Land & Buildings Investment Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Land & Buildings Investment Management, LLC reported 19 stock positions worth $489.2 million. Its top holding was First Industrial Realty TR (FR) at 9.4% of the portfolio, followed by American Healthcare REIT (AHR, 8.1%) and Equinix (EQIX, 7.8%). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 6 and reduced 8. The biggest buy was a new position in Udr (UDR) and the biggest sale an exit from Equity Commonwealth (EQC).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $489.2M (Q3 2024)
- SEC Filing
- 0002023551-24-000004 ↗ filed Nov 14, 2024
Holdings Value
Holdings 19 stocks · $489.2M
| FR First Industrial Realty TR | 9.43% | 823,962 | $46.1M | Add +1.9% |
| AHR American Healthcare REIT Inc. | 8.14% | 1,525,015 | $39.8M | Reduce -15.2% |
| EQIX Equinix Inc. | 7.79% | 42,922 | $38.1M | Add +5.9% |
| VTR Ventas Inc. | 7.23% | 551,696 | $35.4M | Add +48.1% |
| SKT Tanger Inc. | 7.13% | 1,051,064 | $34.9M | Add +0.8% |
| KRG Kite Realty Group Trust | 6.97% | 1,283,832 | $34.1M | Add +29.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 6.69% | 982,302 | $32.7M | Add +53.6% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 6.30% | 227,942 | $30.8M | Reduce -11.7% |
| UDR Udr Inc. | 5.88% | 634,225 | $28.8M | New |
| OUT Outfront Media Inc. | 5.73% | 1,525,045 | $28.0M | Reduce -4.0% |
| CBRE CBRE Group Inc. Class A | 5.12% | 201,023 | $25.0M | Reduce -27.1% |
| AMT American Tower Corp. | 4.61% | 96,937 | $22.5M | New |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 3.83% | 223,057 | $18.8M | Reduce -46.6% |
| INVH Invitation Homes Inc. | 3.39% | 470,972 | $16.6M | Reduce -52.2% |
| AIV Apartment Invt & Mgmt Co. Class A | 3.21% | 1,735,239 | $15.7M | New |
| XHR Xenia Hotels & Resorts Inc. | 3.10% | 1,026,410 | $15.2M | New |
| MAR Marriott International Class A | 3.09% | 60,860 | $15.1M | New |
| SMRT Smartrent Inc. | 1.35% | 3,822,438 | $6.6M | Reduce -32.5% |
| SPG Simon Property Group Inc. | 1.01% | 29,300 | $5.0M | Reduce -64.3% |
Portfolio Sells Q2 2024 → Q3 2024
| EQC Equity Commonwealth | Sold out | 0.00% | −5.23 |
| INVH Invitation Homes Inc. | Reduce -52.2% | 3.39% | −4.94 |
| RHP Ryman Hospitality Properties | Sold out | 0.00% | −4.64 |
| VMRK Vivmark Residential | Sold out | 0.00% | −4.32 |
| NHI Natl Health Investors Inc. | Reduce -46.6% | 3.83% | −2.83 |
| SPG Simon Property Group Inc. | Reduce -64.3% | 1.01% | −1.92 |
| SMRT Smartrent Inc. | Reduce -32.5% | 1.35% | −1.83 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −1.79 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −1.29 |
| SUI Sun Communities Inc. | Reduce -11.7% | 6.30% | −1.02 |
| CBRE CBRE Group Inc. Class A | Reduce -27.1% | 5.12% | −0.67 |
| OUT Outfront Media Inc. | Reduce -4.0% | 5.73% | +0.38 |
| AHR American Healthcare REIT Inc. | Reduce -15.2% | 8.14% | +1.95 |
Portfolio Buys Q2 2024 → Q3 2024
| UDR Udr Inc. | New | 5.88% | +5.88 |
| AMT American Tower Corp. | New | 4.61% | +4.61 |
| AIV Apartment Invt & Mgmt Co. Class A | New | 3.21% | +3.21 |
| XHR Xenia Hotels & Resorts Inc. | New | 3.10% | +3.10 |
| MAR Marriott International Class A | New | 3.09% | +3.09 |
| VTR Ventas Inc. | Add +48.1% | 7.23% | +2.74 |
| VICI Vici Properties Inc. | Add +53.6% | 6.69% | +2.38 |
| KRG Kite Realty Group Trust | Add +29.0% | 6.97% | +1.72 |
| EQIX Equinix Inc. | Add +5.9% | 7.79% | +0.57 |
| SKT Tanger Inc. | Add +0.8% | 7.13% | +0.47 |
| FR First Industrial Realty TR | Add +1.9% | 9.43% | +0.39 |
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 |