H/2 Credit Manager LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), H/2 Credit Manager LP reported 12 stock positions worth $391.3 million. Its top holding was Veris Residential (VRE) at 18.3% of the portfolio, followed by RLJ Lodging Trust (RLJ, 16.4%) and Summit Hotel Properties (INN, 15.6%). Compared with Q3 2024, it added to 3. The biggest buy was Summit Hotel Properties (INN, shares +24%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001813784
Portfolio Value
$391.3M (Q4 2024)
SEC Filing
0001813784-25-000001 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $391.3M $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 · $391.3M
VRE Veris Residential Inc. 18.26% 4,297,314 $71.5M No change
RLJ RLJ Lodging Trust 16.45% 6,304,257 $64.4M No change
INN Summit Hotel Properties Inc. 15.60% 8,909,500 $61.0M Add +24.3%
PK Park Hotels & Resorts Inc. 12.33% 3,428,750 $48.2M No change
DHC Diversified Healthcare Trust 8.77% 14,917,366 $34.3M No change
DRH Diamondrock Hospitality Co. 8.63% 3,741,445 $33.8M Add +36.5%
SHO Sunstone Hotel Investors Inc. 8.44% 2,788,210 $33.0M Add +27.4%
SBRA Sabra Health Care REIT Inc. 3.98% 900,000 $15.6M No change
HST Host Hotels & Resorts Inc. 2.62% 586,032 $10.3M No change
KIM Kimco Realty Corp. 2.14% 357,500 $8.4M No change
BRX Brixmor Property Group Inc. 1.42% 200,000 $5.6M No change
CLDT Chatham Lodging Trust 1.36% 595,000 $5.3M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $49K (not counted above)
SecurityClassShares / PrincipalValueChange
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 2,000$49KNo change

Total filed on the 13F, all lines: $391.4M.

Portfolio Sells Q3 2024 → Q4 2024
None this quarter.

Portfolio Buys Q3 2024 → Q4 2024
INN Summit Hotel Properties Inc. Add +24.3% 15.60% +2.90
SHO Sunstone Hotel Investors Inc. Add +27.4% 8.44% +2.60
DRH Diamondrock Hospitality Co. Add +36.5% 8.63% +2.45

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