Land & Buildings Investment Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Land & Buildings Investment Management, LLC reported 18 stock positions worth $456.7 million. Its top holding was Equity Commonwealth (EQC) at 13.1% of the portfolio, followed by Invitation Homes (INVH, 8.6%) and Apartment Income REIT (AIRC, 8.5%). Compared with Q4 2023, it opened 7 new positions, sold out of 5, added to 5 and reduced 6. The biggest buy was a new position in Equity Commonwealth (EQC) and the biggest sale an exit from Tricon Residential (TCN).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $456.7M (Q1 2024)
- SEC Filing
- 0001578621-24-000006 ↗ filed May 15, 2024
Holdings Value
Holdings 18 stocks · $456.7M
| EQC Equity Commonwealth | 13.14% | 3,177,266 | $60.0M | New |
| INVH Invitation Homes Inc. | 8.63% | 1,107,120 | $39.4M | New |
| AIRC Apartment Income REIT Co. | 8.52% | 1,198,739 | $38.9M | Add +1.7% |
| EQIX Equinix Inc. | 8.31% | 45,991 | $38.0M | Add +55.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 7.52% | 266,926 | $34.3M | Reduce -8.8% |
| VTR Ventas Inc. | 6.88% | 721,462 | $31.4M | Reduce -23.5% |
| CBRE CBRE Group Inc. Class A | 6.45% | 303,040 | $29.5M | Add +992.4% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 5.50% | 399,602 | $25.1M | Reduce -3.0% |
| PLD Prologis Inc. | 5.10% | 178,942 | $23.3M | Reduce -30.4% |
| AHR American Healthcare REIT Inc. | 4.87% | 1,506,660 | $22.2M | New |
| LVS Las Vegas Sands Corp. | 4.72% | 416,500 | $21.5M | New |
| SKT Tanger Inc. | 4.43% | 684,427 | $20.2M | Add +5.0% |
| RHP Ryman Hospitality Properties | 3.95% | 156,026 | $18.0M | Reduce -2.8% |
| MAC The Macerich Co. | 3.67% | 971,969 | $16.7M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 3.65% | 560,120 | $16.7M | Reduce -41.9% |
| FR First Industrial Realty TR | 2.61% | 226,740 | $11.9M | New |
| SMRT Smartrent Inc. | 1.82% | 3,108,510 | $8.3M | Add +0.7% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.24% | 132,277 | $1.1M | New |
Portfolio Sells Q4 2023 → Q1 2024
| TCN Tricon Residential Inc. | Sold out | 0.00% | −12.13 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −8.83 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −5.86 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −4.06 |
| VTR Ventas Inc. | Reduce -23.5% | 6.88% | −3.92 |
| VICI Vici Properties Inc. | Reduce -41.9% | 3.65% | −3.41 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −3.13 |
| PLD Prologis Inc. | Reduce -30.4% | 5.10% | −2.77 |
| SUI Sun Communities Inc. | Reduce -8.8% | 7.52% | −1.48 |
| RHP Ryman Hospitality Properties | Reduce -2.8% | 3.95% | −0.11 |
| NHI Natl Health Investors Inc. | Reduce -3.0% | 5.50% | +0.21 |
Portfolio Buys Q4 2023 → Q1 2024
| EQC Equity Commonwealth | New | 13.14% | +13.14 |
| INVH Invitation Homes Inc. | New | 8.63% | +8.63 |
| CBRE CBRE Group Inc. Class A | Add +992.4% | 6.45% | +5.86 |
| AHR American Healthcare REIT Inc. | New | 4.87% | +4.87 |
| LVS Las Vegas Sands Corp. | New | 4.72% | +4.72 |
| MAC The Macerich Co. | New | 3.67% | +3.67 |
| EQIX Equinix Inc. | Add +55.3% | 8.31% | +2.83 |
| FR First Industrial Realty TR | New | 2.61% | +2.61 |
| SKT Tanger Inc. | Add +5.0% | 4.43% | +0.27 |
| AIV Apartment Invt & Mgmt Co. Class A | New | 0.24% | +0.24 |
| SMRT Smartrent Inc. | Add +0.7% | 1.82% | −0.44 |
| AIRC Apartment Income REIT Co. | Add +1.7% | 8.52% | −0.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $583.4M | AHR, SPG, FR, BXDC, VTR |
| Q1 2026 | 20 | $591.4M | FR, INVH, AHR, NHI, EQIX |
| Q4 2025 | 19 | $601.6M | CSR, FR, AHR, EQIX, VTR |
| Q3 2025 | 22 | $544.9M | AHR, SPG, FR, VTR, FUN |
| Q2 2025 | 21 | $501.1M | AHR, FR, NHI, VTR, AMH |
| Q1 2025 | 20 | $472.6M | NHI, FR, AHR, AMH, EXR |
| Q4 2024 | 20 | $493.6M | AHR, VTR, EQIX, FR, SKT |
| Q3 2024 | 19 | $489.2M | FR, AHR, EQIX, VTR, SKT |
| Q2 2024 | 19 | $424.6M | FR, INVH, SUI, EQIX, NHI |
| Q1 2024 | 18 | $456.7M | EQC, INVH, AIRC, EQIX, SUI |