Instuitional Investor - Starwood Capital Group Management, L.l.c.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Camden Property Trust	CPT	316,179	$38,668,691	23.07%
2.	Mid America Apartment Communities Inc.	MAA	219,407	$36,768,225	21.93%
3.	First Industrial Realty Trust Inc	FR	581,012	$31,351,408	18.7%
4.	Nexpoint Residential Trust Inc.	NXRT	653,347	$25,826,807	15.41%
5.	Equity Residential	EQR	339,338	$24,289,814	14.49%