| JLP Asset Management, LLC | 163,900 | $8,088,465 | 9.94% |
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| Long Pond Capital | 2,242,123 | $110,648,770 | 6.32% |
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| GRS Advisors, LLC | 671,013 | $33,114,492 | 5.86% |
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| Presima Securities ULC | 359,400 | $17,736,390 | 4.60% |
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| GSI Capital Advisors LLC | 131,734 | $6,497,294 | 4.54% |
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| Hazelview Securities Inc. | 478,581 | $23,311,681 | 4.24% |
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| American Assets Capital Advisers, LLC | 295,833 | $14,599,359 | 4.12% |
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| B&I Capital AG | 224,266 | $11,067,527 | 4.00% |
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| Waterfront Capital Partners, LLC | 818,296 | $40,382,908 | 3.96% |
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| Land & Buildings Investment Management | 355,117 | $17,525,024 | 3.85% |
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| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | 1,679,068 | $82,862,006 | 3.70% |
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| NFJ INVESTMENT GROUP, LLC | 2,362,839 | $116,606,105 | 3.40% |
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| HEITMAN REAL ESTATE SECURITIES LLC | 937,119 | $46,246,823 | 2.78% |
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| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | 2,784,931 | $137,436,345 | 2.76% |
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| Ranger Global Real Estate Advisors, LLC | 319,184 | $15,751,730 | 2.38% |
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| CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3,730,804 | $184,115,178 | 2.32% |
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| HGI Capital Management, LLC | 40,169 | $1,982,340 | 2.25% |
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| Vert Asset Management LLC | 84,853 | $4,187,496 | 2.12% |
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| PGGM Investments | 2,341,014 | $115,529 | 1.99% |
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| Weiss Multi-Strategy Advisers LLC | 1,657,930 | $81,819 | 1.94% |
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