GRS Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), GRS Advisors, LLC reported 27 stock positions worth $1.0 billion. Its top holding was Hyatt Hotels Class A (H) at 7.1% of the portfolio, followed by Vail Resorts (MTN, 6.9%) and Vivmark Residential (VMRK, 6.8%). Compared with Q1 2025, it opened 8 new positions, sold out of 13, added to 6 and reduced 10. The biggest buy was a new position in Hyatt Hotels Class A (H) and the biggest sale Welltower (WELL, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001172661-25-003257 ↗ filed Aug 14, 2025
Holdings Value
Holdings 27 stocks · $1.0B
| H Hyatt Hotels Corp. Class A | 7.14% | 531,786 | $74.3M | New |
| MTN Vail Resorts Inc. | 6.90% | 456,649 | $71.8M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 6.78% | 1,045,798 | $70.6M | New |
| AHR American Healthcare REIT Inc. | 6.46% | 1,828,328 | $67.2M | Add +43.4% |
| EQIX Equinix Inc. | 6.20% | 81,072 | $64.5M | Add +71.6% |
| CCI Crown Castle Inc. | 6.14% | 622,178 | $63.9M | New |
| SKT Tanger Inc. | 5.55% | 1,889,097 | $57.8M | Add +98.9% |
| CURB Curbline Properties Corp. | 5.20% | 2,370,777 | $54.1M | Reduce -5.6% |
| CCL Carnival Corp. | 5.05% | 1,867,620 | $52.5M | Reduce -31.8% |
| FRT Federal Realty Invs Trust | 4.57% | 500,227 | $47.5M | New |
| RHP Ryman Hospitality Properties | 3.76% | 396,988 | $39.2M | New |
| HIW Highwoods Properties Inc. | 3.73% | 1,247,470 | $38.8M | Add +40.0% |
| WELL Welltower Inc. | 3.64% | 246,231 | $37.9M | Reduce -58.2% |
| VTR Ventas Inc. | 3.63% | 597,828 | $37.8M | Add +1524.2% |
| WPC WP Carey Inc. | 3.62% | 604,270 | $37.7M | New |
| SBAC SBA Communications Corp. | 3.48% | 154,379 | $36.3M | Add +15.0% |
| LINE Lineage Inc. | 3.46% | 828,252 | $36.0M | Reduce -5.5% |
| OUT Outfront Media Inc. | 3.43% | 2,188,906 | $35.7M | Reduce -38.3% |
| DLR Digital Realty Trust Inc. | 3.34% | 199,202 | $34.7M | Reduce -51.3% |
| ADC Agree Realty Corp. | 2.71% | 386,448 | $28.2M | Reduce -47.9% |
| CTRE Caretrust REIT Inc. | 2.55% | 865,875 | $26.5M | Reduce -38.8% |
| DBRG Digitalbridge Group Inc. | 1.81% | 1,816,915 | $18.8M | Reduce -27.9% |
| CUBE Cubesmart | 0.23% | 56,153 | $2.4M | New |
| GLPI Gaming and Leisure Propertie | 0.21% | 46,885 | $2.2M | No change |
| UDR Udr Inc. | 0.20% | 51,016 | $2.1M | Reduce -93.9% |
| MTH Meritage Homes Corp. | 0.17% | 26,236 | $1.8M | No change |
| WH Wyndham Hotels & Resorts Inc. | 0.04% | 5,046 | $410K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| WELL Welltower Inc. | Reduce -58.2% | 3.64% | −5.74 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −4.55 |
| CPT Camden Property Trust | Sold out | 0.00% | −4.03 |
| AMT American Tower Corp. | Sold out | 0.00% | −4.02 |
| RYN Rayonier Inc. | Sold out | 0.00% | −3.93 |
| UDR Udr Inc. | Reduce -93.9% | 0.20% | −3.72 |
| ADC Agree Realty Corp. | Reduce -47.9% | 2.71% | −3.25 |
| DLR Digital Realty Trust Inc. | Reduce -51.3% | 3.34% | −2.77 |
| PLD Prologis Inc. | Sold out | 0.00% | −2.66 |
| OUT Outfront Media Inc. | Reduce -38.3% | 3.43% | −2.52 |
| DRH Diamondrock Hospitality Co. | Sold out | 0.00% | −2.15 |
| PEB Pebblebrook Hotel Trust | Sold out | 0.00% | −1.96 |
| BXP BXP Inc. | Sold out | 0.00% | −1.94 |
| LINE Lineage Inc. | Reduce -5.5% | 3.46% | −1.88 |
| CTRE Caretrust REIT Inc. | Reduce -38.8% | 2.55% | −1.66 |
| CURB Curbline Properties Corp. | Reduce -5.6% | 5.20% | −1.12 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.93 |
| CCL Carnival Corp. | Reduce -31.8% | 5.05% | −0.52 |
| DBRG Digitalbridge Group Inc. | Reduce -27.9% | 1.81% | −0.51 |
| EPRT Essential Properties Realty | Sold out | 0.00% | −0.25 |
| PSA Public Storage | Sold out | 0.00% | −0.25 |
| HGV Hilton Grand Vacations Inc. | Sold out | 0.00% | −0.18 |
| BRX Brixmor Property Group Inc. | Sold out | 0.00% | −0.15 |
Portfolio Buys Q1 2025 → Q2 2025
| H Hyatt Hotels Corp. Class A | New | 7.14% | +7.14 |
| MTN Vail Resorts Inc. | New | 6.90% | +6.90 |
| VMRK Vivmark Residential | New | 6.78% | +6.78 |
| CCI Crown Castle Inc. | New | 6.14% | +6.14 |
| FRT Federal Realty Invs Trust | New | 4.57% | +4.57 |
| RHP Ryman Hospitality Properties | New | 3.76% | +3.76 |
| WPC WP Carey Inc. | New | 3.62% | +3.62 |
| VTR Ventas Inc. | Add +1524.2% | 3.63% | +3.37 |
| AHR American Healthcare REIT Inc. | Add +43.4% | 6.46% | +2.44 |
| SKT Tanger Inc. | Add +98.9% | 5.55% | +2.21 |
| EQIX Equinix Inc. | Add +71.6% | 6.20% | +2.19 |
| HIW Highwoods Properties Inc. | Add +40.0% | 3.73% | +0.98 |
| SBAC SBA Communications Corp. | Add +15.0% | 3.48% | +0.41 |
| CUBE Cubesmart | New | 0.23% | +0.23 |
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 |