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: July 31, 2015
Estimated average burden
hours per response: 23.8
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
EQUINIX REIT INC EQU 29444U700 1,401,379 1,740 SH SOLE 11 1,740 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107 3,033,536 49,600 SH SOLE 11 49,600 0 0
EXTRA SPACE STORAGE INC EQU 30225T102 2,741,322 17,098 SH SOLE 11 17,098 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108 1,217,415 24,669 SH SOLE 11 24,669 0 0
HOST HOTELS & RESORTS INC EQU 44107P104 478,806 24,592 SH SOLE 11 24,592 0 0
INVITATION HOMES INC EQU 46187W107 3,014,539 88,377 SH SOLE 11 88,377 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103 2,788,880 55,138 SH SOLE 11 55,138 0 0
KIMCO REALTY CORP EQU 49446R109 768,780 36,076 SH SOLE 11 36,076 0 0
MID AMERICA APT EQU 59522J103 1,105,396 8,221 SH SOLE 11 8,221 0 0
PROLOGIS INC EQU 74340W103 3,841,973 28,822 SH SOLE 11 28,822 0 0
PUBLIC STORAGE EQU 74460D109 3,711,240 12,168 SH SOLE 11 12,168 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104 2,496,817 9,842 SH SOLE 11 9,842 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103 50,034,933 105,268 SH SOLE 11 105,268 0 0
VENTAS INC EQU 92276F100 1,822,200 36,561 SH SOLE 11 36,561 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103 2,005,700 101,298 SH SOLE 11 101,298 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103 3,727,983 70,780 SH SOLE 11 70,780 0 0
AMERICOLD REALTY TRUST EQU 03064D108 1,041,439 34,405 SH SOLE 11 34,405 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105 871,159 37,437 SH SOLE 11 37,437 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101 845,209 60,243 SH SOLE 11 60,243 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100 1,316,499 23,467 SH SOLE 11 23,467 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638 240,970,080 4,634,040 SH SOLE 11 4,634,040 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646 179,648,885 3,503,635 SH SOLE 11 3,503,635 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150 16,321,804 155,106 SH SOLE 11 155,106 0 0
AVALONBAY CMNTYS INC EQU 053484101 3,541,828 18,918 SH SOLE 11 18,918 0 0
DIGITAL REALTY TRUST INC EQU 253868103 6,650,405 49,416 SH SOLE 11 49,416 0 0
ESSEX PROPERTY EQU 297178105 729,192 2,941 SH SOLE 11 2,941 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513 92,697,742 1,197,800 SH SOLE 11 1,197,800 0 0
PARK HOTELS RESORTS INC EQU 700517105 378,185 24,718 SH SOLE 11 24,718 0 0
SIMON PPTY GROUP INC EQU 828806109 5,363,407 37,601 SH SOLE 11 37,601 0 0
WASHINGTON REAL ESTATE EQU 939653101 194,151 13,298 SH SOLE 11 13,298 0 0
ALEXANDRIA REAL ESTATE EQU 015271109 1,438,840 11,350 SH SOLE 11 11,350 0 0
REALTY INCOME CORP EQU 756109104 2,652,517 46,195 SH SOLE 11 46,195 0 0
SUN COMMUNITIES EQU 866674104 2,536,276 18,977 SH SOLE 11 18,977 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414 5,379,846 49,625 SH SOLE 11 49,625 0 0
BOSTON PPTYS INC EQU 101121101 446,071 6,357 SH SOLE 11 6,357 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100 991,912 32,352 SH SOLE 11 32,352 0 0
VORNADO RLTY TR EQU 929042109 219,390 7,766 SH SOLE 11 7,766 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106 1,523,025 35,337 SH SOLE 11 35,337 0 0
ISHARES CORE S&P 500 ETF EQU 464287200 38,408,139 80,414 SH SOLE 11 80,414 0 0
UDR INC EQU 902653104 848,162 22,151 SH SOLE 11 22,151 0 0
VICI PPTYS INC EQU 925652109 3,871,157 121,429 SH SOLE 11 121,429 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853 44,637,800 1,228,000 SH SOLE 11 1,228,000 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106 244,797 5,903 SH SOLE 11 5,903 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474 24,238,538 813,920 SH SOLE 11 813,920 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105 733,429 42,567 SH SOLE 11 42,567 0 0
BRANDYWINE REALTY EQU 105368203 119,345 22,101 SH SOLE 11 22,101 0 0
SAFEHOLD INC EQU 78646V107 1,043,546 44,596 SH SOLE 11 44,596 0 0
BROADSTONE NET LEASE INC EQU 11135E203 1,330,279 77,252 SH SOLE 11 77,252 0 0
EPR PROPERTIES EQU 26884U109 267,347 5,518 SH SOLE 11 5,518 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201 282,414 11,145 SH SOLE 11 11,145 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101 355,657 33,146 SH SOLE 11 33,146 0 0
AT&T INC EQU 00206R102 405,975 24,194 SH SOLE 12 24,194 0 0
ABBVIE INC EQU 00287Y109 915,253 5,906 SH SOLE 12 5,906 0 0
ADOBE INC EQU 00724F101 942,628 1,580 SH SOLE 12 1,580 0 0
ALPHABET INC CLASS C EQU 02079K107 2,495,870 17,710 SH SOLE 12 17,710 0 0
ALPHABET INC CLASS A EQU 02079K305 2,782,485 19,919 SH SOLE 12 19,919 0 0
ALTRIA GROUP INC. EQU 02209S103 210,534 5,219 SH SOLE 12 5,219 0 0
AMERICAN TOWER CORP EQU 03027X100 377,790 1,750 SH SOLE 12 1,750 0 0
BLACKROCK INC EQU 09247X101 410,771 506 SH SOLE 12 506 0 0
BOOKING HOLDINGS INC EQU 09857L108 422,119 119 SH SOLE 12 119 0 0
BROADCOM INC EQU 11135F101 1,554,936 1,393 SH SOLE 12 1,393 0 0
CME GROUP INC. EQU 12572Q105 276,307 1,312 SH SOLE 12 1,312 0 0
CISCO SYS INC EQU 17275R102 672,421 13,310 SH SOLE 12 13,310 0 0
COMCAST CORP NEW CL A EQU 20030N101 587,502 13,398 SH SOLE 12 13,398 0 0
CONOCOPHILLIPS EQU 20825C104 461,959 3,980 SH SOLE 12 3,980 0 0
COSTCO WHS L CORP NEW COM EQU 22160K105 1,032,365 1,564 SH SOLE 12 1,564 0 0
CROWN CASTLE INTERNATIONAL REIT CO EQU 22822V101 208,955 1,814 SH SOLE 12 1,814 0 0
D R HORTON INC COM EQU 23331A109 210,644 1,386 SH SOLE 12 1,386 0 0
DELL TECHNOLOGIES WHEN ISSUED INC EQU 24703L202 212,441 2,777 SH SOLE 12 2,777 0 0
DUKE ENERGY HLDG CORP EQU 26441C204 239,398 2,467 SH SOLE 12 2,467 0 0
EQUINIX REIT INC EQU 29444U700 1,990,924 2,472 SH SOLE 12 2,472 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107 3,738,466 61,126 SH SOLE 12 61,126 0 0
EXTRA SPACE STORAGE INC EQU 30225T102 3,372,862 21,037 SH SOLE 12 21,037 0 0
EXXON MOBIL CORP EQU 30231G102 1,338,332 13,386 SH SOLE 12 13,386 0 0
FACEBOOK INC EQU 30303M102 2,617,534 7,395 SH SOLE 12 7,395 0 0
FEDEX CORP EQU 31428X106 208,447 824 SH SOLE 12 824 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108 1,545,889 31,325 SH SOLE 12 31,325 0 0
GOLDMAN SA CHS GROUP INC EQU 38141G104 428,976 1,112 SH SOLE 12 1,112 0 0
HOST HOTELS & RESORTS INC EQU 44107P104 639,823 32,862 SH SOLE 12 32,862 0 0
INTUITIVE SURGICAL INC EQU 46120E602 413,941 1,227 SH SOLE 12 1,227 0 0
INVITATION HOMES INC EQU 46187W107 3,838,330 112,528 SH SOLE 12 112,528 0 0
JP MORGAN CHASE & CO EQU 46625H100 1,578,188 9,278 SH SOLE 12 9,278 0 0
KKR AND CO INC CLASS A EQU 48251W104 224,441 2,709 SH SOLE 12 2,709 0 0
KIMCO REALTY CORP EQU 49446R109 900,433 42,254 SH SOLE 12 42,254 0 0
MARATHON PETROLEUM CORP EQU 56585A102 271,647 1,831 SH SOLE 12 1,831 0 0
MASTERCARD INC CLASS A EQU 57636Q104 1,213,421 2,845 SH SOLE 12 2,845 0 0
MCKESSON CORP EQU 58155Q103 277,788 600 SH SOLE 12 600 0 0
MERCK & CO. INC. EQU 58933Y105 915,659 8,399 SH SOLE 12 8,399 0 0
MID AMERICA APT EQU 59522J103 1,376,198 10,235 SH SOLE 12 10,235 0 0
NETFLIX INC EQU 64110L106 721,556 1,482 SH SOLE 12 1,482 0 0
NEXTERA ENERGY INC EQU 65339F101 403,860 6,649 SH SOLE 12 6,649 0 0
NVIDIA CORP EQU 67066G104 4,068,232 8,215 SH SOLE 12 8,215 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107 269,823 284 SH SOLE 12 284 0 0
ORACLE CORP COM EQU 68389X105 567,108 5,379 SH SOLE 12 5,379 0 0
PROLOGIS INC EQU 74340W103 5,165,642 38,752 SH SOLE 12 38,752 0 0
PUBLIC STORAGE EQU 74460D109 4,276,100 14,020 SH SOLE 12 14,020 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107 317,063 361 SH SOLE 12 361 0 0
S&P GLOBAL INC EQU 78409V104 403,957 917 SH SOLE 12 917 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104 3,096,033 12,204 SH SOLE 12 12,204 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103 37,904,071 79,746 SH SOLE 12 79,746 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622 20,169,248 212,913 SH SOLE 12 212,913 0 0
SALESFORCE.COM INC EQU 79466L302 904,938 3,439 SH SOLE 12 3,439 0 0
SERVICENOW INC EQU 81762P102 463,457 656 SH SOLE 12 656 0 0
TESLA INC EQU 88160R101 2,377,705 9,569 SH SOLE 12 9,569 0 0
UBER TECHNOLOGIES INC EQU 90353T100 370,651 6,020 SH SOLE 12 6,020 0 0
UNITEDHEALTH GROUP INC EQU 91324P102 1,687,863 3,206 SH SOLE 12 3,206 0 0
VENTAS INC EQU 92276F100 2,327,079 46,691 SH SOLE 12 46,691 0 0
VERIZON COMMUNICATIONS EQU 92343V104 548,987 14,562 SH SOLE 12 14,562 0 0
VERTEX PHARMACEUTICALS EQU 92532F100 378,815 931 SH SOLE 12 931 0 0
VISA INC EQU 92826C839 1,387,666 5,330 SH SOLE 12 5,330 0 0
WASTE MGMT INC DEL EQU 94106L109 246,800 1,378 SH SOLE 12 1,378 0 0
ZOETIS INC EQU 98978V103 315,003 1,596 SH SOLE 12 1,596 0 0
ACCENTURE PLC EQU G1151C101 751,649 2,142 SH SOLE 12 2,142 0 0
EATON CORP PLC EQU G29183103 351,597 1,460 SH SOLE 12 1,460 0 0
MEDTRONIC PLC EQU G5960L103 374,829 4,550 SH SOLE 12 4,550 0 0
CHUBB LTD EQU H1467J104 275,720 1,220 SH SOLE 12 1,220 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103 2,504,700 126,500 SH SOLE 12 126,500 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103 4,696,373 89,166 SH SOLE 12 89,166 0 0
AMERICOLD REALTY TRUST EQU 03064D108 1,300,308 42,957 SH SOLE 12 42,957 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105 1,087,640 46,740 SH SOLE 12 46,740 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108 213,549 8,332 SH SOLE 12 8,332 0 0
INGERSOLL RAND INC EQU 45687V106 208,973 2,702 SH SOLE 12 2,702 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101 967,312 68,946 SH SOLE 12 68,946 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100 1,642,496 29,278 SH SOLE 12 29,278 0 0
BLACKSTONE INC EQU 09260D107 349,818 2,672 SH SOLE 12 2,672 0 0
TRANE TECHNOLOGIES PLC EQU G8994E103 226,827 930 SH SOLE 12 930 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638 43,804,332 842,391 SH SOLE 12 842,391 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646 103,930,015 2,026,914 SH SOLE 12 2,026,914 0 0
ABBOTT LABS EQU 002824100 649,083 5,897 SH SOLE 12 5,897 0 0
ADVANCED MICRO DEVICES INC EQU 007903107 795,424 5,396 SH SOLE 12 5,396 0 0
AMAZON COM INC EQU 023135106 4,704,974 30,966 SH SOLE 12 30,966 0 0
AMERICAN EXPRESS CO EQU 025816109 440,624 2,352 SH SOLE 12 2,352 0 0
AMGEN INC EQU 031162100 514,116 1,785 SH SOLE 12 1,785 0 0
ANTHEM INC EQU 036752103 411,672 873 SH SOLE 12 873 0 0
APPLE INC. EQU 037833100 10,124,190 52,585 SH SOLE 12 52,585 0 0
APPLIED MATERIALS INC EQU 038222105 461,575 2,848 SH SOLE 12 2,848 0 0
ARISTA NETWORKS INC EQU 040413106 200,890 853 SH SOLE 12 853 0 0
AUTOMATIC DATA PROCESSING INC COM EQU 053015103 322,198 1,383 SH SOLE 12 1,383 0 0
AVALONBAY CMNTYS INC EQU 053484101 4,499,271 24,032 SH SOLE 12 24,032 0 0
BANK AMER CORP COM EQU 060505104 740,471 21,992 SH SOLE 12 21,992 0 0
BECTON DICKINSON EQU 075887109 242,123 993 SH SOLE 12 993 0 0
BERKSHIRE HATHAWAY INC - CL B EQU 084670702 1,504,749 4,219 SH SOLE 12 4,219 0 0
BOEING CO EQU 097023105 433,999 1,665 SH SOLE 12 1,665 0 0
BOSTON SCI ENTIFIC CORP COM EQU 101137107 343,276 5,938 SH SOLE 12 5,938 0 0
BRISTOL MYERS SQUIBB CO EQU 110122108 280,153 5,460 SH SOLE 12 5,460 0 0
CATERPILLAR INC EQU 149123101 450,601 1,524 SH SOLE 12 1,524 0 0
CHARLES SCHWAB EQU 808513105 296,322 4,307 SH SOLE 12 4,307 0 0
CHEVRON CORP EQU 166764100 886,756 5,945 SH SOLE 12 5,945 0 0
CHIPOTLE MEXICAN GRILL EQU 169656105 230,983 101 SH SOLE 12 101 0 0
CIGNA CORPORATION EQU 125523100 289,269 966 SH SOLE 12 966 0 0
CITIGROUP INC EQU 172967424 322,786 6,275 SH SOLE 12 6,275 0 0
COCA COLA CO. EQU 191216100 812,880 13,794 SH SOLE 12 13,794 0 0
CSX CORP EQU 126408103 294,834 8,504 SH SOLE 12 8,504 0 0
CVS HEALTH CORPORATION EQU 126650100 332,185 4,207 SH SOLE 12 4,207 0 0
DANAHER CO RP COM EQU 235851102 489,515 2,116 SH SOLE 12 2,116 0 0
DEERE & CO. EQU 244199105 392,272 981 SH SOLE 12 981 0 0
DIGITAL REALTY TRUST INC EQU 253868103 7,948,160 59,059 SH SOLE 12 59,059 0 0
DISNEY WALT CO EQU 254687106 572,619 6,342 SH SOLE 12 6,342 0 0
ELI LILLY & CO EQU 532457108 1,604,196 2,752 SH SOLE 12 2,752 0 0
EMERSON ELEC CO EQU 291011104 204,004 2,096 SH SOLE 12 2,096 0 0
ESSEX PROPERTY EQU 297178105 960,520 3,874 SH SOLE 12 3,874 0 0
FISERV INC COM EQU 337738108 269,267 2,027 SH SOLE 12 2,027 0 0
FORD MTR C O DEL COM PAR USD0.01 EQU 345370860 123,729 10,150 SH SOLE 12 10,150 0 0
GENERAL DYNAMICS CORP EQU 369550108 238,896 920 SH SOLE 12 920 0 0
GILEAD SCIENCES INC EQU 375558103 329,063 4,062 SH SOLE 12 4,062 0 0
HOME DEPOT INC EQU 437076102 967,914 2,793 SH SOLE 12 2,793 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106 471,009 2,246 SH SOLE 12 2,246 0 0
HUMANA INC COM EQU 444859102 214,713 469 SH SOLE 12 469 0 0
ILLINOIS TOOL WKS INC EQU 452308109 355,976 1,359 SH SOLE 12 1,359 0 0
INTEL CORP EQU 458140100 704,153 14,013 SH SOLE 12 14,013 0 0
INTERNATIONAL BUSINESS MACHINES CORP EQU 459200101 485,089 2,966 SH SOLE 12 2,966 0 0
INTUIT INC. EQU 461202103 555,652 889 SH SOLE 12 889 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513 22,757,149 294,058 SH SOLE 12 294,058 0 0
ISHARES TRUST RUSSELL 2000 INDEX FUND EQU 464287655 2,007,100 10,000 SH SOLE 12 10,000 0 0
JOHNSON & JOHNSON EQU 478160104 1,139,813 7,272 SH SOLE 12 7,272 0 0
LAM RESEARCH CORP. EQU 512807108 373,615 477 SH SOLE 12 477 0 0
LOCKHEED MARTIN CORP EQU 539830109 352,167 777 SH SOLE 12 777 0 0
LOWES COS INC USD0.50 EQU 548661107 441,539 1,984 SH SOLE 12 1,984 0 0
MARRIOTT I NTL INC NEW CL A EQU 571903202 226,638 1,005 SH SOLE 12 1,005 0 0
MARSH MCLENNAN COS INC EQU 571748102 394,477 2,082 SH SOLE 12 2,082 0 0
MCDONALDS CORP EQU 580135101 644,909 2,175 SH SOLE 12 2,175 0 0
MICROSOFT CORP EQU 594918104 8,870,032 23,588 SH SOLE 12 23,588 0 0
MONDELEZ INTERNATIONAL INC EQU 609207105 344,984 4,763 SH SOLE 12 4,763 0 0
MOODYS CORP EQU 615369105 311,276 797 SH SOLE 12 797 0 0
MORGAN STANLEY EQU 617446448 388,853 4,170 SH SOLE 12 4,170 0 0
NIKE INC CL B EQU 654106103 462,291 4,258 SH SOLE 12 4,258 0 0
NORTHROP GRUMMAN CORP EQU 666807102 239,220 511 SH SOLE 12 511 0 0
PARK HOTELS RESORTS INC EQU 700517105 463,559 30,298 SH SOLE 12 30,298 0 0
PEPSICO INC. EQU 713448108 809,288 4,765 SH SOLE 12 4,765 0 0
PFIZER INC EQU 717081103 577,038 20,043 SH SOLE 12 20,043 0 0
PHILIP MORRIS INTL. EQU 718172109 484,136 5,146 SH SOLE 12 5,146 0 0
PIONEER NA T RES CO COM EQU 723787107 228,928 1,018 SH SOLE 12 1,018 0 0
PROCTER & GAMBLE CO EQU 742718109 1,141,840 7,792 SH SOLE 12 7,792 0 0
PROGRESSIVE CORP EQU 743315103 360,291 2,262 SH SOLE 12 2,262 0 0
QUALCOMM INC EQU 747525103 545,255 3,770 SH SOLE 12 3,770 0 0
SCHLUMBERGER LTD EQU 806857108 260,772 5,011 SH SOLE 12 5,011 0 0
SHERWIN WILLIAMS CO EQU 824348106 218,954 702 SH SOLE 12 702 0 0
SIMON PPTY GROUP INC EQU 828806109 6,729,327 47,177 SH SOLE 12 47,177 0 0
SOUTHERN CO EQU 842587107 253,063 3,609 SH SOLE 12 3,609 0 0
STARBUCKS CORP EQU 855244109 232,920 2,426 SH SOLE 12 2,426 0 0
STRYKER CORP EQU 863667101 328,508 1,097 SH SOLE 12 1,097 0 0
TARGET CORP EQU 87612E106 238,838 1,677 SH SOLE 12 1,677 0 0
TEXAS INST RS INC COM EQU 882508104 463,651 2,720 SH SOLE 12 2,720 0 0
THERMO FIS HER SCIENTIFIC INC COM EQU 883556102 693,743 1,307 SH SOLE 12 1,307 0 0
UNION PACIFIC CORP EQU 907818108 503,030 2,048 SH SOLE 12 2,048 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106 349,680 2,224 SH SOLE 12 2,224 0 0
US BANCORP EQU 902973304 220,295 5,090 SH SOLE 12 5,090 0 0
WALMART INC EQU 931142103 696,498 4,418 SH SOLE 12 4,418 0 0
WASHINGTON REAL ESTATE EQU 939653101 224,066 15,347 SH SOLE 12 15,347 0 0
WELLS FARGO CO EQU 949746101 620,763 12,612 SH SOLE 12 12,612 0 0
ALEXANDRIA REAL ESTATE EQU 015271109 1,860,603 14,677 SH SOLE 12 14,677 0 0
REALTY INCOME CORP EQU 756109104 3,244,402 56,503 SH SOLE 12 56,503 0 0
SUN COMMUNITIES EQU 866674104 3,099,076 23,188 SH SOLE 12 23,188 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414 128,559,191 1,185,861 SH SOLE 12 1,185,861 0 0
AIR PRODUCTS & CHEM EQU 009158106 213,838 781 SH SOLE 12 781 0 0
AMERICAN INTL GROUP INC EQU 026874784 219,917 3,246 SH SOLE 12 3,246 0 0
AMPHENOL CORP. EQU 032095101 355,877 3,590 SH SOLE 12 3,590 0 0
ANALOG DEVICES INC EQU 032654105 334,971 1,687 SH SOLE 12 1,687 0 0
BOSTON PPTYS INC EQU 101121101 603,462 8,600 SH SOLE 12 8,600 0 0
CADENCE DESIGN SYSTEMS INC EQU 127387108 225,795 829 SH SOLE 12 829 0 0
KLA CORP EQU 482480100 287,162 494 SH SOLE 12 494 0 0
MICRON TEC HNOLOGY INC COM EQU 595112103 352,284 4,128 SH SOLE 12 4,128 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100 1,195,740 39,000 SH SOLE 12 39,000 0 0
ONEOK INC EQU 682680103 200,338 2,853 SH SOLE 12 2,853 0 0
PALO ALTO NETWORKS INC EQU 697435105 342,651 1,162 SH SOLE 12 1,162 0 0
ROPER TECHNOLOGIES INC EQU 776696106 254,594 467 SH SOLE 12 467 0 0
SYNOPSYS INC EQU 871607107 240,978 468 SH SOLE 12 468 0 0
T-MOBILE US INC EQU 872590104 354,329 2,210 SH SOLE 12 2,210 0 0
TJX COMPANIES INC EQU 872540109 346,440 3,693 SH SOLE 12 3,693 0 0
VORNADO RLTY TR EQU 929042109 264,477 9,362 SH SOLE 12 9,362 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106 1,871,014 43,411 SH SOLE 12 43,411 0 0
ISHARES CORE S&P 500 ETF EQU 464287200 44,897,220 94,000 SH SOLE 12 94,000 0 0
UDR INC EQU 902653104 1,006,989 26,299 SH SOLE 12 26,299 0 0
VICI PPTYS INC EQU 925652109 4,839,193 151,794 SH SOLE 12 151,794 0 0
AON PLC CLASS A EQU G0403H108 256,971 883 SH SOLE 12 883 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101 392,850 4,669 SH SOLE 12 4,669 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853 18,175,000 500,000 SH SOLE 12 500,000 0 0
MERCADOLIBRE INC EQU 58733R102 227,873 145 SH SOLE 12 145 0 0
GENERAL ELECTRIC EQU 369604301 415,308 3,254 SH SOLE 12 3,254 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106 295,681 7,130 SH SOLE 12 7,130 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474 21,968,557 737,695 SH SOLE 12 737,695 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105 940,965 54,612 SH SOLE 12 54,612 0 0
ISHARES YEAR INVESTMENT GRADE CO EQU 464289511 1,884,932 35,774 SH SOLE 12 35,774 0 0
BRANDYWINE REALTY EQU 105368203 138,078 25,570 SH SOLE 12 25,570 0 0
GE HEALTHCARE TECHNOLOGIES WHEN IS EQU 36266G107 200,955 2,599 SH SOLE 12 2,599 0 0
SAFEHOLD INC EQU 78646V107 1,301,976 55,640 SH SOLE 12 55,640 0 0
LINDE PLC EQU G54950103 625,101 1,522 SH SOLE 12 1,522 0 0
ISHARES MBS ETF EQU 464288588 5,283,062 56,155 SH SOLE 12 56,155 0 0
BROADSTONE NET LEASE INC EQU 11135E203 1,660,249 96,414 SH SOLE 12 96,414 0 0
EPR PROPERTIES EQU 26884U109 333,821 6,890 SH SOLE 12 6,890 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201 347,234 13,703 SH SOLE 12 13,703 0 0
ISHARES IBOXX INV GR CORP BD ETF EQU 464287242 27,785,619 251,090 SH SOLE 12 251,090 0 0
ISHARES MSCI USA QUALITY FACTOR ET EQU 46432F339 3,753,541 25,510 SH SOLE 12 25,510 0 0
ISHARES -5 YEAR HIGH YIELD CORPORA EQU 46434V407 4,628,241 109,622 SH SOLE 12 109,622 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101 444,072 41,386 SH SOLE 12 41,386 0 0