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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Brandywine Realty Trust | $15.7M | 3923145 | 36.37% |
| 2 | Orion Properties Inc | $12.5M | 5474027 | 28.99% |
| 3 | Alexandria Real Estate Equities Inc | $7.9M | 160000 | 18.33% |
| 4 | Vale SA | $7.1M | 520000 | 16.31% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.