GRS Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), GRS Advisors, LLC reported 30 stock positions worth $1.0 billion. Its top holding was SBA Communications (SBAC) at 7.2% of the portfolio, followed by Marriott International Class A (MAR, 7.1%) and Realty Income (O, 6.5%). Compared with Q3 2024, it opened 8 new positions, sold out of 5, added to 8 and reduced 12. The biggest buy was a new position in Cousins Properties (CUZ) and the biggest sale an exit from Sun Communities (SUI).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $1.0B (Q4 2024)
- SEC Filing
- 0001172661-25-000859 ↗ filed Feb 14, 2025
Holdings Value
Holdings 30 stocks · $1.0B
| SBAC SBA Communications Corp. | 7.21% | 358,808 | $73.1M | Add +1.7% |
| MAR Marriott International Class A | 7.10% | 257,896 | $71.9M | Reduce -3.6% |
| O Realty Income Corp. | 6.49% | 1,232,324 | $65.8M | Add +36.3% |
| CUZ Cousins Properties Inc. | 6.29% | 2,080,891 | $63.8M | New |
| CURB Curbline Properties Corp. | 5.12% | 2,234,702 | $51.9M | New |
| MTH Meritage Homes Corp. | 4.96% | 326,620 | $50.2M | Add +225.5% |
| AHR American Healthcare REIT Inc. | 4.89% | 1,744,252 | $49.6M | Add +1.7% |
| REXR Rexford Industrial Realty Inc. | 4.53% | 1,188,145 | $45.9M | Add +1.8% |
| PEB Pebblebrook Hotel Trust | 4.28% | 3,199,423 | $43.4M | Reduce -19.6% |
| CTRE Caretrust REIT Inc. | 4.27% | 1,599,922 | $43.3M | No change |
| EQIX Equinix Inc. | 3.96% | 42,598 | $40.2M | Reduce -32.5% |
| WH Wyndham Hotels & Resorts Inc. | 3.68% | 370,643 | $37.4M | Reduce -38.5% |
| VTR Ventas Inc. | 3.63% | 625,293 | $36.8M | Add +832.8% |
| ADC Agree Realty Corp. | 3.54% | 509,719 | $35.9M | New |
| PSA Public Storage | 3.32% | 112,307 | $33.6M | New |
| SKT Tanger Inc. | 3.02% | 895,897 | $30.6M | Reduce -16.6% |
| DBRG Digitalbridge Group Inc. | 2.95% | 2,647,194 | $29.9M | Reduce -6.7% |
| RYN Rayonier Inc. | 2.88% | 1,117,054 | $29.2M | Reduce -37.8% |
| HGV Hilton Grand Vacations Inc. | 2.41% | 626,793 | $24.4M | New |
| KRC Kilroy Realty Corp. | 2.39% | 598,370 | $24.2M | Reduce -25.4% |
| MAC The Macerich Co. | 2.28% | 1,159,504 | $23.1M | New |
| SHO Sunstone Hotel Investors Inc. | 2.27% | 1,940,880 | $23.0M | New |
| LINE Lineage Inc. | 1.95% | 336,954 | $19.7M | Add +223.2% |
| AVB Avalonbay Communities Inc. | 1.89% | 87,231 | $19.2M | Reduce -6.8% |
| COLD Americold Realty Trust Inc. | 1.54% | 731,924 | $15.7M | Reduce -58.7% |
| RLJ RLJ Lodging Trust | 1.04% | 1,034,104 | $10.6M | Reduce -65.5% |
| DRH Diamondrock Hospitality Co. | 0.98% | 1,098,474 | $9.9M | New |
| AMT American Tower Corp. | 0.49% | 27,242 | $5.0M | Reduce -82.4% |
| WELL Welltower Inc. | 0.43% | 34,474 | $4.3M | Add +76.5% |
| EPRT Essential Properties Realty | 0.23% | 73,862 | $2.3M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| SUI Sun Communities Inc. | Sold out | 0.00% | −5.51 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −3.91 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −3.32 |
| OHI Omega Healthcare Investors | Sold out | 0.00% | −3.26 |
| COLD Americold Realty Trust Inc. | Reduce -58.7% | 1.54% | −3.20 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −3.10 |
| AMT American Tower Corp. | Reduce -82.4% | 0.49% | −2.91 |
| RYN Rayonier Inc. | Reduce -37.8% | 2.88% | −2.59 |
| RLJ RLJ Lodging Trust | Reduce -65.5% | 1.04% | −1.56 |
| EQIX Equinix Inc. | Reduce -32.5% | 3.96% | −1.34 |
| DBRG Digitalbridge Group Inc. | Reduce -6.7% | 2.95% | −0.85 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -38.5% | 3.68% | −0.77 |
| PEB Pebblebrook Hotel Trust | Reduce -19.6% | 4.28% | −0.71 |
| KRC Kilroy Realty Corp. | Reduce -25.4% | 2.39% | −0.55 |
| SKT Tanger Inc. | Reduce -16.6% | 3.02% | −0.36 |
| AVB Avalonbay Communities Inc. | Reduce -6.8% | 1.89% | −0.10 |
| MAR Marriott International Class A | Reduce -3.6% | 7.10% | +0.80 |
Portfolio Buys Q3 2024 → Q4 2024
| CUZ Cousins Properties Inc. | New | 6.29% | +6.29 |
| CURB Curbline Properties Corp. | New | 5.12% | +5.12 |
| ADC Agree Realty Corp. | New | 3.54% | +3.54 |
| PSA Public Storage | New | 3.32% | +3.32 |
| VTR Ventas Inc. | Add +832.8% | 3.63% | +3.23 |
| MTH Meritage Homes Corp. | Add +225.5% | 4.96% | +3.01 |
| HGV Hilton Grand Vacations Inc. | New | 2.41% | +2.41 |
| MAC The Macerich Co. | New | 2.28% | +2.28 |
| SHO Sunstone Hotel Investors Inc. | New | 2.27% | +2.27 |
| LINE Lineage Inc. | Add +223.2% | 1.95% | +1.17 |
| O Realty Income Corp. | Add +36.3% | 6.49% | +1.06 |
| DRH Diamondrock Hospitality Co. | New | 0.98% | +0.98 |
| AHR American Healthcare REIT Inc. | Add +1.7% | 4.89% | +0.65 |
| WELL Welltower Inc. | Add +76.5% | 0.43% | +0.19 |
| SBAC SBA Communications Corp. | Add +1.7% | 7.21% | −0.82 |
| REXR Rexford Industrial Realty Inc. | Add +1.8% | 4.53% | −1.03 |
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 |