GRS Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), GRS Advisors, LLC reported 30 stock positions worth $745.0 million. Its top holding was Highwoods Properties (HIW) at 7.4% of the portfolio, followed by West Fraser Timber (WFG, 7.0%) and Americold Realty Trust (COLD, 6.8%). Compared with Q4 2023, it opened 7 new positions, sold out of 7, added to 12 and reduced 6. The biggest buy was a new position in Highwoods Properties (HIW) and the biggest sale Realty Income (O, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $745.0M (Q1 2024)
- SEC Filing
- 0001172661-24-002362 ↗ filed May 15, 2024
Holdings Value
Holdings 30 stocks · $745.0M
| HIW Highwoods Properties Inc. | 7.37% | 2,098,633 | $54.9M | New |
| WFG West Fraser Timber Co. Ltd. | 7.01% | 604,124 | $52.2M | Add +32.5% |
| COLD Americold Realty Trust Inc. | 6.76% | 2,019,541 | $50.3M | Add +12.6% |
| SBAC SBA Communications Corp. | 6.15% | 211,540 | $45.8M | Add +69.3% |
| SKT Tanger Inc. | 5.88% | 1,483,690 | $43.8M | Add +11.1% |
| AVB Avalonbay Communities Inc. | 5.68% | 228,082 | $42.3M | Add +83.5% |
| EPRT Essential Properties Realty | 5.36% | 1,498,462 | $39.9M | New |
| PECO Phillips Edison & Company Inc. | 5.03% | 1,045,540 | $37.5M | Add +46.5% |
| PSA Public Storage | 5.00% | 128,324 | $37.2M | Add +1523.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 4.59% | 1,147,197 | $34.2M | Reduce -24.3% |
| DBRG Digitalbridge Group Inc. | 4.56% | 1,762,023 | $34.0M | Add +14.8% |
| IRT Independence Realty Trust Inc. | 4.49% | 2,073,314 | $33.4M | New |
| CTRE Caretrust REIT Inc. | 3.92% | 1,197,438 | $29.2M | Reduce -15.3% |
| VAC Marriott Vacations World | 3.90% | 269,925 | $29.1M | Add +11.4% |
| WELL Welltower Inc. | 3.65% | 290,964 | $27.2M | Add +2262.9% |
| HST Host Hotels & Resorts Inc. | 3.52% | 1,269,042 | $26.2M | Add +11.8% |
| STAG Stag Industrial Inc. | 3.43% | 665,657 | $25.6M | New |
| RLJ RLJ Lodging Trust | 3.39% | 2,137,706 | $25.3M | New |
| WH Wyndham Hotels & Resorts Inc. | 3.32% | 322,130 | $24.7M | Reduce -4.2% |
| CPT Camden Property Trust | 2.59% | 195,978 | $19.3M | New |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 2.16% | 245,993 | $16.1M | New |
| DLR Digital Realty Trust Inc. | 0.41% | 21,018 | $3.0M | Add +111.3% |
| AGNC AGNC Investment Corp. | 0.32% | 238,280 | $2.4M | Reduce -92.8% |
| AMH American Homes 4 Rent- A | 0.31% | 62,643 | $2.3M | No change |
| EQIX Equinix Inc. | 0.27% | 2,405 | $2.0M | Reduce -43.5% |
| O Realty Income Corp. | 0.24% | 33,222 | $1.8M | Reduce -96.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.21% | 12,400 | $1.6M | No change |
| SBRA Sabra Health Care REIT Inc. | 0.17% | 86,052 | $1.3M | No change |
| EGP Eastgroup Properties Inc. | 0.16% | 6,616 | $1.2M | No change |
| KIM Kimco Realty Corp. | 0.16% | 59,554 | $1.2M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| O Realty Income Corp. | Reduce -96.8% | 0.24% | −9.46 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −7.13 |
| AGNC AGNC Investment Corp. | Reduce -92.8% | 0.32% | −5.05 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −4.00 |
| VICI Vici Properties Inc. | Reduce -24.3% | 4.59% | −3.38 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −3.26 |
| HUDSON PAC PPTYS INC | Sold out | 0.00% | −3.05 |
| CTRE Caretrust REIT Inc. | Reduce -15.3% | 3.92% | −1.30 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -4.2% | 3.32% | −1.14 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.50 |
| EQIX Equinix Inc. | Reduce -43.5% | 0.27% | −0.30 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.27 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.13 |
Portfolio Buys Q4 2023 → Q1 2024
| HIW Highwoods Properties Inc. | New | 7.37% | +7.37 |
| EPRT Essential Properties Realty | New | 5.36% | +5.36 |
| PSA Public Storage | Add +1523.7% | 5.00% | +4.60 |
| IRT Independence Realty Trust Inc. | New | 4.49% | +4.49 |
| WELL Welltower Inc. | Add +2262.9% | 3.65% | +3.47 |
| STAG Stag Industrial Inc. | New | 3.43% | +3.43 |
| RLJ RLJ Lodging Trust | New | 3.39% | +3.39 |
| CPT Camden Property Trust | New | 2.59% | +2.59 |
| BXP BXP Inc. | New | 2.16% | +2.16 |
| AVB Avalonbay Communities Inc. | Add +83.5% | 5.68% | +1.84 |
| SBAC SBA Communications Corp. | Add +69.3% | 6.15% | +0.92 |
| PECO Phillips Edison & Company Inc. | Add +46.5% | 5.03% | +0.74 |
| WFG West Fraser Timber Co. Ltd. | Add +32.5% | 7.01% | +0.57 |
| VAC Marriott Vacations World | Add +11.4% | 3.90% | +0.51 |
| DLR Digital Realty Trust Inc. | Add +111.3% | 0.41% | +0.19 |
| DBRG Digitalbridge Group Inc. | Add +14.8% | 4.56% | +0.12 |
| HST Host Hotels & Resorts Inc. | Add +11.8% | 3.52% | −0.12 |
| SKT Tanger Inc. | Add +11.1% | 5.88% | −0.22 |
| COLD Americold Realty Trust Inc. | Add +12.6% | 6.76% | −2.20 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $1.2B | CTRE, AMT, CBRE, AHR, CURB |
| Q1 2026 | 32 | $1.0B | PLD, FRT, WH, VTR, CDP |
| Q4 2025 | 33 | $1.1B | EQIX, OUT, WH, RHP, CCI |
| Q3 2025 | 31 | $1.1B | CCI, MTN, FRT, HIW, EQIX |
| Q2 2025 | 27 | $1.0B | H, MTN, VMRK, AHR, EQIX |
| Q1 2025 | 32 | $961.1M | WELL, CURB, DLR, ADC, OUT |
| Q4 2024 | 30 | $1.0B | SBAC, MAR, O, CUZ, CURB |
| Q3 2024 | 27 | $1.1B | SBAC, MAR, REXR, SUI, RYN |
| Q2 2024 | 26 | $867.1M | COLD, AMH, DLR, WH, VICI |
| Q1 2024 | 30 | $745.0M | HIW, WFG, COLD, SBAC, SKT |