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SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Expires: Oct 31, 2018
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 09-30-2023
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ALLSTATE CORP
Address: 3100 SANDERS ROAD
NORTHBROOK, IL  60062
Form 13F File Number: 028-14491

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: MARIO IMBARRATO
Title: SENIOR VICE PRESIDENT & CFO INVESTMENT FINANCE
Phone: 1 (847) 402-5348
Signature, Place, and Date of Signing:
/s/ MARIO IMBARRATO CHICAGO,  IL 11-13-2023
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 255
Form 13F Information Table Value Total: 1,710,828,447
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-04302 ALLSTATE INVESTMENT MANAGEMENT CO
2 028-10298 ALLSTATE INVESTMENTS LLC
SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: Oct 31, 2018
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
EQUINIX REIT INC EQU 29444U700 1,451,067 1,998 SH   SOLE 11 1,998 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107 1,529,983 26,060 SH   SOLE 11 26,060 0 0
EXTRA SPACE STORAGE INC EQU 30225T102 2,135,310 17,563 SH   SOLE 11 17,563 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108 1,108,459 24,335 SH   SOLE 11 24,335 0 0
HOST HOTELS & RESORTS INC EQU 44107P104 1,073,396 66,795 SH   SOLE 11 66,795 0 0
INVITATION HOMES INC EQU 46187W107 3,730,008 117,703 SH   SOLE 11 117,703 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103 3,028,532 63,638 SH   SOLE 11 63,638 0 0
MID AMERICA APT EQU 59522J103 1,680,426 13,062 SH   SOLE 11 13,062 0 0
PROLOGIS INC EQU 74340W103 3,714,488 33,103 SH   SOLE 11 33,103 0 0
PUBLIC STORAGE EQU 74460D109 4,466,400 16,949 SH   SOLE 11 16,949 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104 1,648,600 8,236 SH   SOLE 11 8,236 0 0
SPDR S&P ETF TRUST EQU 78462F103 56,520,551 132,218 SH   SOLE 11 132,218 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106 250,181 17,947 SH   SOLE 11 17,947 0 0
VENTAS INC EQU 92276F100 1,281,047 30,407 SH   SOLE 11 30,407 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103 3,818,219 207,964 SH   SOLE 11 207,964 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103 4,490,402 94,356 SH   SOLE 11 94,356 0 0
RLJ LODGING TRUST EQU 74965L101 114,142 11,659 SH   SOLE 11 11,659 0 0
AMERICOLD REALTY TRUST EQU 03064D108 439,455 14,451 SH   SOLE 11 14,451 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105 1,089,911 52,450 SH   SOLE 11 52,450 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108 337,099 14,146 SH   SOLE 11 14,146 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101 557,335 45,019 SH   SOLE 11 45,019 0 0
ISHARES -10 YR INVESTMENT GRADE CO EQU 464288638 198,725,520 4,084,800 SH   SOLE 11 4,084,800 0 0
ISHARES -5 YEAR INVESTMENT GRADE C EQU 464288646 280,488,087 5,628,900 SH   SOLE 11 5,628,900 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150 15,928,094 169,106 SH   SOLE 11 169,106 0 0
AGREE REALTY CORP EQU 008492100 286,861 5,193 SH   SOLE 11 5,193 0 0
AVALONBAY CMNTYS INC EQU 053484101 2,922,500 17,017 SH   SOLE 11 17,017 0 0
DIGITAL REALTY TRUST INC EQU 253868103 5,313,746 43,908 SH   SOLE 11 43,908 0 0
ESSEX PROPERTY EQU 297178105 1,470,844 6,935 SH   SOLE 11 6,935 0 0
HIGHWOODS PROPERTIES EQU 431284108 366,549 17,785 SH   SOLE 11 17,785 0 0
ISHARES IBOXX $ HIGH YIELD CORPORA EQU 464288513 101,940,016 1,382,800 SH   SOLE 11 1,382,800 0 0
PARK HOTELS RESORTS INC EQU 700517105 534,084 43,351 SH   SOLE 11 43,351 0 0
SIMON PPTY GROUP INC EQU 828806109 4,870,641 45,086 SH   SOLE 11 45,086 0 0
WASHINGTON REAL ESTATE EQU 939653101 208,324 15,273 SH   SOLE 11 15,273 0 0
ALEXANDRIA REAL ESTATE EQU 015271109 662,362 6,617 SH   SOLE 11 6,617 0 0
REALTY INCOME CORP EQU 756109104 2,448,808 49,035 SH   SOLE 11 49,035 0 0
SUN COMMUNITIES EQU 866674104 3,206,541 27,096 SH   SOLE 11 27,096 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414 20,310,611 198,075 SH   SOLE 11 198,075 0 0
BOSTON PPTYS INC EQU 101121101 777,166 13,066 SH   SOLE 11 13,066 0 0
VORNADO RLTY TR EQU 929042109 333,623 14,710 SH   SOLE 11 14,710 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106 279,716 7,915 SH   SOLE 11 7,915 0 0
ISHARES CORE S&P 500 ETF EQU 464287200 34,532,184 80,414 SH   SOLE 11 80,414 0 0
UDR INC EQU 902653104 1,293,073 36,251 SH   SOLE 11 36,251 0 0
VICI PPTYS INC EQU 925652109 3,023,868 103,913 SH   SOLE 11 103,913 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853 42,623,880 1,228,000 SH   SOLE 11 1,228,000 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106 1,112,170 35,040 SH   SOLE 11 35,040 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474 35,783,741 1,220,455 SH   SOLE 11 1,220,455 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105 490,228 32,104 SH   SOLE 11 32,104 0 0
BRANDYWINE REALTY EQU 105368203 115,243 25,384 SH   SOLE 11 25,384 0 0
SAFEHOLD INC EQU 78646V107 1,254,170 70,459 SH   SOLE 11 70,459 0 0
BROADSTONE NET LEASE INC EQU 11135E203 1,419,590 99,272 SH   SOLE 11 99,272 0 0
EPR PROPERTIES EQU 26884U109 1,385,484 33,353 SH   SOLE 11 33,353 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201 631,227 26,511 SH   SOLE 11 26,511 0 0
TERRENO REALTY CORP EQU 88146M101 1,273,229 22,416 SH   SOLE 11 22,416 0 0
AT&T INC EQU 00206R102 248,221 16,526 SH   SOLE 12 16,526 0 0
ABBVIE INC EQU 00287Y109 927,451 6,222 SH   SOLE 12 6,222 0 0
ACTIVISION BLIZZARD INC EQU 00507V109 252,988 2,702 SH   SOLE 12 2,702 0 0
ADOBE INC EQU 00724F101 891,815 1,749 SH   SOLE 12 1,749 0 0
ALPHABET INC CLASS C EQU 02079K107 2,574,635 19,527 SH   SOLE 12 19,527 0 0
ALPHABET INC CLASS A EQU 02079K305 2,767,166 21,146 SH   SOLE 12 21,146 0 0
ALTRIA GROUP INC. EQU 02209S103 254,445 6,051 SH   SOLE 12 6,051 0 0
AMERICAN TOWER CORP EQU 03027X100 279,072 1,697 SH   SOLE 12 1,697 0 0
BLACKROCK INC EQU 09247X101 333,589 516 SH   SOLE 12 516 0 0
BOOKING HOLDINGS INC EQU 09857L108 394,746 128 SH   SOLE 12 128 0 0
BROADCOM INC EQU 11135F101 1,220,122 1,469 SH   SOLE 12 1,469 0 0
CME GROUP INC. EQU 12572Q105 266,893 1,333 SH   SOLE 12 1,333 0 0
CISCO SYS INC EQU 17275R102 740,329 13,771 SH   SOLE 12 13,771 0 0
COMCAST CORP NEW CL A EQU 20030N101 676,540 15,258 SH   SOLE 12 15,258 0 0
CONOCOPHILLIPS EQU 20825C104 510,707 4,263 SH   SOLE 12 4,263 0 0
COSTCO WHS L CORP NEW COM EQU 22160K105 931,619 1,649 SH   SOLE 12 1,649 0 0
DELL TECHNOLOGIES WHEN ISSUED INC EQU 24703L202 253,552 3,680 SH   SOLE 12 3,680 0 0
DUKE ENERGY HLDG CORP EQU 26441C204 200,703 2,274 SH   SOLE 12 2,274 0 0
EQUINIX REIT INC EQU 29444U700 2,252,859 3,102 SH   SOLE 12 3,102 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107 2,119,666 36,104 SH   SOLE 12 36,104 0 0
EXTRA SPACE STORAGE INC EQU 30225T102 2,825,398 23,239 SH   SOLE 12 23,239 0 0
EXXON MOBIL CORP EQU 30231G102 1,667,167 14,179 SH   SOLE 12 14,179 0 0
FACEBOOK INC EQU 30303M102 2,344,940 7,811 SH   SOLE 12 7,811 0 0
FEDEX CORP EQU 31428X106 227,036 857 SH   SOLE 12 857 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108 1,484,657 32,594 SH   SOLE 12 32,594 0 0
GOLDMAN SA CHS GROUP INC EQU 38141G104 347,191 1,073 SH   SOLE 12 1,073 0 0
HCA Healthcare Inc EQU 40412C101 216,462 880 SH   SOLE 12 880 0 0
HESS CORP EQU 42809H107 222,768 1,456 SH   SOLE 12 1,456 0 0
HOST HOTELS & RESORTS INC EQU 44107P104 1,661,011 103,361 SH   SOLE 12 103,361 0 0
INTERCONTINENTALEXCHANGE GROUP INC EQU 45866F104 272,300 2,475 SH   SOLE 12 2,475 0 0
INTUITIVE SURGICAL INC EQU 46120E602 409,498 1,401 SH   SOLE 12 1,401 0 0
INVITATION HOMES INC EQU 46187W107 5,203,340 164,195 SH   SOLE 12 164,195 0 0
JP MORGAN CHASE & CO EQU 46625H100 1,484,715 10,238 SH   SOLE 12 10,238 0 0
MARATHON PETROLEUM CORP EQU 56585A102 300,864 1,988 SH   SOLE 12 1,988 0 0
MASTERCARD INC CLASS A EQU 57636Q104 1,187,334 2,999 SH   SOLE 12 2,999 0 0
MCKESSON CORP EQU 58155Q103 286,566 659 SH   SOLE 12 659 0 0
MERCK & CO. INC. EQU 58933Y105 883,723 8,584 SH   SOLE 12 8,584 0 0
MID AMERICA APT EQU 59522J103 2,295,888 17,846 SH   SOLE 12 17,846 0 0
NETFLIX INC EQU 64110L106 589,434 1,561 SH   SOLE 12 1,561 0 0
NEXTERA ENERGY INC EQU 65339F101 438,555 7,655 SH   SOLE 12 7,655 0 0
NVIDIA CORP EQU 67066G104 3,710,900 8,531 SH   SOLE 12 8,531 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107 279,929 308 SH   SOLE 12 308 0 0
ORACLE CORP COM EQU 68389X105 603,108 5,694 SH   SOLE 12 5,694 0 0
PAYPAL HOLDINGS INC EQU 70450Y103 233,898 4,001 SH   SOLE 12 4,001 0 0
PROLOGIS INC EQU 74340W103 5,596,137 49,872 SH   SOLE 12 49,872 0 0
PUBLIC STORAGE EQU 74460D109 6,446,226 24,462 SH   SOLE 12 24,462 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107 305,318 371 SH   SOLE 12 371 0 0
S&P GLOBAL INC EQU 78409V104 498,054 1,363 SH   SOLE 12 1,363 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104 2,399,238 11,986 SH   SOLE 12 11,986 0 0
SPDR S&P ETF TRUST EQU 78462F103 31,744,665 74,260 SH   SOLE 12 74,260 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622 19,247,335 212,913 SH   SOLE 12 212,913 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106 397,917 28,545 SH   SOLE 12 28,545 0 0
SALESFORCE.COM INC EQU 79466L302 734,266 3,621 SH   SOLE 12 3,621 0 0
SERVICENOW INC EQU 81762P102 363,324 650 SH   SOLE 12 650 0 0
TESLA INC EQU 88160R101 2,489,689 9,950 SH   SOLE 12 9,950 0 0
UBER TECHNOLOGIES INC EQU 90353T100 275,066 5,981 SH   SOLE 12 5,981 0 0
UNITEDHEALTH GROUP INC EQU 91324P102 1,708,196 3,388 SH   SOLE 12 3,388 0 0
VENTAS INC EQU 92276F100 1,761,371 41,808 SH   SOLE 12 41,808 0 0
VERIZON COMMUNICATIONS EQU 92343V104 374,595 11,558 SH   SOLE 12 11,558 0 0
VERTEX PHARMACEUTICALS EQU 92532F100 343,915 989 SH   SOLE 12 989 0 0
VISA INC EQU 92826C839 1,280,466 5,567 SH   SOLE 12 5,567 0 0
WASTE MGMT INC DEL EQU 94106L109 302,136 1,982 SH   SOLE 12 1,982 0 0
ZOETIS INC EQU 98978V103 370,751 2,131 SH   SOLE 12 2,131 0 0
ACCENTURE PLC EQU G1151C101 734,300 2,391 SH   SOLE 12 2,391 0 0
EATON CORP PLC EQU G29183103 360,870 1,692 SH   SOLE 12 1,692 0 0
MEDTRONIC PLC EQU G5960L103 301,137 3,843 SH   SOLE 12 3,843 0 0
CHUBB LTD EQU H1467J104 253,771 1,219 SH   SOLE 12 1,219 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103 5,337,784 290,729 SH   SOLE 12 290,729 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103 6,151,769 129,266 SH   SOLE 12 129,266 0 0
RLJ LODGING TRUST EQU 74965L101 157,893 16,128 SH   SOLE 12 16,128 0 0
AMERICOLD REALTY TRUST EQU 03064D108 588,586 19,355 SH   SOLE 12 19,355 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105 1,507,672 72,554 SH   SOLE 12 72,554 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108 414,523 17,395 SH   SOLE 12 17,395 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101 770,965 62,275 SH   SOLE 12 62,275 0 0
BLACKSTONE INC EQU 09260D107 302,456 2,823 SH   SOLE 12 2,823 0 0
ISHARES -10 YR INVESTMENT GRADE CO EQU 464288638 49,680,845 1,021,189 SH   SOLE 12 1,021,189 0 0
ISHARES -5 YEAR INVESTMENT GRADE C EQU 464288646 107,745,615 2,162,264 SH   SOLE 12 2,162,264 0 0
ABBOTT LABS EQU 002824100 641,922 6,628 SH   SOLE 12 6,628 0 0
ADVANCED MICRO DEVICES INC EQU 007903107 588,336 5,722 SH   SOLE 12 5,722 0 0
AGREE REALTY CORP EQU 008492100 369,003 6,680 SH   SOLE 12 6,680 0 0
AMAZON COM INC EQU 023135106 4,022,204 31,641 SH   SOLE 12 31,641 0 0
AMERICAN EXPRESS CO EQU 025816109 363,576 2,437 SH   SOLE 12 2,437 0 0
AMGEN INC EQU 031162100 487,531 1,814 SH   SOLE 12 1,814 0 0
ANTHEM INC EQU 036752103 400,151 919 SH   SOLE 12 919 0 0
APPLE INC. EQU 037833100 9,505,066 55,517 SH   SOLE 12 55,517 0 0
APPLIED MATERIALS INC EQU 038222105 484,437 3,499 SH   SOLE 12 3,499 0 0
AUTOMATIC DATA PROCESSING INC COM EQU 053015103 382,041 1,588 SH   SOLE 12 1,588 0 0
AVALONBAY CMNTYS INC EQU 053484101 4,011,846 23,360 SH   SOLE 12 23,360 0 0
BANK AMER CORP COM EQU 060505104 638,228 23,310 SH   SOLE 12 23,310 0 0
BECTON DICKINSON EQU 075887109 263,959 1,021 SH   SOLE 12 1,021 0 0
BERKSHIRE HATHAWAY INC - CL B EQU 084670702 1,560,587 4,455 SH   SOLE 12 4,455 0 0
BOEING CO EQU 097023105 356,525 1,860 SH   SOLE 12 1,860 0 0
BOSTON SCI ENTIFIC CORP COM EQU 101137107 304,814 5,773 SH   SOLE 12 5,773 0 0
BRISTOL MYERS SQUIBB CO EQU 110122108 381,729 6,577 SH   SOLE 12 6,577 0 0
CATERPILLAR INC EQU 149123101 500,136 1,832 SH   SOLE 12 1,832 0 0
CHARLES SCHWAB EQU 808513105 266,485 4,854 SH   SOLE 12 4,854 0 0
CHEVRON CORP EQU 166764100 1,056,742 6,267 SH   SOLE 12 6,267 0 0
CIGNA CORPORATION EQU 125523100 291,791 1,020 SH   SOLE 12 1,020 0 0
CITIGROUP INC EQU 172967424 229,300 5,575 SH   SOLE 12 5,575 0 0
COCA COLA CO. EQU 191216100 765,582 13,676 SH   SOLE 12 13,676 0 0
CSX CORP EQU 126408103 287,882 9,362 SH   SOLE 12 9,362 0 0
CVS HEALTH CORPORATION EQU 126650100 259,311 3,714 SH   SOLE 12 3,714 0 0
DANAHER CO RP COM EQU 235851102 656,473 2,646 SH   SOLE 12 2,646 0 0
DEERE & CO. EQU 244199105 397,004 1,052 SH   SOLE 12 1,052 0 0
DIGITAL REALTY TRUST INC EQU 253868103 7,109,683 58,748 SH   SOLE 12 58,748 0 0
DISNEY WALT CO EQU 254687106 442,695 5,462 SH   SOLE 12 5,462 0 0
ELI LILLY & CO EQU 532457108 1,560,363 2,905 SH   SOLE 12 2,905 0 0
EMERSON ELEC CO EQU 291011104 208,688 2,161 SH   SOLE 12 2,161 0 0
ESSEX PROPERTY EQU 297178105 2,006,583 9,461 SH   SOLE 12 9,461 0 0
FISERV INC COM EQU 337738108 234,392 2,075 SH   SOLE 12 2,075 0 0
FORD MTR C O DEL COM PAR USD0.01 EQU 345370860 200,248 16,123 SH   SOLE 12 16,123 0 0
GENERAL DYNAMICS CORP EQU 369550108 221,191 1,001 SH   SOLE 12 1,001 0 0
GILEAD SCIENCES INC EQU 375558103 290,692 3,879 SH   SOLE 12 3,879 0 0
HIGHWOODS PROPERTIES EQU 431284108 496,062 24,069 SH   SOLE 12 24,069 0 0
HOME DEPOT INC EQU 437076102 1,075,387 3,559 SH   SOLE 12 3,559 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106 450,211 2,437 SH   SOLE 12 2,437 0 0
HUMANA INC COM EQU 444859102 234,016 481 SH   SOLE 12 481 0 0
ILLINOIS TOOL WKS INC EQU 452308109 333,719 1,449 SH   SOLE 12 1,449 0 0
INTEL CORP EQU 458140100 505,983 14,233 SH   SOLE 12 14,233 0 0
INTERNATIONAL BUSINESS MACHINES CORP EQU 459200101 411,781 2,935 SH   SOLE 12 2,935 0 0
INTUIT INC. EQU 461202103 530,867 1,039 SH   SOLE 12 1,039 0 0
ISHARES IBOXX $ HIGH YIELD CORPORA EQU 464288513 11,367,698 154,201 SH   SOLE 12 154,201 0 0
JOHNSON & JOHNSON EQU 478160104 1,357,050 8,713 SH   SOLE 12 8,713 0 0
LAM RESEARCH CORP. EQU 512807108 329,681 526 SH   SOLE 12 526 0 0
LOCKHEED MARTIN CORP EQU 539830109 343,935 841 SH   SOLE 12 841 0 0
LOWES COS INC USD0.50 EQU 548661107 488,424 2,350 SH   SOLE 12 2,350 0 0
MARRIOTT I NTL INC NEW CL A EQU 571903202 209,336 1,065 SH   SOLE 12 1,065 0 0
MARSH MCLENNAN COS INC EQU 571748102 424,369 2,230 SH   SOLE 12 2,230 0 0
MCDONALDS CORP EQU 580135101 659,917 2,505 SH   SOLE 12 2,505 0 0
MICROSOFT CORP EQU 594918104 7,843,546 24,841 SH   SOLE 12 24,841 0 0
MONDELEZ INTERNATIONAL INC EQU 609207105 347,069 5,001 SH   SOLE 12 5,001 0 0
MOODYS CORP EQU 615369105 261,473 827 SH   SOLE 12 827 0 0
MORGAN STANLEY EQU 617446448 407,207 4,986 SH   SOLE 12 4,986 0 0
NIKE INC CL B EQU 654106103 408,393 4,271 SH   SOLE 12 4,271 0 0
NORFOLK SOUTHERN CORP EQU 655844108 212,094 1,077 SH   SOLE 12 1,077 0 0
NORTHROP GRUMMAN CORP EQU 666807102 238,143 541 SH   SOLE 12 541 0 0
OCCIDENTAL PETROLEUM CORP EQU 674599105 211,055 3,253 SH   SOLE 12 3,253 0 0
PARK HOTELS RESORTS INC EQU 700517105 687,727 55,822 SH   SOLE 12 55,822 0 0
PEPSICO INC. EQU 713448108 851,944 5,028 SH   SOLE 12 5,028 0 0
PFIZER INC EQU 717081103 645,322 19,455 SH   SOLE 12 19,455 0 0
PHILIP MORRIS INTL. EQU 718172109 481,879 5,205 SH   SOLE 12 5,205 0 0
PIONEER NA T RES CO COM EQU 723787107 243,093 1,059 SH   SOLE 12 1,059 0 0
PROCTER & GAMBLE CO EQU 742718109 1,134,645 7,779 SH   SOLE 12 7,779 0 0
PROGRESSIVE CORP EQU 743315103 335,295 2,407 SH   SOLE 12 2,407 0 0
QUALCOMM INC EQU 747525103 429,136 3,864 SH   SOLE 12 3,864 0 0
SCHLUMBERGER LTD EQU 806857108 307,183 5,269 SH   SOLE 12 5,269 0 0
SHERWIN WILLIAMS CO EQU 824348106 280,045 1,098 SH   SOLE 12 1,098 0 0
SIMON PPTY GROUP INC EQU 828806109 6,672,689 61,767 SH   SOLE 12 61,767 0 0
SOUTHERN CO EQU 842587107 213,123 3,293 SH   SOLE 12 3,293 0 0
STARBUCKS CORP EQU 855244109 346,643 3,798 SH   SOLE 12 3,798 0 0
STRYKER CORP EQU 863667101 351,698 1,287 SH   SOLE 12 1,287 0 0
TEXAS INST RS INC COM EQU 882508104 475,599 2,991 SH   SOLE 12 2,991 0 0
THERMO FIS HER SCIENTIFIC INC COM EQU 883556102 758,749 1,499 SH   SOLE 12 1,499 0 0
UNION PACIFIC CORP EQU 907818108 460,815 2,263 SH   SOLE 12 2,263 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106 386,558 2,480 SH   SOLE 12 2,480 0 0
WALMART INC EQU 931142103 845,070 5,284 SH   SOLE 12 5,284 0 0
WASHINGTON REAL ESTATE EQU 939653101 269,595 19,765 SH   SOLE 12 19,765 0 0
WELLS FARGO CO EQU 949746101 528,483 12,934 SH   SOLE 12 12,934 0 0
ALEXANDRIA REAL ESTATE EQU 015271109 918,017 9,171 SH   SOLE 12 9,171 0 0
REALTY INCOME CORP EQU 756109104 3,247,299 65,024 SH   SOLE 12 65,024 0 0
SUN COMMUNITIES EQU 866674104 4,245,448 35,875 SH   SOLE 12 35,875 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414 303,747,167 2,962,231 SH   SOLE 12 2,962,231 0 0
AFLAC INC. EQU 001055102 202,620 2,640 SH   SOLE 12 2,640 0 0
AIR PRODUCTS & CHEM EQU 009158106 230,688 814 SH   SOLE 12 814 0 0
AMERICAN INTL GROUP INC EQU 026874784 212,585 3,508 SH   SOLE 12 3,508 0 0
AMPHENOL CORP. EQU 032095101 316,474 3,768 SH   SOLE 12 3,768 0 0
ANALOG DEVICES INC EQU 032654105 323,391 1,847 SH   SOLE 12 1,847 0 0
AUTOZONE INC EQU 053332102 220,979 87 SH   SOLE 12 87 0 0
BOSTON PPTYS INC EQU 101121101 1,088,425 18,299 SH   SOLE 12 18,299 0 0
KLA CORP EQU 482480100 240,797 525 SH   SOLE 12 525 0 0
MICRON TEC HNOLOGY INC COM EQU 595112103 299,604 4,404 SH   SOLE 12 4,404 0 0
PALO ALTO NETWORKS INC EQU 697435105 282,500 1,205 SH   SOLE 12 1,205 0 0
ROPER TECHNOLOGIES INC EQU 776696106 232,939 481 SH   SOLE 12 481 0 0
SYNOPSYS INC EQU 871607107 205,160 447 SH   SOLE 12 447 0 0
T-MOBILE US INC EQU 872590104 328,137 2,343 SH   SOLE 12 2,343 0 0
TJX COMPANIES INC EQU 872540109 342,010 3,848 SH   SOLE 12 3,848 0 0
VORNADO RLTY TR EQU 929042109 410,213 18,087 SH   SOLE 12 18,087 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106 387,150 10,955 SH   SOLE 12 10,955 0 0
ISHARES CORE S&P 500 ETF EQU 464287200 40,366,420 94,000 SH   SOLE 12 94,000 0 0
UDR INC EQU 902653104 1,730,031 48,501 SH   SOLE 12 48,501 0 0
VICI PPTYS INC EQU 925652109 4,285,208 147,258 SH   SOLE 12 147,258 0 0
AON PLC CLASS A EQU G0403H108 311,251 960 SH   SOLE 12 960 0 0
CARRIER GLOBAL CORP EQU 14448C104 248,069 4,494 SH   SOLE 12 4,494 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101 366,543 5,093 SH   SOLE 12 5,093 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853 17,355,000 500,000 SH   SOLE 12 500,000 0 0
GENERAL ELECTRIC EQU 369604301 363,599 3,289 SH   SOLE 12 3,289 0 0
ISHARES US ENERGY ETF EQU 464287796 1,961,942 41,365 SH   SOLE 12 41,365 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106 1,508,793 47,536 SH   SOLE 12 47,536 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474 24,989,436 852,300 SH   SOLE 12 852,300 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105 673,346 44,096 SH   SOLE 12 44,096 0 0
ISHARES YEAR INVESTMENT GRADE CO EQU 464289511 1,686,386 35,774 SH   SOLE 12 35,774 0 0
BRANDYWINE REALTY EQU 105368203 149,507 32,931 SH   SOLE 12 32,931 0 0
SAFEHOLD INC EQU 78646V107 1,642,922 92,299 SH   SOLE 12 92,299 0 0
LINDE PLC EQU G54950103 602,462 1,618 SH   SOLE 12 1,618 0 0
ISHARES MBS ETF EQU 464288588 8,094,564 91,155 SH   SOLE 12 91,155 0 0
BROADSTONE NET LEASE INC EQU 11135E203 1,927,683 134,803 SH   SOLE 12 134,803 0 0
EPR PROPERTIES EQU 26884U109 1,877,650 45,201 SH   SOLE 12 45,201 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201 851,874 35,778 SH   SOLE 12 35,778 0 0
ISHARES IBOXX INV GR CORP BD ETF EQU 464287242 25,886,555 253,740 SH   SOLE 12 253,740 0 0
ISHARES MSCI USA QUALITY FACTOR ET EQU 46432F339 1,996,882 15,152 SH   SOLE 12 15,152 0 0
ISHARES -5 YEAR HIGH YIELD CORPORA EQU 46434V407 6,549,291 159,622 SH   SOLE 12 159,622 0 0
TERRENO REALTY CORP EQU 88146M101 1,623,685 28,586 SH   SOLE 12 28,586 0 0