GRS Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), GRS Advisors, LLC reported 31 stock positions worth $1.1 billion. Its top holding was Crown Castle (CCI) at 11.7% of the portfolio, followed by Vail Resorts (MTN, 6.3%) and Federal Realty Invs Trust (FRT, 6.2%). Compared with Q2 2025, it opened 9 new positions, sold out of 5, added to 8 and reduced 10. The biggest buy was Crown Castle (CCI, shares +108%) and the biggest sale an exit from Vivmark Residential (VMRK).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001172661-25-004843 ↗ filed Nov 14, 2025
Holdings Value
Holdings 31 stocks · $1.1B
| CCI Crown Castle Inc. | 11.69% | 1,294,803 | $124.9M | Add +108.1% |
| MTN Vail Resorts Inc. | 6.33% | 452,114 | $67.6M | Reduce -1.0% |
| FRT Federal Realty Invs Trust | 6.21% | 655,162 | $66.4M | Add +31.0% |
| HIW Highwoods Properties Inc. | 6.10% | 2,046,809 | $65.1M | Add +64.1% |
| EQIX Equinix Inc. | 5.93% | 80,895 | $63.4M | Reduce -0.2% |
| H Hyatt Hotels Corp. Class A | 5.84% | 439,810 | $62.4M | Reduce -17.3% |
| AHR American Healthcare REIT Inc. | 5.82% | 1,480,722 | $62.2M | Reduce -19.0% |
| CTRE Caretrust REIT Inc. | 5.03% | 1,550,583 | $53.8M | Add +79.1% |
| CURB Curbline Properties Corp. | 5.01% | 2,402,558 | $53.6M | Add +1.3% |
| RHP Ryman Hospitality Properties | 4.29% | 511,078 | $45.8M | Add +28.7% |
| OUT Outfront Media Inc. | 4.23% | 2,468,232 | $45.2M | Add +12.8% |
| LINE Lineage Inc. | 4.00% | 1,105,351 | $42.7M | Add +33.5% |
| SKT Tanger Inc. | 3.73% | 1,178,942 | $39.9M | Reduce -37.6% |
| NCLH Norwegian Cruise Line Holdin | 3.21% | 1,390,358 | $34.2M | New |
| VNO Vornado Realty Trust | 3.00% | 791,560 | $32.1M | New |
| PRSU Pursuit Attractions and Hosp | 2.67% | 787,930 | $28.5M | New |
| TOL Toll Brothers Inc. | 2.66% | 205,612 | $28.4M | New |
| CDP Copt Defense Properties | 2.66% | 977,264 | $28.4M | New |
| WELL Welltower Inc. | 2.23% | 133,616 | $23.8M | Reduce -45.7% |
| PHM Pultegroup Inc. | 1.83% | 147,637 | $19.5M | New |
| JLL Jones Lang Lasalle Inc. | 1.75% | 62,554 | $18.7M | New |
| CBRE CBRE Group Inc. Class A | 1.72% | 116,793 | $18.4M | New |
| DLR Digital Realty Trust Inc. | 1.69% | 104,375 | $18.0M | Reduce -47.6% |
| CCL Carnival Corp. | 1.08% | 399,186 | $11.5M | Reduce -78.6% |
| VTR Ventas Inc. | 0.24% | 37,287 | $2.6M | Reduce -93.8% |
| CUBE Cubesmart | 0.21% | 56,153 | $2.3M | No change |
| INVH Invitation Homes Inc. | 0.21% | 77,407 | $2.3M | New |
| GLPI Gaming and Leisure Propertie | 0.20% | 46,885 | $2.2M | No change |
| SBAC SBA Communications Corp. | 0.20% | 10,835 | $2.1M | Reduce -93.0% |
| UDR Udr Inc. | 0.18% | 51,016 | $1.9M | No change |
| WH Wyndham Hotels & Resorts Inc. | 0.04% | 5,046 | $403K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| VMRK Vivmark Residential | Sold out | 0.00% | −6.78 |
| CCL Carnival Corp. | Reduce -78.6% | 1.08% | −3.97 |
| WPC WP Carey Inc. | Sold out | 0.00% | −3.62 |
| VTR Ventas Inc. | Reduce -93.8% | 0.24% | −3.38 |
| SBAC SBA Communications Corp. | Reduce -93.0% | 0.20% | −3.29 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −2.71 |
| SKT Tanger Inc. | Reduce -37.6% | 3.73% | −1.82 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −1.81 |
| DLR Digital Realty Trust Inc. | Reduce -47.6% | 1.69% | −1.65 |
| WELL Welltower Inc. | Reduce -45.7% | 2.23% | −1.41 |
| H Hyatt Hotels Corp. Class A | Reduce -17.3% | 5.84% | −1.29 |
| AHR American Healthcare REIT Inc. | Reduce -19.0% | 5.82% | −0.63 |
| MTN Vail Resorts Inc. | Reduce -1.0% | 6.33% | −0.57 |
| EQIX Equinix Inc. | Reduce -0.2% | 5.93% | −0.27 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −0.17 |
Portfolio Buys Q2 2025 → Q3 2025
| CCI Crown Castle Inc. | Add +108.1% | 11.69% | +5.55 |
| NCLH Norwegian Cruise Line Holdin | New | 3.21% | +3.21 |
| VNO Vornado Realty Trust | New | 3.00% | +3.00 |
| PRSU Pursuit Attractions and Hosp | New | 2.67% | +2.67 |
| TOL Toll Brothers Inc. | New | 2.66% | +2.66 |
| CDP Copt Defense Properties | New | 2.66% | +2.66 |
| CTRE Caretrust REIT Inc. | Add +79.1% | 5.03% | +2.49 |
| HIW Highwoods Properties Inc. | Add +64.1% | 6.10% | +2.37 |
| PHM Pultegroup Inc. | New | 1.83% | +1.83 |
| JLL Jones Lang Lasalle Inc. | New | 1.75% | +1.75 |
| CBRE CBRE Group Inc. Class A | New | 1.72% | +1.72 |
| FRT Federal Realty Invs Trust | Add +31.0% | 6.21% | +1.65 |
| OUT Outfront Media Inc. | Add +12.8% | 4.23% | +0.80 |
| LINE Lineage Inc. | Add +33.5% | 4.00% | +0.53 |
| RHP Ryman Hospitality Properties | Add +28.7% | 4.29% | +0.52 |
| INVH Invitation Homes Inc. | New | 0.21% | +0.21 |
| CURB Curbline Properties Corp. | Add +1.3% | 5.01% | −0.19 |
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 |