GRS Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), GRS Advisors, LLC reported 32 stock positions worth $961.1 million. Its top holding was Welltower (WELL) at 9.4% of the portfolio, followed by Curbline Properties (CURB, 6.3%) and Digital Realty Trust (DLR, 6.1%). Compared with Q4 2024, it opened 11 new positions, sold out of 9, added to 10 and reduced 11. The biggest buy was Welltower (WELL, shares +1607%) and the biggest sale an exit from Marriott International Class A (MAR).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $961.1M (Q1 2025)
- SEC Filing
- 0001172661-25-001945 ↗ filed May 15, 2025
Holdings Value
Holdings 32 stocks · $961.1M
| WELL Welltower Inc. | 9.38% | 588,454 | $90.2M | Add +1607.0% |
| CURB Curbline Properties Corp. | 6.32% | 2,510,383 | $60.7M | Add +12.3% |
| DLR Digital Realty Trust Inc. | 6.10% | 409,379 | $58.7M | New |
| ADC Agree Realty Corp. | 5.96% | 742,060 | $57.3M | Add +45.6% |
| OUT Outfront Media Inc. | 5.95% | 3,545,582 | $57.2M | New |
| CCL Carnival Corp. | 5.57% | 2,739,623 | $53.5M | New |
| LINE Lineage Inc. | 5.34% | 875,998 | $51.4M | Add +160.0% |
| KIM Kimco Realty Corp. | 4.55% | 2,057,718 | $43.7M | New |
| CTRE Caretrust REIT Inc. | 4.21% | 1,415,422 | $40.5M | Reduce -11.5% |
| CPT Camden Property Trust | 4.03% | 316,446 | $38.7M | New |
| AHR American Healthcare REIT Inc. | 4.02% | 1,275,125 | $38.6M | Reduce -26.9% |
| AMT American Tower Corp. | 4.02% | 177,415 | $38.6M | Add +551.3% |
| EQIX Equinix Inc. | 4.01% | 47,236 | $38.5M | Add +10.9% |
| RYN Rayonier Inc. | 3.93% | 1,354,183 | $37.8M | Add +21.2% |
| UDR Udr Inc. | 3.92% | 833,572 | $37.7M | New |
| SKT Tanger Inc. | 3.34% | 949,673 | $32.1M | Add +6.0% |
| SBAC SBA Communications Corp. | 3.07% | 134,288 | $29.5M | Reduce -62.6% |
| HIW Highwoods Properties Inc. | 2.75% | 890,940 | $26.4M | New |
| PLD Prologis Inc. | 2.66% | 228,932 | $25.6M | New |
| DBRG Digitalbridge Group Inc. | 2.31% | 2,521,576 | $22.2M | Reduce -4.8% |
| DRH Diamondrock Hospitality Co. | 2.15% | 2,678,153 | $20.7M | Add +143.8% |
| PEB Pebblebrook Hotel Trust | 1.96% | 1,859,487 | $18.8M | Reduce -41.9% |
| BXP BXP Inc. | 1.94% | 277,849 | $18.7M | New |
| SHO Sunstone Hotel Investors Inc. | 0.93% | 945,690 | $8.9M | Reduce -51.3% |
| VTR Ventas Inc. | 0.26% | 36,808 | $2.5M | Reduce -94.1% |
| EPRT Essential Properties Realty | 0.25% | 74,533 | $2.4M | Add +0.9% |
| GLPI Gaming and Leisure Propertie | 0.25% | 46,885 | $2.4M | New |
| PSA Public Storage | 0.25% | 7,872 | $2.4M | Reduce -93.0% |
| MTH Meritage Homes Corp. | 0.19% | 26,236 | $1.9M | Reduce -96.0% |
| HGV Hilton Grand Vacations Inc. | 0.18% | 47,248 | $1.8M | Reduce -92.5% |
| BRX Brixmor Property Group Inc. | 0.15% | 54,988 | $1.5M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.05% | 5,046 | $457K | Reduce -98.6% |
Portfolio Sells Q4 2024 → Q1 2025
| MAR Marriott International Class A | Sold out | 0.00% | −7.10 |
| O Realty Income Corp. | Sold out | 0.00% | −6.49 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −6.29 |
| MTH Meritage Homes Corp. | Reduce -96.0% | 0.19% | −4.76 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −4.53 |
| SBAC SBA Communications Corp. | Reduce -62.6% | 3.07% | −4.14 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -98.6% | 0.05% | −3.64 |
| VTR Ventas Inc. | Reduce -94.1% | 0.26% | −3.37 |
| PSA Public Storage | Reduce -93.0% | 0.25% | −3.07 |
| KRC Kilroy Realty Corp. | Sold out | 0.00% | −2.39 |
| PEB Pebblebrook Hotel Trust | Reduce -41.9% | 1.96% | −2.32 |
| MAC The Macerich Co. | Sold out | 0.00% | −2.28 |
| HGV Hilton Grand Vacations Inc. | Reduce -92.5% | 0.18% | −2.22 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −1.89 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −1.54 |
| SHO Sunstone Hotel Investors Inc. | Reduce -51.3% | 0.93% | −1.34 |
| RLJ RLJ Lodging Trust | Sold out | 0.00% | −1.04 |
| AHR American Healthcare REIT Inc. | Reduce -26.9% | 4.02% | −0.87 |
| DBRG Digitalbridge Group Inc. | Reduce -4.8% | 2.31% | −0.63 |
| CTRE Caretrust REIT Inc. | Reduce -11.5% | 4.21% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| WELL Welltower Inc. | Add +1607.0% | 9.38% | +8.95 |
| DLR Digital Realty Trust Inc. | New | 6.10% | +6.10 |
| OUT Outfront Media Inc. | New | 5.95% | +5.95 |
| CCL Carnival Corp. | New | 5.57% | +5.57 |
| KIM Kimco Realty Corp. | New | 4.55% | +4.55 |
| CPT Camden Property Trust | New | 4.03% | +4.03 |
| UDR Udr Inc. | New | 3.92% | +3.92 |
| AMT American Tower Corp. | Add +551.3% | 4.02% | +3.52 |
| LINE Lineage Inc. | Add +160.0% | 5.34% | +3.40 |
| HIW Highwoods Properties Inc. | New | 2.75% | +2.75 |
| PLD Prologis Inc. | New | 2.66% | +2.66 |
| ADC Agree Realty Corp. | Add +45.6% | 5.96% | +2.42 |
| BXP BXP Inc. | New | 1.94% | +1.94 |
| CURB Curbline Properties Corp. | Add +12.3% | 6.32% | +1.20 |
| DRH Diamondrock Hospitality Co. | Add +143.8% | 2.15% | +1.17 |
| RYN Rayonier Inc. | Add +21.2% | 3.93% | +1.05 |
| SKT Tanger Inc. | Add +6.0% | 3.34% | +0.32 |
| GLPI Gaming and Leisure Propertie | New | 0.25% | +0.25 |
| BRX Brixmor Property Group Inc. | New | 0.15% | +0.15 |
| EQIX Equinix Inc. | Add +10.9% | 4.01% | +0.05 |
| EPRT Essential Properties Realty | Add +0.9% | 0.25% | +0.03 |
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 |