| Security | Shares | Book Value | Market Value |
|---|
|
| ADELANTE CAPITAL | 200,000,000.00 | 200,000,000.00 | 148,158,800.00 |
| AFI DEVELOPMENT | 461,826.00 | 6,095,758.78 | 3,565,296.72 |
| ALEXANDERS INC | 9,744.00 | 3,467,525.51 | 3,026,486.40 |
| ALEXANDRIA REAL ESTATE EQUIT | 61,845.00 | 5,134,282.49 | 6,019,992.30 |
| AMB PPTY CORP | 189,927.00 | 8,950,386.75 | 9,568,522.26 |
| APARTMENT INVT + MGMT CO | 174,108.00 | 8,723,456.65 | 5,930,118.48 |
| ASEANA PROPERTIES | 800,000.00 | 800,000.00 | 528,000.00 |
| AVALONBAY CMNTYS INC | 149,083.00 | 13,890,694.47 | 13,292,240.28 |
| BIOMED RLTY TR INC | 137,811.00 | 3,959,976.68 | 3,380,503.83 |
| BOSTON PPTYS INC | 230,797.00 | 18,767,096.35 | 20,822,505.34 |
| BRANDYWINE RLTY TR | 169,231.00 | 5,110,392.37 | 2,667,080.56 |
| BRE PPTYS INC | 99,375.00 | 4,732,453.87 | 4,300,950.00 |
| BROOKFIELD PPTYS CORP | 196,097.00 | 5,145,141.41 | 3,488,565.63 |
| CAMDEN PPTY TR | 102,228.00 | 5,809,457.75 | 4,524,611.28 |
| CBL + ASSOC PPTYS INC | 128,041.00 | 4,232,036.42 | 2,924,456.44 |
| COLONIAL PPTYS TR | 91,608.00 | 4,255,866.63 | 1,833,992.16 |
| CORPORATE OFFICE PPTYS TR | 92,090.00 | 4,103,893.35 | 3,161,449.70 |
| DCT INDUSTRIAL TRUST INC | 332,320.00 | 3,288,933.93 | 2,751,609.60 |
| DEVELOPERS DIVERSIFIED RLTY | 231,734.00 | 10,615,687.43 | 8,043,487.14 |
| DIAMONDROCK HOSPITALITY CO | 186,801.00 | 3,184,828.34 | 2,034,262.89 |
| DIGITAL RLTY TR INC | 126,800.00 | 4,359,967.68 | 5,187,388.00 |
| DOUGLAS EMMETT INC | 233,157.00 | 5,472,582.35 | 5,122,459.29 |
| DUKE RLTY CORP | 282,439.00 | 9,804,668.87 | 6,340,755.55 |
| DUPONT FABROS TECHNOLOGY INC | 69,457.00 | 1,371,495.05 | 1,294,678.48 |
| ENINGEN RLTY INC | 328.00 | - | - |
*These are transactions that do not apply to a specific partnership and do not affect the NAV of the partneships,
but do affect the overall real estate NAV at cost and market. This is activity outside of the GL posting templates.
