H/2 Credit Manager LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), H/2 Credit Manager LP reported 12 stock positions worth $387.2 million. Its top holding was Veris Residential (VRE) at 19.8% of the portfolio, followed by Diversified Healthcare Trust (DHC, 16.1%) and RLJ Lodging Trust (RLJ, 14.9%). Compared with Q2 2024, it sold out of 2 and added to 1. The biggest buy was Summit Hotel Properties (INN, shares +43%) and the biggest sale an exit from Vornado Realty Trust (VNO).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001813784
Portfolio Value
$387.2M (Q3 2024)
SEC Filing
0001813784-24-000006 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $390.1M Q1 2024 Q2 2024: $371.3M Q2 2024 Q3 2024: $387.2M $387.2M Q3 2024 Q4 2024: $391.3M Q4 2024 Q1 2025: $370.3M Q1 2025 Q2 2025: $358.4M Q2 2025 Q3 2025: $396.3M Q3 2025 Q4 2025: $449.9M Q4 2025 Q1 2026: $492.9M Q1 2026 Q2 2026: $526.3M Q2 2026

Holdings 12 stocks · $387.2M
VRE Veris Residential Inc. 19.82% 4,297,314 $76.8M No change
DHC Diversified Healthcare Trust 16.14% 14,917,366 $62.5M No change
RLJ RLJ Lodging Trust 14.95% 6,304,257 $57.9M No change
INN Summit Hotel Properties Inc. 12.70% 7,167,331 $49.2M Add +43.0%
PK Park Hotels & Resorts Inc. 12.49% 3,428,750 $48.3M No change
DRH Diamondrock Hospitality Co. 6.18% 2,741,445 $23.9M No change
SHO Sunstone Hotel Investors Inc. 5.83% 2,188,210 $22.6M No change
SBRA Sabra Health Care REIT Inc. 4.33% 900,000 $16.7M No change
HST Host Hotels & Resorts Inc. 2.66% 586,032 $10.3M No change
KIM Kimco Realty Corp. 2.14% 357,500 $8.3M No change
BRX Brixmor Property Group Inc. 1.44% 200,000 $5.6M No change
CLDT Chatham Lodging Trust 1.31% 595,000 $5.1M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $52K (not counted above)
SecurityClassShares / PrincipalValueChange
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 2,000$52KNo change

Total filed on the 13F, all lines: $387.2M.

Portfolio Sells Q2 2024 → Q3 2024
VNO Vornado Realty Trust Sold out 0.00% −7.14
SLG SL Green Realty Corp. Sold out 0.00% −1.53

Portfolio Buys Q2 2024 → Q3 2024
INN Summit Hotel Properties Inc. Add +43.0% 12.70% +4.62

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$526.3MDHC, RLJ, INN, DRH, PK
Q1 2026 16$492.9MVRE, DHC, RLJ, INN, DRH
Q4 2025 16$449.9MVRE, DHC, RLJ, INN, DRH
Q3 2025 14$396.3MDHC, VRE, INN, RLJ, PK
Q2 2025 13$358.4MVRE, DHC, INN, RLJ, PK
Q1 2025 13$370.3MVRE, RLJ, INN, PK, DRH
Q4 2024 12$391.3MVRE, RLJ, INN, PK, DHC
Q3 2024 12$387.2MVRE, DHC, RLJ, INN, PK
Q2 2024 14$371.3MVRE, RLJ, PK, DHC, INN
Q1 2024 14$390.1MRLJ, VRE, PK, DHC, INN