Land & Buildings Investment Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Land & Buildings Investment Management, LLC reported 20 stock positions worth $493.6 million. Its top holding was American Healthcare REIT (AHR) at 9.0% of the portfolio, followed by Ventas (VTR, 8.3%) and Equinix (EQIX, 7.9%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 9 and reduced 8. The biggest buy was a new position in American Homes 4 Rent- A (AMH) and the biggest sale an exit from Udr (UDR).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $493.6M (Q4 2024)
- SEC Filing
- 0001536520-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 20 stocks · $493.6M
| AHR American Healthcare REIT Inc. | 8.98% | 1,559,204 | $44.3M | Add +2.2% |
| VTR Ventas Inc. | 8.28% | 694,376 | $40.9M | Add +25.9% |
| EQIX Equinix Inc. | 7.92% | 41,472 | $39.1M | Reduce -3.4% |
| FR First Industrial Realty TR | 7.07% | 696,441 | $34.9M | Reduce -15.5% |
| SKT Tanger Inc. | 6.74% | 974,174 | $33.2M | Reduce -7.3% |
| KRG Kite Realty Group Trust | 6.57% | 1,284,162 | $32.4M | Add +0.0% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 6.56% | 467,056 | $32.4M | Add +109.4% |
| AIV Apartment Invt & Mgmt Co. Class A | 5.66% | 3,074,160 | $27.9M | Add +77.2% |
| AMH American Homes 4 Rent- A | 5.59% | 737,850 | $27.6M | New |
| MAR Marriott International Class A | 5.36% | 94,880 | $26.5M | Add +55.9% |
| CBRE CBRE Group Inc. Class A | 5.07% | 190,478 | $25.0M | Reduce -5.3% |
| SPG Simon Property Group Inc. | 4.69% | 134,376 | $23.1M | Add +358.6% |
| OUT Outfront Media Inc. | 4.44% | 1,235,835 | $21.9M | Reduce -19.0% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 3.94% | 158,132 | $19.4M | Reduce -30.6% |
| XHR Xenia Hotels & Resorts Inc. | 3.25% | 1,078,910 | $16.0M | Add +5.1% |
| AMT American Tower Corp. | 2.33% | 62,807 | $11.5M | Reduce -35.2% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 2.31% | 158,729 | $11.4M | New |
| DLR Digital Realty Trust Inc. | 1.97% | 54,870 | $9.7M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.86% | 314,561 | $9.2M | Reduce -68.0% |
| SMRT Smartrent Inc. | 1.41% | 3,990,266 | $7.0M | Add +4.4% |
Portfolio Sells Q3 2024 → Q4 2024
| UDR Udr Inc. | Sold out | 0.00% | −5.88 |
| VICI Vici Properties Inc. | Reduce -68.0% | 1.86% | −4.83 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −3.39 |
| SUI Sun Communities Inc. | Reduce -30.6% | 3.94% | −2.36 |
| FR First Industrial Realty TR | Reduce -15.5% | 7.07% | −2.36 |
| AMT American Tower Corp. | Reduce -35.2% | 2.33% | −2.27 |
| OUT Outfront Media Inc. | Reduce -19.0% | 4.44% | −1.29 |
| SKT Tanger Inc. | Reduce -7.3% | 6.74% | −0.39 |
| CBRE CBRE Group Inc. Class A | Reduce -5.3% | 5.07% | −0.05 |
| EQIX Equinix Inc. | Reduce -3.4% | 7.92% | +0.13 |
Portfolio Buys Q3 2024 → Q4 2024
| AMH American Homes 4 Rent- A | New | 5.59% | +5.59 |
| SPG Simon Property Group Inc. | Add +358.6% | 4.69% | +3.68 |
| NHI Natl Health Investors Inc. | Add +109.4% | 6.56% | +2.72 |
| AIV Apartment Invt & Mgmt Co. Class A | Add +77.2% | 5.66% | +2.45 |
| VMRK Vivmark Residential | New | 2.31% | +2.31 |
| MAR Marriott International Class A | Add +55.9% | 5.36% | +2.27 |
| DLR Digital Realty Trust Inc. | New | 1.97% | +1.97 |
| VTR Ventas Inc. | Add +25.9% | 8.28% | +1.05 |
| AHR American Healthcare REIT Inc. | Add +2.2% | 8.98% | +0.84 |
| XHR Xenia Hotels & Resorts Inc. | Add +5.1% | 3.25% | +0.15 |
| SMRT Smartrent Inc. | Add +4.4% | 1.41% | +0.06 |
| KRG Kite Realty Group Trust | Add +0.0% | 6.57% | −0.40 |
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 |