COM	756109104	218,485,642	3,445,059	SH		DFND	1	3,445,059	0	0
Redfin Corporation	COM	75737F108	306,239	24,460	SH		DFND	1	24,460	0	0
Regency Centers Corp	COM	758849103	24,546,210	339,834	SH		DFND	1	339,834	0	0
Retail Opportunity Investments	COM	76131N101	118,486,068	7,532,490	SH		DFND	1	7,532,490	0	0
Rexford Industrial Realty	COM	76169C100	137,393,440	2,730,937	SH		DFND	1	2,730,937	0	0
Ryman Hospitality Properties	COM	78377T107	20,495,709	191,120	SH		DFND	1	191,120	0	0
Saul Centers Inc	COM	804395101	683,948	16,300	SH		DFND	1	16,300	0	0
SBA Communications Corp	COM	78410G104	53,076,998	220,511	SH		DFND	1	220,511	0	0
Simon Property Group Inc	COM	828806109	225,831,002	1,336,120	SH		DFND	1	1,336,120	0	0
St. Joe Company	COM	790148100	419,832	7,200	SH		DFND	1	7,200	0	0
STAG Industrial	COM	85254J102	5,699,322	145,800	SH		DFND	1	145,800	0	0
Sun Communities Inc	COM	866674104	215,131,094	1,591,795	SH		DFND	1	1,591,795	0	0
Terreno Realty Corp	COM	88146M101	5,501,980	82,328	SH		DFND	1	82,328	0	0
UDR Inc	COM	902653104	331,513,702	7,311,727	SH		DFND	1	7,311,727	0	0
UNITI Group Inc	COM	91325V108	275,909	48,920	SH		DFND	1	48,920	0	0
Ventas Inc	COM	92276F100	353,582,487	5,513,527	SH		DFND	1	5,513,527	0	0
VICI Properties Inc	COM	925652109	179,140,381	5,377,976	SH		DFND	1	5,377,976	0	0
Vornado Realty Trust	COM	929042109	41,309,245	1,048,458	SH		DFND	1	1,048,458	0	0
Welltower Inc	COM	95040Q104	521,608,687	4,074,113	SH		DFND	1	4,074,113	0	0
Weyerhaeuser Co	COM	962166104	19,311,340	570,329	SH		DFND	1	570,329	0	0
WP Carey Inc	COM	92936U109	253,187	4,064	SH		DFND	1	4,064	0	0
Xenia Hotels & Resorts Inc	COM	984017103	8,220,007	556,534	SH		DFND	1	556,534	0	0
Zillow Group Inc - A	COM	98954M101	701,727	11,320	SH		DFND	1	11,320	0	0
Zillow Group Inc - C	COM	98954M200	2,060,755	32,280	SH		DFND	1	32,280	0	0
Agree Realty Corp	COM	008492100	31,883,423	423,250	SH		DFND	2	423,250	0	0
Alexandria Real Estate Equitie	COM	015271109	22,538,750	189,800	SH		DFND	2	189,800	0	0
American Healthcare REIT Inc	COM	398182303	17,693,712	677,920	SH		DFND	2	677,920	0	0
Americold Realty Trust Inc	COM	03064D108	16,584,313	586,640	SH		DFND	2	586,640	0	0
Apple Hospitality REIT Inc	COM	03784Y200	7,063,700	475,670	SH		DFND	2	475,670	0	0
Brixmor Property Group Inc	COM	11120U105	39,355,036	1,412,600	SH		DFND	2	1,412,600	0	0
Broadstone Net Lease Inc	COM	11135E203	13,926,355	734,900	SH		DFND	2	734,900	0	0
BXP Inc	COM	101121101	31,403,538	390,300	SH		DFND	2	390,300	0	0
Camden Property Trust	COM	133131102	45,198,392	365,890	SH		DFND	2	365,890	0	0
CareTrust REIT Inc	COM	14174T107	8,687,399	281,510	SH		DFND	2	281,510	0	0
Cousins Properties Inc	COM	222795502	25,385,228	861,100	SH		DFND	2	861,100	0	0
Cubesmart	COM	229663109	13,005,328	241,600	SH		DFND	2	241,600	0	0
DiamondRock Hospitality Co	COM	252784301	8,986,924	1,029,430	SH		DFND	2	1,029,430	0	0
Digital Realty Trust Inc	COM	253868103	86,397,800	533,880	SH		DFND	2	533,880	0	0
Douglas Emmett Inc	COM	25960P109	10,704,575	609,253	SH		DFND	2	609,253	0	0
EastGroup Properties Inc	COM	277276101	15,408,914	82,480	SH		DFND	2	82,480	0	0
EPR Properties	COM	26884U109	3,552,948	72,450	SH		DFND	2	72,450	0	0
Equinix Inc	COM	29444U700	142,710,489	160,777	SH		DFND	2	160,777	0	0
Equity Residential Properties	COM	29476L107	64,167,915	861,777	SH		DFND	2	861,777	0	0
Extra Space Storage Inc	COM	30225T102	79,283,600	440,000	SH		DFND	2	440,000	0	0
First Industrial Realty Trust	COM	32054K103	38,376,529	685,540	SH		DFND	2	685,540	0	0
Healthpeak Properties Inc	COM	42250P103	44,654,361	1,952,530	SH		DFND	2	1,952,530	0	0
Host Hotels & Resorts Inc	COM	44107P104	31,303,536	1,778,610	SH		DFND	2	1,778,610	0	0
InvenTrust Properties Corp	COM	46124J201	9,327,120	328,767	SH		DFND	2	328,767	0	0
Invitation Homes Inc	COM	46187W107	56,900,472	1,613,740	SH		DFND	2	1,613,740	0	0
Iron Mountain Inc	COM	46284V101	40,661,249	342,180	SH		DFND	2	342,180	0	0
Kilroy Realty Corporation	COM	49427F108	11,493,900	297,000	SH		DFND	2	297,000	0	0
Kimco Realty Corp	COM	49446R109	56,491,009	2,432,860	SH		DFND	2	2,432,860	0	0
Lamar Advertising Company	COM	512816109	19,820,896	148,360	SH		DFND	2	148,360	0	0
Lineage Inc	COM	53566V106	16,887,755	215,460	SH		DFND	2	215,460	0	0
LXP Industrial Trust	COM	529043101	4,662,547	463,935	SH		DFND	2	463,935	0	0
Macerich Company	COM	554382101	8,827,248	483,950	SH		DFND	2	483,950	0	0
National Health Investors	COM	63633D104	6,055,682	72,040	SH		DFND	2	72,040	0	0
NetSTREIT Corp	COM	64119V303	6,424,880	388,680	SH		DFND	2	388,680	0	0
NNN REIT	COM	637417106	25,149,339	518,650	SH		DFND	2	518,650	0	0
Omega Healthcare Investors Inc	COM	681936100	23,227,897	570,710	SH		DFND	2	570,710	0	0
Phillips Edison & Company Inc	COM	71844V201	11,265,033	298,728	SH		DFND	2	298,728	0	0
Prologis Trust	COM	74340W103	136,811,752	1,083,400	SH		DFND	2	1,083,400	0	0
Public Storage Inc	COM	74460D109	56,072,367	154,100	SH		DFND	2	154,100	0	0
Realty Income Corp	COM	756109104	67,345,698	1,061,900	SH		DFND	2	1,061,900	0	0
Retail Opportunity Investments	COM	76131N101	23,747,581	1,509,700	SH		DFND	2	1,509,700	0	0
Rexford Industrial Realty	COM	76169C100	25,916,190	515,130	SH		DFND	2	515,130	0	0
Ryman Hospitality Properties	COM	78377T107	4,868,696	45,400	SH		DFND	2	45,400	0	0
Simon Property Group Inc	COM	828806109	59,224,608	350,400	SH		DFND	2	350,400	0	0
Sun Communities Inc	COM	866674104	50,148,489	371,058	SH		DFND	2	371,058	0	0
UDR Inc	COM	902653104	71,419,568	1,575,200	SH		DFND	2	1,575,200	0	0
Ventas Inc	COM	92276F100	67,421,793	1,051,330	SH		DFND	2	1,051,330	0	0
VICI Properties Inc	COM	925652109	52,117,159	1,564,610	SH		DFND	2	1,564,610	0	0
Vornado Realty Trust	COM	929042109	10,497,342	266,430	SH		DFND	2	266,430	0	0
Welltower Inc	COM	95040Q104	112,319,439	877,290	SH		DFND	2	877,290	0	0
Xenia Hotels & Resorts Inc	COM	984017103	2,025,661	137,147	SH		DFND	2	137,147	0	0
Agree Realty Corp	COM	008492100	4,462,549	59,240	SH		DFND	3	59,240	0	0
Alexandria Real Estate Equitie	COM	015271109	1,767,000	14,880	SH		DFND	3	14,880	0	0
American Healthcare REIT Inc	COM	398182303	3,068,629	117,572	SH		DFND	3	117,572	0	0
American Tower Corp	COM	03027X100	3,407,004	14,650	SH		DFND	3	14,650	0	0
Americold Realty Trust Inc	COM	03064D108	2,339,908	82,770	SH		DFND	3	82,770	0	0
Apple Hospitality REIT Inc	COM	03784Y200	1,238,936	83,430	SH		DFND	3	83,430	0	0
Brixmor Property Group Inc	COM	11120U105	6,014,640	215,888	SH		DFND	3	215,888	0	0
Broadstone Net Lease Inc	COM	11135E203	1,775,426	93,690	SH		DFND	3	93,690	0	0
BXP Inc	COM	101121101	4,158,977	51,690	SH		DFND	3	51,690	0	0
Camden Property Trust	COM	133131102	6,398,854	51,800	SH		DFND	3	51,800	0	0
CareTrust REIT Inc	COM	14174T107	1,231,931	39,920	SH		DFND	3	39,920	0	0
Corp Inmobiliaria Vesta SAB	COM	92540K109	1,257,559	46,680	SH		DFND	3	46,680	0	0
Cousins Properties Inc	COM	222795502	3,877,210	131,520	SH		DFND	3	131,520	0	0
Crown Castle Intl Corp	COM	22822V101	268,104	2,260	SH		DFND	3	2,260	0	0
Cubesmart	COM	229663109	2,366,259	43,958	SH		DFND	3	43,958	0	0
DiamondRock Hospitality Co	COM	252784301	196,146	22,468	SH		DFND	3	22,468	0	0
Digital Realty Trust Inc	COM	253868103	10,980,166	67,850	SH		DFND	3	67,850	0	0
Douglas Emmett Inc	COM	25960P109	912,217	51,919	SH		DFND	3	51,919	0	0
EastGroup Properties Inc	COM	277276101	393,256	2,105	SH		DFND	3	2,105	0	0
Equinix Inc	COM	29444U700	19,504,782	21,974	SH		DFND	3	21,974	0	0
Equity Residential Properties	COM	29476L107	6,262,086	84,100	SH		DFND	3	84,100	0	0
Extra Space Storage Inc	COM	30225T102	11,197,007	62,140	SH		DFND	3	62,140	0	0
First Industrial Realty Trust	COM	32054K103	5,972,506	106,690	SH		DFND	3	106,690	0	0
Healthpeak Properties Inc	COM	42250P103	5,996,285	262,190	SH		DFND	3	262,190	0	0
Host Hotels & Resorts Inc	COM	44107P104	4,940,848	280,730	SH		DFND	3	280,730	0	0
Invitation Homes Inc	COM	46187W107	6,500,534	184,360	SH		DFND	3	184,360	0	0
Iron Mountain Inc	COM	46284V101	4,326,600	36,410	SH		DFND	3	36,410	0	0
Kilroy Realty Corporation	COM	49427F108	1,443,123	37,290	SH		DFND	3	37,290	0	0
Kimco Realty Corp	COM	49446R109	8,394,007	361,499	SH		DFND	3	361,499	0	0
Lamar Advertising Company	COM	512816109	423,512	3,170	SH		DFND	3	3,170	0	0
Lineage Inc	COM	53566V106	2,882,033	36,770	SH		DFND	3	36,770	0	0
Macerich Company	COM	554382101	182,765	10,020	SH		DFND	3	10,020	0	0
NNN REIT	COM	637417106	4,076,069	84,060	SH		DFND	3	84,060	0	0
Omega Healthcare Investors Inc	COM	681936100	3,366,704	82,720	SH		DFND	3	82,720	0	0
Phillips Edison & Company Inc	COM	71844V201	210,610	5,585	SH		DFND	3	5,585	0	0
Prologis Trust	COM	74340W103	15,454,778	122,385	SH		DFND	3	122,385	0	0
Public Storage Inc	COM	74460D109	4,417,382	12,140	SH		DFND	3	12,140	0	0
Realty Income Corp	COM	756109104	6,740,278	106,280	SH		DFND	3	106,280	0	0
Retail Opportunity Investments	COM	76131N101	3,656,454	232,451	SH		DFND	3	232,451	0	0
Rexford Industrial Realty	COM	76169C100	3,771,741	74,970	SH		DFND	3	74,970	0	0
SBA Communications Corp	COM	78410G104	1,116,848	4,640	SH		DFND	3	4,640	0	0
Simon Property Group Inc	COM	828806109	6,228,387	36,850	SH		DFND	3	36,850	0	0
Sun Communities Inc	COM	866674104	6,523,691	48,270	SH		DFND	3	48,270	0	0
UDR Inc	COM	902653104	9,357,723	206,390	SH		DFND	3	206,390	0	0
Ventas Inc	COM	92276F100	10,467,299	163,220	SH		DFND	3	163,220	0	0
VICI Properties Inc	COM	925652109	6,327,901	189,970	SH		DFND	3	189,970	0	0
Vornado Realty Trust	COM	929042109	1,437,706	36,490	SH		DFND	3	36,490	0	0
Welltower Inc	COM	95040Q104	13,992,399	109,290	SH		DFND	3	109,290	0	0
Weyerhaeuser Co	COM	962166104	622,347	18,380	SH		DFND	3	18,380	0	0
Xenia Hotels & Resorts Inc	COM	984017103	316,240	21,411	SH		DFND	3	21,411	0	0
Agree Realty Corp	COM	008492100	4,207,181	55,850	SH		DFND	4	55,850	0	0
Alexandria Real Estate Equitie	COM	015271109	1,596,000	13,440	SH		DFND	4	13,440	0	0
American Healthcare REIT Inc	COM	398182303	3,128,894	119,881	SH		DFND	4	119,881	0	0
Americold Realty Trust Inc	COM	03064D108	2,270,364	80,310	SH		DFND	4	80,310	0	0
Apple Hospitality REIT Inc	COM	03784Y200	1,245,024	83,840	SH		DFND	4	83,840	0	0
Brixmor Property Group Inc	COM	11120U105	6,212,780	223,000	SH		DFND	4	223,000	0	0
Broadstone Net Lease Inc	COM	11135E203	1,707,964	90,130	SH		DFND	4	90,130	0	0
BXP Inc	COM	101121101	4,072,081	50,610	SH		DFND	4	50,610	0	0
Camden Property Trust	COM	133131102	6,199,971	50,190	SH		DFND	4	50,190	0	0
CareTrust REIT Inc	COM	14174T107	1,185,641	38,420	SH		DFND	4	38,420	0	0
Corp Inmobiliaria Vesta SAB	COM	92540K109	1,409,770	52,330	SH		DFND	4	52,330	0	0
Cousins Properties Inc	COM	222795502	3,868,366	131,220	SH		DFND	4	131,220	0	0
Cubesmart	COM	229663109	2,337,299	43,420	SH		DFND	4	43,420	0	0
Digital Realty Trust Inc	COM	253868103	10,669,452	65,930	SH		DFND	4	65,930	0	0
Douglas Emmett Inc	COM	25960P109	775,399	44,132	SH		DFND	4	44,132	0	0
Equinix Inc	COM	29444U700	18,903,856	21,297	SH		DFND	4	21,297	0	0
Equity Residential Properties	COM	29476L107	5,871,171	78,850	SH		DFND	4	78,850	0	0
Extra Space Storage Inc	COM	30225T102	11,049,251	61,320	SH		DFND	4	61,320	0	0
First Industrial Realty Trust	COM	32054K103	5,951,794	106,320	SH		DFND	4	106,320	0	0
Healthpeak Properties Inc	COM	42250P103	5,621,217	245,790	SH		DFND	4	245,790	0	0
Host Hotels & Resorts Inc	COM	44107P104	4,963,904	282,040	SH		DFND	4	282,040	0	0
Invitation Homes Inc	COM	46187W107	6,203,997	175,950	SH		DFND	4	175,950	0	0
Iron Mountain Inc	COM	46284V101	4,122,213	34,690	SH		DFND	4	34,690	0	0
Kilroy Realty Corporation	COM	49427F108	1,452,411	37,530	SH		DFND	4	37,530	0	0
Kimco Realty Corp	COM	49446R109	8,330,198	358,751	SH		DFND	4	358,751	0	0
Lineage Inc	COM	53566V106	2,871,843	36,640	SH		DFND	4	36,640	0	0
NNN REIT	COM	637417106	3,806,465	78,500	SH		DFND	4	78,500	0	0
Omega Healthcare Investors Inc	COM	681936100	3,372,809	82,870	SH		DFND	4	82,870	0	0
Prologis Trust	COM	74340W103	14,700,255	116,410	SH		DFND	4	116,410	0	0
Public Storage Inc	COM	74460D109	4,199,060	11,540	SH		DFND	4	11,540	0	0
Realty Income Corp	COM	756109104	6,829,066	107,680	SH		DFND	4	107,680	0	0
Retail Opportunity Investments	COM	76131N101	3,677,816	233,809	SH		DFND	4	233,809	0	0
Rexford Industrial Realty	COM	76169C100	3,711,872	73,780	SH		DFND	4	73,780	0	0
Simon Property Group Inc	COM	828806109	5,991,759	35,450	SH		DFND	4	35,450	0	0
Sun Communities Inc	COM	866674104	6,385,162	47,245	SH		DFND	4	47,245	0	0
UDR Inc	COM	902653104	9,148,705	201,780	SH		DFND	4	201,780	0	0
Ventas Inc	COM	92276F100	10,226,170	159,460	SH		DFND	4	159,460	0	0
VICI Properties Inc	COM	925652109	6,100,393	183,140	SH		DFND	4	183,140	0	0
Vornado Realty Trust	COM	929042109	1,405,792	35,680	SH		DFND	4	35,680	0	0
Welltower Inc	COM	95040Q104	13,576,301	106,040	SH		DFND	4	106,040	0	0
Xenia Hotels & Resorts Inc	COM	984017103	313,789	21,245	SH		DFND	4	21,245	0	0