# EDGAR Filing Document

**Accession Number:** 0001515001
**File Stem:** 0001193125-26-083185
**Filing Date:** 2026-2
**Character Count:** 64800
**Document Hash:** bfa34736489217219316a118d65c19c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-083185.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-083185

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Harrison Street Real Estate Fund LLC
- **CENTRAL INDEX KEY:** 0001515001

**ORGANIZATION NAME:**
- **EIN:** 451872199
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22534
- **FILM NUMBER:** 26701779

**BUSINESS ADDRESS:**
- **STREET 1:** 5050 S. SYRACUSE ST., SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 303-895-3773

**MAIL ADDRESS:**
- **STREET 1:** 5050 S. SYRACUSE ST., SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Versus Capital Real Estate Fund LLC
- **DATE OF NAME CHANGE:** 20240729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Versus Capital Multi-Manager Real Estate Income Fund LLC
- **DATE OF NAME CHANGE:** 20110831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Versus Global Multi-Manager Real Estate Income Fund LLC
- **DATE OF NAME CHANGE:** 20110310

## Nport-Ex

**HARRISON STREET REAL ESTATE FUND LLC**

**Schedule of Investments**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Number<br> of Shares** |  | **Value** |
| **Private Investment Funds<sup>(a)</sup> — 83.1%** | **Private Investment Funds<sup>(a)</sup> — 83.1%** |  |
|  | **Diversified — 83.1%** |  |
|  | AEW Value Investors US LP<sup>(b)(c)</sup> | $30577991 |
| 16219769 | CBRE U.S. Core Partners LP | 24167456 |
| 155361132 | CBRE U.S. Logistics Partners LP<sup>(b)</sup> | 202187927 |
| 45895 | Clarion Gables Multifamily Trust LP | 67016293 |
| 80715 | Clarion Lion Properties Fund LP | 121334208 |
|  | DigitalBridge AI Infrastructure B LP<sup>(b)(d)</sup> | 26551160 |
|  | DigitalBridge AI Infrastructure D LP<sup>(b)(e)</sup> | 41554979 |
| 74967 | GI Partners ETS Fund<sup>(b)</sup> | 67300000 |
| 24056 | Harrison Street Core Property Fund LP | 34193505 |
| 76093 | Heitman America Real Estate Trust LP | 94934554 |
| 64150 | Heitman Core Real Estate Debt Income Trust LP | 32703848 |
| 62908 | Hines European Property Partners<sup>(b)</sup> | 92041966 |
| 744 | Invesco Core Real Estate USA LP | 115264341 |
| 492050 | Invesco Real Estate Asia Fund | 53920354 |
|  | Sagard Real Estate - US Property Fund<sup>(b)(f)</sup> | 95985282 |
| 766 | Trumbull Property Income Fund LP | 9379431 |
| 2012 | UBS Trumbull Property Fund LP | 17767759 |
|  | US Government Building Open-End Feeder LP<sup>(g)</sup> | 40415451 |
|  | USGBF Alpha Feeder LP<sup>(h)(i)</sup> | 26044527 |
| 56734 | Walton Street Real Estate Core-Plus Fund LP<sup>(b)</sup> | 68503886 |
|  | **Total Private Investment Funds** | 1261844918 |
|  | (Cost $1,285,246,426) |  |
| **Common Stocks — 21.6%** | **Common Stocks — 21.6%** |  |
|  | **Medical-Nursing Home — 0.1%** |  |
| 92700 | Chartwell Retirement Residences (Canada) | 1357475 |
|  | **Real Estate Management/Service — 0.1%** |  |
| 418699 | Qualitas Ltd. (Australia) | 999289 |
|  | **Real Estate Operations/Developments — 0.7%** |  |
| 38334 | CTP N.V. (Netherlands) | 803284 |
| 1085000 | Hang Lung Properties, Ltd. (Hong Kong) | 1201451 |
| 487000 | Hongkong Land Holdings Ltd. (Hong Kong) | 3383043 |
| 389100 | Mitsui Fudosan Company Ltd. (Japan) | 4421838 |
| 852447 | Qualitas Real Estate Income Fund (Australia) | 907343 |
|  |  | 10716959 |
|  | **REITS-Apartments — 3.5%** |  |
| 207551 | American Homes 4 Rent, Class A Shares, REIT | 6662387 |
| 38343 | AvalonBay Communities, Inc., REIT | 6951970 |
| 23551 | Camden Property Trust, REIT | 2592494 |
| 2148814 | Centurion Accommodation, REIT<sup>(j)</sup> | 1853256 |

---

---

| | | |
|:---|:---|:---|
| **Number<br> of Shares** |  | **Value** |
|  | **REITS-Apartments - (continued)** |  |
| 282 | Comforia Residential, Inc., REIT (Japan) | $599674 |
| 1748 | Daiwa House REIT Investment Corp., REIT (Japan) | 1597562 |
| 153726 | Equity Residential, REIT | 9690887 |
| 23002 | Essex Property Trust, Inc., REIT | 6019163 |
| 172550 | GO Residential Real Estate Investment Trust, REIT (Canada) | 2022286 |
| 3702 | Invincible Investment Corp., REIT (Japan) | 1520151 |
| 314580 | Invitation Homes, Inc., REIT | 8742178 |
| 723 | Mitsui Fudosan Accommodations Fund, Inc., REIT (Japan) | 619909 |
| 82090 | UDR, Inc., REIT | 3011061 |
| 124343 | UNITE Group, PLC (The), REIT (United Kingdom) | 936117 |
|  |  | 52819095 |
|  | **REITS-Diversified — 4.5%** |  |
| 114469 | Broadstone Net Lease, Inc., REIT | 1988327 |
| 9151 | Crown Castle Inc., REIT | 813249 |
| 82466 | Digital Realty Trust, Inc., REIT | 12758315 |
| 21932 | Equinix, Inc., REIT | 16803421 |
| 86661 | FrontView, Inc., REIT | 1279116 |
| 89655 | Gaming and Leisure Properties, Inc., REIT | 4006682 |
| 697464 | Keppel DC REIT (Singapore) | 1219613 |
| 832900 | Mapletree Logistics Trust, REIT (Singapore) | 853505 |
| 392128 | Mercialys SA, REIT (France) | 5076972 |
| 108711 | Merlin Properties Socimi SA, REIT (Spain) | 1582704 |
| 1012546 | Mirvac Group, REIT (Australia) | 1380130 |
| 2491 | Sekisui House Reit, Inc., (Japan) | 1429835 |
| 826114 | Stockland, REIT (Australia) | 3149653 |
| 526080 | Stoneweg Europe Stapled Trust, REIT (Singapore) | 1006594 |
| 477644 | VICI Properties, Inc., REIT | 13431349 |
| 57050 | Warehouses De Pauw CVA, REIT (Belgium) | 1479532 |
|  |  | 68258997 |
|  | **REITS-Health Care — 3.8%** |  |
| 34856 | American Healthcare REIT, Inc. | 1640323 |
| 17805 | National Health Investors, Inc., REIT | 1359768 |
| 845996 | Physicians Realty Trust, REIT | 13603616 |
| 388716 | Sabra Health Care REIT, Inc. | 7362281 |
| 288555 | Ventas, Inc., REIT | 22328386 |
| 58304 | Welltower, Inc., REIT | 10821805 |
|  |  | 57116179 |
|  | **REITS-Hotels — 0.7%** |  |
| 513552 | Host Hotels & Resorts, Inc., REIT | 9105277 |
| 119580 | Pebblebrook Hotel Trust, REIT | 1353645 |
|  |  | 10458922 |

---

**HARRISON STREET REAL ESTATE FUND LLC**

**Schedule of Investments - Continued**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Number<br> of Shares** |  | **Value** |
|  | **REITS-Manufactured Homes — 0.2%** |  |
| 17613 | Sun Communities, Inc., REIT | $2182427 |
|  | **REITS-Office Property — 0.7%** |  |
| 52771 | Boston Properties, Inc., REIT | 3560987 |
| 172207 | Brandywine Realty Trust, REIT | 502845 |
| 1120511 | Centuria Capital Group, REIT (Australia) | 1504109 |
| 24647 | COPT Defense Properties, REIT | 685187 |
| 107268 | Cousins Properties, Inc., REIT | 2765369 |
| 1108 | Japan Real Estate Investment Corp., REIT (Japan) | 925736 |
| 30275 | Kilroy Realty Corp., REIT | 1131377 |
|  |  | 11075610 |
|  | **REITS-Regional Malls — 1.1%** |  |
| 115538 | Klepierre SA, REIT (France) | 4571402 |
| 425530 | Macerich Co. (The), REIT | 7855284 |
| 25070 | Simon Property Group, Inc., REIT | 4640708 |
|  |  | 17067394 |
|  | **REITS-Shopping Centers — 1.5%** |  |
| 57156 | Federal Realty Investment Trust, REIT | 5761325 |
| 221015 | Kimco Realty Corp., REIT | 4479974 |
| 322179 | Kite Realty Group Trust, REIT | 7722630 |
| 110247 | NETSTREIT Corp., REIT | 1944757 |
| 30161 | Regency Centers Corp., REIT | 2082014 |
| 13244 | Unibail-Rodamco-Westfield, REIT (France) | 1440276 |
|  |  | 23430976 |
|  | **REITS-Single Tenant — 0.9%** |  |
| 75405 | Agree Realty Corp., REIT | 5431422 |
| 212815 | National Retail Properties, Inc., REIT | 8433859 |
|  |  | 13865281 |
|  | **REITS-Storage — 1.2%** |  |
| 100100 | CubeSmart, REIT | 3608605 |
| 40216 | Extra Space Storage, Inc., REIT | 5236928 |
| 38871 | Iron Mountain, Inc., REIT | 3224349 |
| 21662 | Public Storage, REIT | 5621289 |
| 103692 | Safestore Holdings, PLC, REIT (United Kingdom) | 1026787 |
|  |  | 18717958 |
|  | **REITS-Warehouse/Industries — 2.6%** |  |
| 843 | CRE Logistics REIT, Inc., REIT (Japan) | 906129 |
| 73900 | Dream Industrial Real Estate Investment Trust, REIT (Canada) | 677300 |
| 15911 | EastGroup Properties, Inc., REIT | 2834386 |
| 151000 | ESR Kendall Square, REIT, Co., Ltd. (South Korea) | 446932 |

---

---

| | | |
|:---|:---|:---|
| **Number<br> of Shares** |  | **Value** |
|  | **REITS-Warehouse/Industries - (continued)** |  |
| 240144 | Goodman Group, REIT (Australia) | $4941598 |
| 1096 | Mitsubishi Estate Logistics Investment Corp., REIT (Japan) | 929596 |
| 281600 | Nexus Industrial, REIT (Canada) | 1620749 |
| 168868 | Prologis, Inc., REIT | 21557689 |
| 160591 | Rexford Industrial Realty, Inc., REIT | 6218084 |
|  |  | 40132463 |
|  | **Total Common Stocks** | 328199025 |
|  | (Cost $303,714,916) |  |
| **Preferred Stocks — 1.5%** | **Preferred Stocks — 1.5%** |  |
|  | **REITS-Apartments — 0.1%** |  |
|  | American Homes 4 Rent, REIT, |  |
| 17300 | &nbsp;&nbsp;Series G, 5.88% | 399457 |
| 24239 | &nbsp;&nbsp;Series H, 6.25% | 589250 |
|  |  | 988707 |
|  | **REITS-Diversified — 0.1%** |  |
| 19035 | Armada Hoffler Properties, Inc., REIT, Series A, 6.75% | 402210 |
|  | Digital Realty Trust, Inc., REIT |  |
| 10210 | &nbsp;&nbsp;Series J, 5.25% | 211449 |
| 3627 | &nbsp;&nbsp;Series K, 5.85% | 86576 |
| 22875 | &nbsp;&nbsp;Series L, 5.20% | 468251 |
|  |  | 1168486 |
|  | **REITS-Hotels — 0.3%** |  |
| 65300 | Chatham Lodging Trust, REIT, Series A, 6.63% | 1285757 |
|  | Pebblebrook Hotel Trust, REIT, |  |
| 58390 | &nbsp;&nbsp;Series G, 6.38% | 1091893 |
| 41305 | &nbsp;&nbsp;Series H, 5.70% | 730272 |
|  | Sunstone Hotel Investors, Inc., REIT, |  |
| 27050 | &nbsp;&nbsp;Series H, 6.13% | 539648 |
| 48870 | &nbsp;&nbsp;Series I, 5.70% | 942702 |
|  |  | 4590272 |
|  | **REITS-Office Property — 0.3%** |  |
| 103 | Highwoods Properties, Inc., REIT, Series A, 8.63% | 107185 |
| 59338 | SL Green Realty Corp., REIT, Series I, 6.50% | 1246098 |
|  | Vornado Realty Trust, REIT, |  |
| 20540 | &nbsp;&nbsp;Series L, 5.40% | 362942 |
| 86404 | &nbsp;&nbsp;Series M, 5.25% | 1464548 |
| 29465 | &nbsp;&nbsp;Series N, 5.25% | 497958 |
| 96176 | &nbsp;&nbsp;Series O, 4.45% | 1370508 |
|  |  | 5049239 |

---

**HARRISON STREET REAL ESTATE FUND LLC**

**Schedule of Investments - Continued**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Number<br> of Shares** |  | **Value** |
|  | **REITS-Shopping Centers — 0.3%** |  |
|  | Kimco Realty Corp., REIT |  |
| 62 | &nbsp;&nbsp;Series L, 5.13% | $1252 |
| 3550 | &nbsp;&nbsp;Series M, 5.25% | 73308 |
| 17550 | &nbsp;&nbsp;Series N, 7.25%<sup>(k)</sup> | 1027903 |
|  | Regency Centers Corp., REIT, |  |
| 88361 | &nbsp;&nbsp;Series A, 6.25% | 2081785 |
| 60443 | &nbsp;&nbsp;Series B, 5.88% | 1364199 |
|  | Saul Centers, Inc., REIT, |  |
| 8400 | &nbsp;&nbsp;Series D, 6.13% | 174804 |
| 28408 | &nbsp;&nbsp;Series E, 6.00% | 648271 |
|  |  | 5371522 |
|  | **REITS-Storage — 0.3%** |  |
| 12655 | National Storage Affiliates Trust, REIT, Series A, 6.00% | 266388 |
|  | Public Storage, REIT, |  |
| 17980 | &nbsp;&nbsp;Series G, 5.05% | 362477 |
| 86941 | &nbsp;&nbsp;Series H, 5.60% | 1987471 |
| 1935 | &nbsp;&nbsp;Series I, 4.88% | 37365 |
| 19380 | &nbsp;&nbsp;Series J, 4.70% | 361631 |
| 8303 | &nbsp;&nbsp;Series L, 4.63% | 153605 |
| 5734 | &nbsp;&nbsp;Series O, 3.90% | 89737 |
| 47818 | &nbsp;&nbsp;Series P, 4.00% | 760784 |
| 5849 | &nbsp;&nbsp;Series R, 4.00% | 93350 |
|  |  | 4112808 |
|  | **REITS-Warehouse/Industries — 0.1%** |  |
| 45250 | Rexford Industrial Realty, Inc., REIT, Series C, 5.63% | 969255 |
|  | **Telecom Service — 0.0%** |  |
| 22905 | DigitalBridge Group, Inc., Series I, 7.15% | 508491 |
|  | **Total Preferred Stocks** | **22758780** |
|  | (Cost $26,225,187) |  |
| **Short-Term Investments — 1.2%** | **Short-Term Investments — 1.2%** |  |
| 18185499 | Fidelity Investments Money Market Treasury Portfolio, Institutional Share Class, 3.66% | **18185499** |
|  | **Total Short-Term Investments** | **18185499** |
|  | (Cost $18,185,499) |  |
|  | **Total Investments — 107.4%** | **1630988222** |
|  | (Cost $1,633,372,028) |  |
|  | Liabilities in excess of Other Assets — (7.4)% | (111949791) |
|  | **Net Assets — 100.0%** | $**1519038431** |

---

<sup>(a)</sup> Restricted Securities.

<sup>(b)</sup> The Fund owns more than 5.0% of the Private Investment Fund, but has contractually limited its voting interests to less than 5.0% of total voting interests.

<sup>(c)</sup> Partnership is not designated in units. The Fund owns approximately 24.6% of this Fund.

<sup>(d)</sup> Partnership is not designated in units. The Fund owns approximately 5.5% of this Fund.

<sup>(e)</sup> Partnership is not designated in units. The Fund owns approximately 8.6% of this Fund.

<sup>(f)</sup> Partnership is not designated in units. The Fund owns approximately 11.1% of this Fund.

<sup>(g)</sup> Partnership is not designated in units. The Fund owns approximately 1.7% of this Fund.

<sup>(h)</sup> The Fund owns more than 25% of the Private Investment Fund, but has contractually limited its voting interests to less than 5% of total voting interests.

<sup>(i)</sup> Partnership is not designated in units. The Fund owns approximately 38.2% of this Fund.

<sup>(j)</sup> Non-income producing security.

<sup>(k)</sup> Convertible security.

---

| |
|:---|
| LP — Limited Partnership |
| PLC — Public Limited Company |
| REIT — Real Estate Investment Trust |
| US — United States |

---

**HARRISON STREET REAL ESTATE FUND LLC**

**Schedule of Investments - Continued**

**December 31, 2025 (Unaudited)**

**RESTRICTED SECURITIES**

Restricted securities include securities that have not been registered under the Securities Act of 1933, as amended, and securities that are subject to restrictions on resale. The Fund may invest in restricted securities that are consistent with the Fund's investment objective and investment strategies. Investments in restricted securities are valued at net asset value as practical expedient for fair value, or fair value as determined in good faith in accordance with procedures adopted by the Board. It is possible that the estimated value may differ significantly from the amount that might ultimately be realized in the near term, and the difference could be material. Each of the following securities can suspend redemptions if its respective Board deems it in the best interest of its shareholders. This and other important information are described in the Fund's Prospectus.

As of December 31, 2025, the Fund invested in the following restricted securities:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security(a)** | **Acquisition<br> Date(b)** | **Shares/Par** | **If <br> Partnership <br> is not<br> designated in units, %<br> owned by Fund** | **Cost ($1,000s)** | **Value ($1,000s)** | **Unfunded Commitments ($1000)(c)** | **% of Net Assets** |
| AEW Value Investors US LP | 8/17/2017 |  | 24.6% | $32035 | $30578 | $— | 2.0% |
| CBRE U.S. Core Partners LP | 3/29/2018 | 16219769 |  | 22663 | 24167 |  | 1.6% |
| CBRE U.S. Logistics Partners LP | 3/31/2022 | 155361132 |  | 200060 | 202188 |  | 13.4% |
| Clarion Gables Multifamily Trust LP | 3/4/2019 | 45894 |  | 59555 | 67016 |  | 4.4% |
| Clarion Lion Properties Fund LP | 7/1/2013 | 80715 |  | 109167 | 121334 |  | 8.0% |
| DigitalBridge AI Infrastructure B LP | 1/24/2025 |  | 5.5% | 23925 | 26551 | 5894 | 1.7% |
| DigitalBridge AI Infrastructure D LP | 1/24/2025 |  | 8.6% | 37411 | 41555 | 9218 | 2.7% |
| GI Partners ETS Fund | 9/24/2021 | 74967 |  | 85874 | 67300 |  | 4.4% |
| Harrison Street Core Property Fund LP | 8/13/2014 | 24056 |  | 32982 | 34194 |  | 2.3% |
| Heitman America Real Estate Trust LP | 12/2/2014 | 76093 |  | 91878 | 94935 |  | 6.2% |
| Heitman Core Real Estate Debt Income Trust LP | 4/1/2017 | 64150 |  | 47835 | 32704 |  | 2.2% |
| Hines European Property Partners | 11/3/2022 | 62908 |  | 90794 | 92042 | 68500 | 6.1% |
| Invesco Core Real Estate USA LP | 12/31/2013 | 744 |  | 126833 | 115264 |  | 7.6% |
| Invesco Real Estate Asia Fund | 9/30/2014 | 492050 |  | 60433 | 53920 |  | 3.5% |
| Sagard Real Estate - US Property Fund | 12/30/2019 |  | 11.1% | 94788 | 95985 |  | 6.3% |
| Trumbull Property Income Fund LP | 4/1/2016 | 765 |  | 9477 | 9379 |  | 0.6% |
| UBS Trumbull Property Fund LP | 7/1/2018 | 2012 |  | 21726 | 17768 |  | 1.2% |
| US Government Building Open-End Feeder LP | 5/1/2014 |  | 1.7% | 35080 | 40415 |  | 2.7% |
| USGBF Alpha Feeder LP | 10/1/2021 |  | 38.2% | 30037 | 26045 |  | 1.7% |
| Walton Street Real Estate Core-Plus Fund LP | 10/1/2021 | 56734 |  | 72693 | 68504 | 27006 | 4.5% |
|  |  |  |  | $1285246 | $1261844 | $110618 | 83.1% |

---

(a) The investment funds are organized to serve as a collective investment vehicle through which eligible investors may invest in a professionally managed real estate portfolio of equity and debt investments consisting of multi-family, industrial, retail, office and other property types.

(b) Initial acquisition date as shares are purchased at various dates.

(c) Unfunded Commitments approximate their fair values.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Harrison Street Real Estate Fund LLC

- **b. Investment Company Act file number:** 811-22534

- **c. CIK number of Registrant:** 0001515001

- **d. LEI of Registrant:** 254900CXFE7PBGQVLK52

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 5050 S. Syracuse Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80237

  - **Telephone number:** 8772001878

**Item A.2. Information about the Series.**

- **a. Name of Series:** Harrison Street Real Estate Fund LLC

- **c. LEI of Series:** 254900CXFE7PBGQVLK52

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1690203759.57

**Total Liabilities:** $133320518.48

**Net Assets:** $1556883241.09

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.12%               | 0.38%                | -0.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2507567.09              | $-17205903.71                              |
| Month 2  | $-1096279.23             | $5999663.62                                |
| Month 3  | $3265407.67              | $-14226911.89                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Centuria Capital Group                   | Centuria Capital Group                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | AU        |   1120511 | NS      | $1504109.36   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Camden Property Trust                    | Camden Property Trust - REIT                             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             |  | CORP              | US        |     23551 | NS      | $2592494.08   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Chartwell Retirement Residence           | Chartwell Retirement Residences                          | CUSIP: 16141A954<br>LEI: 549300M7UBEIZBWP4069 | Long             |  | CORP              | CA        |     92700 | NS      | $1357474.87   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CTP NV                                   | CTP N.V.                                                 | CUSIP: 999999999<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |     38334 | NS      | $803284.04    | 0.05%             |  |  |  | Yes           | 2                  | On Loan: No      |
| CubeSmart                                | CubeSmart - REIT                                         | CUSIP: 229663109<br>LEI: N/A                  | Long             |  | CORP              | US        |    100100 | NS      | $3608605.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Cousins Properties Inc                   | Cousins Properties, Inc. - REIT                          | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             |  | CORP              | US        |    107268 | NS      | $2765369.04   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Dream Industrial Real Estate I           | Dream Industrial Real Estate Investment Trust - REIT     | CUSIP: 26153W950<br>LEI: 549300QOI0TM3CBYUH79 | Long             |  | CORP              | CA        |     73900 | NS      | $677300.01    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc                 | Digital Realty Trust, Inc. - REIT                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             |  | CORP              | US        |     82466 | NS      | $12758314.86  | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| AEW Value Investors U.S. L.P.   /        | AEW Value Investors U.S. L.P.   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  36340545 | OU      | $45615395.40  | 2.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CBRE U.S Core Core Partners REIT   /     | CBRE U.S Core Core Partners REIT   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  16219769 | OU      | $24381557.23  | 1.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CBRE U.S. Logistics Partners   /         | CBRE U.S. Logistics Partners   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        | 155204629 | OU      | $204154127.99 | 13.11%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Clarion Gables Multi family Trust LP   / | Clarion Gables Multi family Trust LP   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     47222 | OU      | $69563114.51  | 4.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CLARION LION PROPERTIES FUND   /         | CLARION LION PROPERTIES FUND   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     80722 | OU      | $121504049.38 | 7.80%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DigitalBridge AI Infrastructure B LP   / | DigitalBridge AI Infrastructure B LP   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  22880889 | OU      | $26551159.82  | 1.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DigitalBridge AI Infrastructure D LP   / | DigitalBridge AI Infrastructure D LP   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  35801159 | OU      | $41554978.80  | 2.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Everwest Funds Advisors LLC   /          | Everwest Funds Advisors LLC   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  97054045 | OU      | $98421729.32  | 6.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GI Partners ETS Fund    /                | GI Partners ETS Fund    /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     74967 | OU      | $74710898.88  | 4.80%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Heitman Core Real Real Estate Debt   /   | Heitman Core Real Real Estate Debt   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     64150 | OU      | $33586837.96  | 2.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Heitman America Real Estate LP   /       | Heitman America Real Estate LP   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     76093 | OU      | $95560273.12  | 6.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AMERICAN HOMES 4 RENT                    | American Homes 4 Rent                                    | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |     24239 | NS      | $589250.09    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN HOMES 4 RENT                    | American Homes 4 Rent                                    | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |     17300 | NS      | $399457.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| ARMADA HOFFLER PROPERTIE                 | Armada Hoffler Properties, Inc.                          | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |     19035 | NS      | $402209.55    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Hang Lung Properties Ltd                 | Hang Lung Properties Ltd.                                | CUSIP: 999999999<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |   1085000 | NS      | $1201450.65   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CHATHAM LODGING                          | Chatham Lodging Trust                                    | CUSIP: 16208T201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     65300 | NS      | $1285757.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| DIGITAL REALTY TRUST INC                 | Digital Realty Trust, Inc.                               | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     22875 | NS      | $468251.25    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| DIGITAL REALTY TRUST INC                 | Digital Realty Trust, Inc.                               | CUSIP: 253868830<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |      3627 | NS      | $86576.49     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| DIGITAL REALTY TRUST INC                 | Digital Realty Trust, Inc.                               | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     10210 | NS      | $211449.10    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| DIGITALBRIDGE GROUP INC                  | DigitalBridge Group, Inc.                                | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     22905 | NS      | $508491.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui Fudosan Accommodations            | Mitsui Fudosan Accommodations Fund, Inc. - REIT          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | JP        |       723 | NS      | $619909.33    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Comforia Residential REIT Inc            | Comforia Residential REIT, Inc. - REIT                   | CUSIP: 999999999<br>LEI: 353800BJ2SV3UPG9JU05 | Long             |  | CORP              | JP        |       282 | NS      | $599673.67    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Sekisui House Reit Inc                   | Sekisui House Reit, Inc. - REIT                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | JP        |      2491 | NS      | $1429834.99   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsubishi Estate Logistics RE           | Mitsubishi Estate Logistics REIT Investment Corp. - REIT | CUSIP: 999999999<br>LEI: 353800YYSGZU31ICQK38 | Long             |  | CORP              | JP        |      1096 | NS      | $929596.39    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| KIMCO REALTY CORP                        | Kimco Realty Corp.                                       | CUSIP: 49446R711<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |      3550 | NS      | $73307.50     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| KIMCO REALTY CORP                        | Kimco Realty Corp.                                       | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |        62 | NS      | $1252.40      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| NATIONAL STORAGE AFFILIA                 | National Storage Affiliates Trust                        | CUSIP: 637870205<br>LEI: 529900FS06O8GOYNR108 | Long             | EP               | CORP              | US        |     12655 | NS      | $266387.75    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust                                  | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     58390 | NS      | $1091893.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust                                  | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     41305 | NS      | $730272.40    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      5849 | NS      | $93350.04     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W461<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     47818 | NS      | $760784.38    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W487<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      5734 | NS      | $89737.10     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      8303 | NS      | $153605.50    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W594<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     19380 | NS      | $361630.80    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W628<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      1935 | NS      | $37364.85     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W644<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     86941 | NS      | $1987471.26   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| USGBF Alpha Feeder LP   /                | USGBF Alpha Feeder LP   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  26286682 | OU      | $26079029.29  | 1.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                           | CUSIP: 74460W669<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     17980 | NS      | $362476.80    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| REGENCY CENTERS CORP                     | Regency Centers Corp.                                    | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     60443 | NS      | $1364198.51   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| REGENCY CENTERS CORP                     | Regency Centers Corp.                                    | CUSIP: 758849889<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     88361 | NS      | $2081785.16   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| REXFORD INDUSTRIAL REALT                 | Rexford Industrial Realty, Inc.                          | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |     45250 | NS      | $969255.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Walton Street Real Estate Core-Plus   /  | Walton Street Real Estate Core-Plus   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     56734 | OU      | $66941539.55  | 4.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SL GREEN REALTY CORP                     | SL Green Realty Corp.                                    | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |     59338 | NS      | $1246098.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SAUL CENTERS INC                         | Saul Centers, Inc.                                       | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8400 | NS      | $174804.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| SAUL CENTERS INC                         | Saul Centers, Inc.                                       | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     28408 | NS      | $648270.56    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNSTONE HOTEL INVESTORS                 | Sunstone Hotel Investors, Inc.                           | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     27050 | NS      | $539647.50    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNSTONE HOTEL INVESTORS                 | Sunstone Hotel Investors, Inc.                           | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     48870 | NS      | $942702.30    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui Fudosan Co Ltd                    | Mitsui Fudosan Co., Ltd.                                 | CUSIP: J65976037<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    389100 | NS      | $4421838.57   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Japan Real Estate Investment C           | Japan Real Estate Investment Corp. - REIT                | CUSIP: 999999999<br>LEI: 3538003YAIR3CBGJJ928 | Long             |  | CORP              | JP        |      1108 | NS      | $925736.32    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Invincible Investment Corp               | Invincible Investment Corp. - REIT                       | CUSIP: 999999999<br>LEI: 353800JY6M2692VAV685 | Long             |  | CORP              | JP        |      3702 | NS      | $1520150.46   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Daiwa House Residential Invest           | Daiwa House REIT Investment Corp. - REIT                 | CUSIP: 999999999<br>LEI: 3538001FWU534P8JMO05 | Long             |  | CORP              | JP        |      1748 | NS      | $1597561.83   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| VORNADO REALTY TRUST                     | Vornado Realty Trust                                     | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     96176 | NS      | $1370508.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| VORNADO REALTY TRUST                     | Vornado Realty Trust                                     | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     29465 | NS      | $497958.50    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| VORNADO REALTY TRUST                     | Vornado Realty Trust                                     | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     86404 | NS      | $1464547.80   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUMBULL PROPERTY INCOME FUND   /        | TRUMBULL PROPERTY INCOME FUND   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       765 | OU      | $9406035.32   | 0.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UBS Trumbull Property Fund LP   /        | UBS Trumbull Property Fund LP   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |      2012 | OU      | $17818308.72  | 1.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| VORNADO REALTY TRUST                     | Vornado Realty Trust                                     | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20540 | NS      | $362941.80    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Agree Realty Corp                        | Agree Realty Corp. - REIT                                | CUSIP: 008492100<br>LEI: N/A                  | Long             |  | CORP              | US        |     75405 | NS      | $5431422.15   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Government Building Open-End   /    | U.S. Government Building Open-End   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  35080240 | OU      | $40459470.84  | 2.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| American Healthcare REIT Inc             | American Healthcare REIT, Inc. - REIT                    | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             |  | CORP              | US        |     34856 | NS      | $1640323.36   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| American Homes 4 Rent                    | American Homes 4 Rent - REIT                             | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             |  | CORP              | US        |    207551 | NS      | $6662387.10   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| AvalonBay Communities Inc                | AvalonBay Communities, Inc. - REIT                       | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             |  | CORP              | US        |     38343 | NS      | $6951969.33   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Brandywine Realty Trust                  | Brandywine Realty Trust - REIT                           | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             |  | CORP              | US        |    172207 | NS      | $502844.44    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadstone Net Lease Inc                 | Broadstone Net Lease, Inc. - REIT                        | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             |  | CORP              | US        |    114469 | NS      | $1988326.53   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                 | Simon Property Group, Inc. - REIT                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             |  | CORP              | US        |     25070 | NS      | $4640707.70   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Sun Communities Inc                      | Sun Communities, Inc. - REIT                             | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             |  | CORP              | US        |     17613 | NS      | $2182426.83   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| UDR Inc                                  | UDR, Inc. - REIT                                         | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             |  | CORP              | US        |     82090 | NS      | $3011061.20   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Unibail-Rodamco-Westfield                | Unibail-Rodamco-Westfield - REIT                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | FR        |     13244 | NS      | $1440276.05   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Kilroy Realty Corp                       | Kilroy Realty Corp. - REIT                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             |  | CORP              | US        |     30275 | NS      | $1131376.75   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Kite Realty Group Trust                  | Kite Realty Group Trust - REIT                           | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |    322179 | NS      | $7722630.63   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Klepierre SA                             | Klepierre S.A. - REIT                                    | CUSIP: 999999999<br>LEI: 969500PB4U31KEFHZ621 | Long             |  | CORP              | FR        |    115538 | NS      | $4571402.39   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Macerich Co/The                          | Macerich Co. - REIT                                      | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             |  | CORP              | US        |    425530 | NS      | $7855283.80   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| BXP Inc                                  | BXP, Inc. - REIT                                         | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             |  | CORP              | US        |     52771 | NS      | $3560987.08   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Centurion Accommodation Reit             | Centurion Accommodation Reit - REIT                      | CUSIP: 999999999<br>LEI: 254900NE2W0T2HDOXF24 | Long             |  | CORP              | SG        |   2148814 | NS      | $1853255.95   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Crown Castle Inc                         | Crown Castle, Inc. - REIT                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             |  | CORP              | US        |      9151 | NS      | $813249.37    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| COPT Defense Properties                  | COPT Defense Properties - REIT                           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             |  | CORP              | US        |     24647 | NS      | $685186.60    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Hines European Property Partners   /     | Hines European Property Partners   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | XX        |     62908 | OU      | $109207528.59 | 7.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Harrison Street Core Property Fund   /   | Harrison Street Core Property Fund   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     24056 | OU      | $34414337.61  | 2.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Invesco Real Estate Asia Fund   /        | Invesco Real Estate Asia Fund   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    492050 | OU      | $54057675.40  | 3.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| INVESCO CORE REAL ESTATE USA   /         | INVESCO CORE REAL ESTATE USA   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       722 | OU      | $113232868.34 | 7.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Healthpeak Properties Inc                | Healthpeak Properties, Inc. - REIT                       | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             |  | CORP              | US        |    845996 | NS      | $13603615.68  | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| EastGroup Properties Inc                 | EastGroup Properties, Inc. - REIT                        | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             |  | CORP              | US        |     15911 | NS      | $2834385.54   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix Inc                              | Equinix, Inc. - REIT                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             |  | CORP              | US        |     21932 | NS      | $16803421.12  | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity Residential                       | Equity Residential - REIT                                | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             |  | CORP              | US        |    153726 | NS      | $9690887.04   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Essex Property Trust Inc                 | Essex Property Trust, Inc. - REIT                        | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             |  | CORP              | US        |     23002 | NS      | $6019163.36   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO CURRENCY  /                         | EURO CURRENCY  /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |    138035 | OU      | $162222.52    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Extra Space Storage Inc                  | Extra Space Storage, Inc. - REIT                         | CUSIP: 30225T102<br>LEI: N/A                  | Long             |  | CORP              | US        |     40216 | NS      | $5236927.52   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Treasury Portfolio              | Fidelity Treasury Portfolio - Class I                    | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  61342766 | PA      | $61342766.45  | 3.94%             |  |  |  | No            | 1                  | On Loan: No      |
| CRE Logistics REIT Inc                   | CRE Logistics REIT, Inc. - REIT                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | JP        |       843 | NS      | $906129.38    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ESR Kendall Square REIT Co Ltd           | ESR Kendall Square REIT Co., Ltd. - REIT                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | KR        |    151000 | NS      | $446932.29    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Federal Realty Investment Trus           | Federal Realty Investment Trust - REIT                   | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             |  | CORP              | US        |     57156 | NS      | $5761324.80   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| FrontView REIT Inc                       | FrontView REIT, Inc. - REIT                              | CUSIP: 35922N100<br>LEI: N/A                  | Long             |  | CORP              | US        |     86661 | NS      | $1279116.36   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| HIGHWOODS PROPERTIES                     | Highwoods Properties, Inc.                               | CUSIP: 431284207<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EP               | CORP              | US        |       103 | NS      | $107184.63    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| KIMCO REALTY CORP                        | Kimco Realty Corp.                                       | CUSIP: 49446R687<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     17550 | NS      | $1027903.50   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Gaming and Leisure Properties            | Gaming and Leisure Properties, Inc. - REIT               | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             |  | CORP              | US        |     89655 | NS      | $4006681.95   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodman Group                            | Goodman Group - REIT                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | AU        |    240144 | NS      | $4941597.82   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| GO Residential Real Estate Inv           | GO Residential Real Estate Investment Trust - REIT       | CUSIP: 36272H958<br>LEI: N/A                  | Long             |  | CORP              | US        |    172550 | NS      | $2022286.00   | 0.13%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Hongkong Land Holdings Ltd               | Hongkong Land Holdings Ltd.                              | CUSIP: 999999999<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | HK        |    487000 | NS      | $3383042.90   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Host Hotels & Resorts Inc                | Host Hotels & Resorts, Inc. - REIT                       | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             |  | CORP              | US        |    513552 | NS      | $9105276.96   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Invitation Homes Inc                     | Invitation Homes, Inc. - REIT                            | CUSIP: 46187W107<br>LEI: N/A                  | Long             |  | CORP              | US        |    314580 | NS      | $8742178.20   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Iron Mountain Inc                        | Iron Mountain, Inc. - REIT                               | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             |  | CORP              | US        |     38871 | NS      | $3224349.45   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Keppel DC REIT                           | Keppel DC REIT - REIT                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | SG        |    697464 | NS      | $1219612.44   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Kimco Realty Corp                        | Kimco Realty Corp. - REIT                                | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             |  | CORP              | US        |    221015 | NS      | $4479974.05   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercialys SA                             | Mercialys S.A. - REIT                                    | CUSIP: 999999999<br>LEI: 969500081CGAXB7YS433 | Long             |  | CORP              | FR        |    392128 | NS      | $5076972.32   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Mirvac Group                             | Mirvac Group - REIT                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | AU        |   1012546 | NS      | $1380130.27   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Mapletree Logistics Trust                | Mapletree Logistics Trust - REIT                         | CUSIP: 999999999<br>LEI: 549300M9EBZIYH387075 | Long             |  | CORP              | SG        |    832900 | NS      | $853505.43    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Merlin Properties Socimi SA              | Merlin Properties Socimi S.A. - REIT                     | CUSIP: 999999999<br>LEI: 959800L8KD863DP30X04 | Long             |  | CORP              | ES        |    108711 | NS      | $1582703.89   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| National Health Investors Inc            | National Health Investors, Inc. - REIT                   | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             |  | CORP              | US        |     17805 | NS      | $1359767.85   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| NNN REIT Inc                             | NNN REIT, Inc. - REIT                                    | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             |  | CORP              | US        |    212815 | NS      | $8433858.45   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| NETSTREIT Corp                           | NETSTREIT Corp. - REIT                                   | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             |  | CORP              | US        |    110247 | NS      | $1944757.08   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexus Industrial REIT                    | Nexus Industrial REIT - REIT                             | CUSIP: 65344U952<br>LEI: N/A                  | Long             |  | CORP              | CA        |    281600 | NS      | $1620748.94   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Pebblebrook Hotel Trust                  | Pebblebrook Hotel Trust - REIT                           | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             |  | CORP              | US        |    119580 | NS      | $1353645.60   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                             | Prologis, Inc. - REIT                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             |  | CORP              | US        |    168868 | NS      | $21557688.88  | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Storage                           | Public Storage - REIT                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             |  | CORP              | US        |     21662 | NS      | $5621289.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Qualitas Ltd                             | Qualitas Ltd.                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    418699 | NS      | $999289.36    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Qualitas Real Estate Income Fu           | Qualitas Real Estate Income Fund                         | CUSIP: 999999999<br>LEI: 213800DV4JX1UQYXMC45 | Long             |  | RF                | AU        |    852447 | NS      | $907342.65    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Regency Centers Corp                     | Regency Centers Corp. - REIT                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             |  | CORP              | US        |     30161 | NS      | $2082013.83   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Rexford Industrial Realty Inc            | Rexford Industrial Realty, Inc. - REIT                   | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             |  | CORP              | US        |    160591 | NS      | $6218083.52   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Safestore Holdings PLC                   | Safestore Holdings PLC - REIT                            | CUSIP: 999999999<br>LEI: 213800WGA3YSJC1YOH73 | Long             |  | CORP              | GB        |    103692 | NS      | $1026787.00   | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Sabra Health Care REIT Inc               | Sabra Health Care REIT, Inc. - REIT                      | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             |  | CORP              | US        |    388716 | NS      | $7362281.04   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Stoneweg Europe Stapled Trust            | Stoneweg Europe Stapled Trust                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | SG        |    526080 | NS      | $1006594.02   | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Stockland                                | Stockland - REIT                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | AU        |    826114 | NS      | $3149652.66   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITE Group PLC/The                      | UNITE Group PLC - REIT                                   | CUSIP: 999999999<br>LEI: 213800BBUUWVDH9YI827 | Long             |  | CORP              | GB        |    124343 | NS      | $936117.26    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| VICI Properties Inc                      | VICI Properties, Inc. - REIT                             | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             |  | CORP              | US        |    477644 | NS      | $13431349.28  | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Ventas Inc                               | Ventas, Inc. - REIT                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             |  | CORP              | US        |    288555 | NS      | $22328385.90  | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Warehouses De Pauw CVA                   | Warehouses De Pauw CVA - REIT                            | CUSIP: 999999999<br>LEI: 549300HWDYC5JXC85138 | Long             |  | CORP              | BE        |     57050 | NS      | $1479531.98   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Welltower Inc                            | Welltower, Inc. - REIT                                   | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             |  | CORP              | US        |     58304 | NS      | $10821805.44  | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** Harrison Street Real Estate Fund LLC

**Signature:** /s/ Dustin Rose

**Name of Signer:** Dustin Rose

**Title:** Assistant Treasurer