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 RLTY TR | COM SH BEN INT | 004239109 | 263 | 25,073 | SH | | SOLE | | 25,073 | 0 | 0 |
AGREE REALTY CORP | COM | 008492100 | 4,590 | 72,132 | SH | | SOLE | | 72,132 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 388 | 28,064 | SH | | SOLE | | 28,064 | 0 | 0 |
CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 791 | 33,373 | SH | | SOLE | | 33,373 | 0 | 0 |
VENTAS INC | COM | 92276F100 | 10,894 | 259,633 | SH | | SOLE | | 259,633 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 323 | 25,596 | SH | | SOLE | | 25,596 | 0 | 0 |
MID-AMER APT CMNTYS INC | COM | 59522J103 | 10,735 | 92,586 | SH | | SOLE | | 92,586 | 0 | 0 |
REALTY INCOME CORP | COM | 756109104 | 12,389 | 203,950 | SH | | SOLE | | 203,950 | 0 | 0 |
SUN CMNTYS INC | COM | 866674104 | 17,586 | 125,070 | SH | | SOLE | | 125,070 | 0 | 0 |
TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 161 | 26,770 | SH | | SOLE | | 26,770 | 0 | 0 |
RAYONIER INC | COM | 754907103 | 1,033 | 39,104 | SH | | SOLE | | 39,104 | 0 | 0 |
ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 14,968 | 93,551 | SH | | SOLE | | 93,551 | 0 | 0 |
CAMDEN PPTY TR | SH BEN INT | 133131102 | 5,289 | 59,447 | SH | | SOLE | | 59,447 | 0 | 0 |
EASTGROUP PPTY INC | COM | 277276101 | 4,516 | 34,924 | SH | | SOLE | | 34,924 | 0 | 0 |
ESSEX PPTY TR INC | COM | 297178105 | 6,173 | 30,746 | SH | | SOLE | | 30,746 | 0 | 0 |
FEDERAL RLTY INVT TR | SH BEN INT NEW | 313747206 | 1,643 | 22,373 | SH | | SOLE | | 22,373 | 0 | 0 |
FIRST INDL RLTY TR INC | COM | 32054K103 | 1,493 | 37,527 | SH | | SOLE | | 37,527 | 0 | 0 |
HEALTHCARE RLTY TR | COM | 421946104 | 1,203 | 39,943 | SH | | SOLE | | 39,943 | 0 | 0 |
HIGHWOODS PPTYS INC | COM | 431284108 | 1,949 | 58,079 | SH | | SOLE | | 58,079 | 0 | 0 |
KILROY RLTY CORP | COM | 49427F108 | 3,484 | 67,058 | SH | | SOLE | | 67,058 | 0 | 0 |
LTC PPTYS INC | COM | 502175102 | 400 | 11,494 | SH | | SOLE | | 11,494 | 0 | 0 |
MACERICH CO | COM | 554382101 | 592 | 87,283 | SH | | SOLE | | 87,283 | 0 | 0 |
NATIONAL HEALTH INVS INC | COM | 63633D104 | 766 | 12,719 | SH | | SOLE | | 12,719 | 0 | 0 |
OMEGA HEALTHCARE INVS INC | COM | 681936100 | 4,350 | 145,294 | SH | | SOLE | | 145,294 | 0 | 0 |
PS BUSINESS PKS INC CALIF | COM | 69360J107 | 727 | 5,942 | SH | | SOLE | | 5,942 | 0 | 0 |
TAUBMAN CTRS INC | COM | 876664103 | 1,039 | 31,238 | SH | | SOLE | | 31,238 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 490 | 24,389 | SH | | SOLE | | 24,389 | 0 | 0 |
WEINGARTEN RLTY INVS | SH BEN INT | 948741103 | 611 | 36,058 | SH | | SOLE | | 36,058 | 0 | 0 |
MARRIOTT INTL INC NEW | CL A | 571903202 | 870 | 9,400 | SH | | SOLE | | 9,400 | 0 | 0 |
KIMCO RLTY CORP | COM | 49446R109 | 2,044 | 181,606 | SH | | SOLE | | 181,606 | 0 | 0 |
VORNADO RLTY TR | SH BEN INT | 929042109 | 3,265 | 96,868 | SH | | SOLE | | 96,868 | 0 | 0 |
AVALONBAY CMNTYS INC | COM | 053484101 | 11,626 | 77,855 | SH | | SOLE | | 77,855 | 0 | 0 |
BOSTON PROPERTIES INC | COM | 101121101 | 7,479 | 93,143 | SH | | SOLE | | 93,143 | 0 | 0 |
EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 11,311 | 220,359 | SH | | SOLE | | 220,359 | 0 | 0 |
HOST HOTELS & RESORTS INC | COM | 44107P104 | 4,229 | 391,981 | SH | | SOLE | | 391,981 | 0 | 0 |
SL GREEN RLTY CORP | COM | 78440X101 | 2,895 | 62,444 | SH | | SOLE | | 62,444 | 0 | 0 |
DUKE REALTY CORP | COM NEW | 264411505 | 7,936 | 215,078 | SH | | SOLE | | 215,078 | 0 | 0 |
PUBLIC STORAGE | COM | 74460D109 | 18,162 | 81,548 | SH | | SOLE | | 81,548 | 0 | 0 |
SIMON PPTY GROUP INC NEW | COM | 828806109 | 12,171 | 188,182 | SH | | SOLE | | 188,182 | 0 | 0 |
WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | 13,026 | 456,736 | SH | | SOLE | | 456,736 | 0 | 0 |
MGM RESORTS INTERNATIONAL | COM | 552953101 | 1,448 | 66,600 | SH | | SOLE | | 66,600 | 0 | 0 |
REGENCY CTRS CORP | COM | 758849103 | 6,075 | 159,800 | SH | | SOLE | | 159,800 | 0 | 0 |
WYNN RESORTS LTD | COM | 983134107 | 847 | 11,800 | SH | | SOLE | | 11,800 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 1,253 | 15,700 | SH | | SOLE | | 15,700 | 0 | 0 |
EXTRA SPACE STORAGE INC | COM | 30225T102 | 8,195 | 76,604 | SH | | SOLE | | 76,604 | 0 | 0 |
AMERICAN CAMPUS CMNTYS INC | COM | 024835100 | 1,421 | 40,698 | SH | | SOLE | | 40,698 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 504 | 63,544 | SH | | SOLE | | 63,544 | 0 | 0 |
VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 1,239 | 15,700 | SH | | SOLE | | 15,700 | 0 | 0 |
DIGITAL RLTY TR INC | COM | 253868103 | 22,563 | 153,741 | SH | | SOLE | | 153,741 | 0 | 0 |
EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | 15,178 | 247,605 | SH | | SOLE | | 247,605 | 0 | 0 |
LAS VEGAS SANDS CORP | COM | 517834107 | 1,096 | 23,500 | SH | | SOLE | | 23,500 | 0 | 0 |
DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 299 | 59,040 | SH | | SOLE | | 59,040 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 3,969 | 225,132 | SH | | SOLE | | 225,132 | 0 | 0 |
FRANKLIN STR PPTYS CORP | COM | 35471R106 | 112 | 30,706 | SH | | SOLE | | 30,706 | 0 | 0 |
POTLATCHDELTIC CORPORATION | COM | 737630103 | 815 | 19,371 | SH | | SOLE | | 19,371 | 0 | 0 |
NATIONAL RETAIL PROPERTIES I | COM | 637417106 | 1,757 | 50,917 | SH | | SOLE | | 50,917 | 0 | 0 |
DOUGLAS EMMETT INC | COM | 25960P109 | 1,241 | 49,461 | SH | | SOLE | | 49,461 | 0 | 0 |
UDR INC | COM | 902653104 | 2,840 | 87,107 | SH | | SOLE | | 87,107 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 351 | 33,743 | SH | | SOLE | | 33,743 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 826 | 65,974 | SH | | SOLE | | 65,974 | 0 | 0 |
PIEDMONT OFFICE REALTY TR IN | COM CL A | 720190206 | 506 | 37,307 | SH | | SOLE | | 37,307 | 0 | 0 |
TERRENO RLTY CORP | COM | 88146M101 | 6,226 | 113,712 | SH | | SOLE | | 113,712 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 979 | 44,652 | SH | | SOLE | | 44,652 | 0 | 0 |
CORESITE RLTY CORP | COM | 21870Q105 | 1,424 | 11,984 | SH | | SOLE | | 11,984 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 2,456 | 178,227 | SH | | SOLE | | 178,227 | 0 | 0 |
AMERICAN ASSETS TR INC | COM | 024013104 | 358 | 14,876 | SH | | SOLE | | 14,876 | 0 | 0 |
SUMMIT HOTEL PPTYS INC | COM | 866082100 | 158 | 30,564 | SH | | SOLE | | 30,564 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,350 | 44,309 | SH | | SOLE | | 44,309 | 0 | 0 |
RLJ LODGING TR | COM | 74965L101 | 420 | 48,523 | SH | | SOLE | | 48,523 | 0 | 0 |
PROLOGIS INC. | COM | 74340W103 | 48,417 | 481,188 | SH | | SOLE | | 481,188 | 0 | 0 |
CUBESMART | COM | 229663109 | 1,855 | 57,436 | SH | | SOLE | | 57,436 | 0 | 0 |
AMERICAN TOWER CORP NEW | COM | 03027X100 | 63,304 | 261,881 | SH | | SOLE | | 261,881 | 0 | 0 |
RETAIL PPTYS AMER INC | CL A | 76131V202 | 368 | 63,396 | SH | | SOLE | | 63,396 | 0 | 0 |
AMERICOLD RLTY TR | COM | 03064D108 | 6,133 | 171,575 | SH | | SOLE | | 171,575 | 0 | 0 |
ALEXANDER & BALDWIN INC NEW | COM | 014491104 | 238 | 21,307 | SH | | SOLE | | 21,307 | 0 | 0 |
RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | 548 | 14,916 | SH | | SOLE | | 14,916 | 0 | 0 |
WP CAREY INC | COM | 92936U109 | 4,540 | 69,680 | SH | | SOLE | | 69,680 | 0 | 0 |
EPR PPTYS | COM SH BEN INT | 26884U109 | 603 | 21,944 | SH | | SOLE | | 21,944 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 4,726 | 67,494 | SH | | SOLE | | 67,494 | 0 | 0 |
REXFORD INDL RLTY INC | COM | 76169C100 | 13,688 | 299,126 | SH | | SOLE | | 299,126 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 1,102 | 61,538 | SH | | SOLE | | 61,538 | 0 | 0 |
AMERICAN HOMES 4 RENT | CL A | 02665T306 | 8,224 | 288,780 | SH | | SOLE | | 288,780 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 324 | 28,014 | SH | | SOLE | | 28,014 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 266 | 43,479 | SH | | SOLE | | 43,479 | 0 | 0 |
QTS RLTY TR INC | COM CL A | 74736A103 | 2,278 | 36,153 | SH | | SOLE | | 36,153 | 0 | 0 |
COLUMBIA PPTY TR INC | COM NEW | 198287203 | 369 | 33,852 | SH | | SOLE | | 33,852 | 0 | 0 |
GAMING & LEISURE PPTYS INC | COM | 36467J108 | 7,288 | 197,372 | SH | | SOLE | | 197,372 | 0 | 0 |
BRIXMOR PPTY GROUP INC | COM | 11120U105 | 1,671 | 142,974 | SH | | SOLE | | 142,974 | 0 | 0 |
CARETRUST REIT INC | COM | 14174T107 | 502 | 28,242 | SH | | SOLE | | 28,242 | 0 | 0 |
GEO GROUP INC NEW | COM | 36162J106 | 394 | 34,822 | SH | | SOLE | | 34,822 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 284 | 24,550 | SH | | SOLE | | 24,550 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 96 | 24,224 | SH | | SOLE | | 24,224 | 0 | 0 |
STORE CAP CORP | COM | 862121100 | 3,721 | 135,689 | SH | | SOLE | | 135,689 | 0 | 0 |
LAMAR ADVERTISING CO NEW | CL A | 512816109 | 2,888 | 43,653 | SH | | SOLE | | 43,653 | 0 | 0 |
PARAMOUNT GROUP INC | COM | 69924R108 | 398 | 56,251 | SH | | SOLE | | 56,251 | 0 | 0 |
OUTFRONT MEDIA INC | COM | 69007J106 | 1,135 | 78,036 | SH | | SOLE | | 78,036 | 0 | 0 |
CROWN CASTLE INTL CORP NEW | COM | 22822V101 | 36,854 | 221,349 | SH | | SOLE | | 221,349 | 0 | 0 |
HEALTHCARE TR AMER INC | CL A NEW | 42225P501 | 2,800 | 107,725 | SH | | SOLE | | 107,725 | 0 | 0 |
URBAN EDGE PPTYS | COM | 91704F104 | 333 | 34,307 | SH | | SOLE | | 34,307 | 0 | 0 |
IRON MTN INC NEW | COM | 46284V101 | 2,278 | 85,040 | SH | | SOLE | | 85,040 | 0 | 0 |
EQUINIX INC | COM | 29444U700 | 42,805 | 56,313 | SH | | SOLE | | 56,313 | 0 | 0 |
XENIA HOTELS & RESORTS INC | COM | 984017103 | 294 | 33,491 | SH | | SOLE | | 33,491 | 0 | 0 |
EASTERLY GOVT PPTYS INC | COM | 27616P103 | 528 | 23,594 | SH | | SOLE | | 23,594 | 0 | 0 |
NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | 598 | 18,309 | SH | | SOLE | | 18,309 | 0 | 0 |
APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 | 598 | 62,320 | SH | | SOLE | | 62,320 | 0 | 0 |
VEREIT INC | COM | 92339V100 | 2,086 | 321,061 | SH | | SOLE | | 321,061 | 0 | 0 |
WELLTOWER INC | COM | 95040Q104 | 15,897 | 288,574 | SH | | SOLE | | 288,574 | 0 | 0 |
FOUR CORNERS PPTY TR INC | COM | 35086T109 | 532 | 20,802 | SH | | SOLE | | 20,802 | 0 | 0 |
MGM GROWTH PPTYS LLC | CL A COM | 55303A105 | 2,193 | 78,400 | SH | | SOLE | | 78,400 | 0 | 0 |
LIFE STORAGE INC | COM | 53223X107 | 1,459 | 13,865 | SH | | SOLE | | 13,865 | 0 | 0 |
WASHINGTON PRIME GROUP NEW | COM | 93964W108 | 35 | 54,997 | SH | | SOLE | | 54,997 | 0 | 0 |
AMERICAN FIN TR INC | COM CLASS A | 02607T109 | 202 | 32,275 | SH | | SOLE | | 32,275 | 0 | 0 |
GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 4,811 | 58,800 | SH | | SOLE | | 58,800 | 0 | 0 |
CORECIVIC INC | COM | 21871N101 | 282 | 35,356 | SH | | SOLE | | 35,356 | 0 | 0 |
PARK HOTELS RESORTS INC | COM | 700517105 | 2,457 | 245,999 | SH | | SOLE | | 245,999 | 0 | 0 |
HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 1,143 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 | 21,947 | 68,913 | SH | | SOLE | | 68,913 | 0 | 0 |
INVITATION HOMES INC | COM | 46187W107 | 15,406 | 550,440 | SH | | SOLE | | 550,440 | 0 | 0 |
GLOBAL NET LEASE INC | COM NEW | 379378201 | 423 | 26,651 | SH | | SOLE | | 26,651 | 0 | 0 |
UNITI GROUP INC | COM | 91325V108 | 1,180 | 112,027 | SH | | SOLE | | 112,027 | 0 | 0 |
JBG SMITH PPTYS | COM | 46590V100 | 968 | 36,211 | SH | | SOLE | | 36,211 | 0 | 0 |
VICI PPTYS INC | COM | 925652109 | 9,291 | 397,575 | SH | | SOLE | | 397,575 | 0 | 0 |
INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 | 419 | 19,191 | SH | | SOLE | | 19,191 | 0 | 0 |
ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 | 740 | 40,399 | SH | | SOLE | | 40,399 | 0 | 0 |
COLONY CAP INC NEW | CL A COM | 19626G108 | 391 | 143,518 | SH | | SOLE | | 143,518 | 0 | 0 |
SITE CTRS CORP | COM | 82981J109 | 1,115 | 154,971 | SH | | SOLE | | 154,971 | 0 | 0 |
RPT REALTY | SH BEN INT | 74971D101 | 129 | 23,850 | SH | | SOLE | | 23,850 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 | 1,693 | 50,179 | SH | | SOLE | | 50,179 | 0 | 0 |
APARTMENT INVT & MGMT CO | CL A | 03748R754 | 1,484 | 44,017 | SH | | SOLE | | 44,017 | 0 | 0 |
COUSINS PPTYS INC | COM NEW | 222795502 | 1,258 | 44,005 | SH | | SOLE | | 44,005 | 0 | 0 |
SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | 385 | 48,468 | SH | | SOLE | | 48,468 | 0 | 0 |
HEALTHPEAK PROPERTIES INC | COM | 42250P103 | 11,044 | 406,778 | SH | | SOLE | | 406,778 | 0 | 0 |
DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 | 246 | 70,104 | SH | | SOLE | | 70,104 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 517 | 50,095 | SH | | SOLE | | 50,095 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 842 | 80,643 | SH | | SOLE | | 80,643 | 0 | 0 |
COMMUNITY HEALTHCARE TR INC | COM | 20369C106 | 291 | 6,229 | SH | | SOLE | | 6,229 | 0 | 0 |
HERSHA HOSPITALITY TR | PR SHS BEN INT | 427825500 | 55 | 10,062 | SH | | SOLE | | 10,062 | 0 | 0 |
GLOBAL MED REIT INC | COM NEW | 37954A204 | 163 | 12,135 | SH | | SOLE | | 12,135 | 0 | 0 |
FRONT YD RESIDENTIAL CORP | COM | 35904G107 | 129 | 14,805 | SH | | SOLE | | 14,805 | 0 | 0 |
COREPOINT LODGING INC | COM | 21872L104 | 63 | 11,604 | SH | | SOLE | | 11,604 | 0 | 0 |
BROOKFIELD PPTY REIT INC | CL A | 11282X103 | 166 | 13,576 | SH | | SOLE | | 13,576 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730509 | 247 | 3,791 | SH | | SOLE | | 3,791 | 0 | 0 |
OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 | 292 | 14,139 | SH | | SOLE | | 14,139 | 0 | 0 |
SAFEHOLD INC | COM | 78645L100 | 317 | 5,111 | SH | | SOLE | | 5,111 | 0 | 0 |
UMH PPTYS INC | COM | 903002103 | 146 | 10,834 | SH | | SOLE | | 10,834 | 0 | 0 |
UNIVERSAL HEALTH RLTY INCM T | SH BEN INT | 91359E105 | 216 | 3,794 | SH | | SOLE | | 3,794 | 0 | 0 |
GETTY RLTY CORP NEW | COM | 374297109 | 259 | 9,977 | SH | | SOLE | | 9,977 | 0 | 0 |
CHATHAM LODGING TR | COM | 16208T102 | 104 | 13,700 | SH | | SOLE | | 13,700 | 0 | 0 |
WHITESTONE REIT | COM | 966084204 | 70 | 11,775 | SH | | SOLE | | 11,775 | 0 | 0 |
PREFERRED APT CMNTYS INC | COM | 74039L103 | 75 | 14,060 | SH | | SOLE | | 14,060 | 0 | 0 |
ARMADA HOFFLER PPTYS INC | COM | 04208T108 | 153 | 16,581 | SH | | SOLE | | 16,581 | 0 | 0 |
CATCHMARK TIMBER TR INC | CL A | 14912Y202 | 128 | 14,406 | SH | | SOLE | | 14,406 | 0 | 0 |
CITY OFFICE REIT INC | COM | 178587101 | 104 | 13,872 | SH | | SOLE | | 13,872 | 0 | 0 |
NEXPOINT RESIDENTIAL TR INC | COM | 65341D102 | 284 | 6,412 | SH | | SOLE | | 6,412 | 0 | 0 |