Land & Buildings Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Land & Buildings Investment Management, LLC reported 21 stock positions worth $501.1 million. Its top holding was American Healthcare REIT (AHR) at 7.9% of the portfolio, followed by First Industrial Realty TR (FR, 7.4%) and Natl Health Investors (NHI, 6.4%). Compared with Q1 2025, it opened 5 new positions, sold out of 4, added to 9 and reduced 6. The biggest buy was a new position in Gaming and Leisure Propertie (GLPI) and the biggest sale an exit from Apartment Invt & Mgmt Class A (AIV).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $501.1M (Q2 2025)
- SEC Filing
- 0001536520-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 21 stocks · $501.1M
| AHR American Healthcare REIT Inc. | 7.91% | 1,079,153 | $39.6M | Reduce -5.9% |
| FR First Industrial Realty TR | 7.36% | 765,911 | $36.9M | Add +18.9% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 6.44% | 459,966 | $32.3M | Reduce -21.6% |
| VTR Ventas Inc. | 6.17% | 489,415 | $30.9M | Add +12.8% |
| AMH American Homes 4 Rent- A | 5.69% | 789,900 | $28.5M | Reduce -10.3% |
| EQIX Equinix Inc. | 5.65% | 35,582 | $28.3M | Add +21.5% |
| MAR Marriott International Class A | 5.64% | 103,505 | $28.3M | Add +13.5% |
| EXR Extra Space Storage Inc. | 5.31% | 180,402 | $26.6M | Reduce -12.8% |
| GLPI Gaming and Leisure Propertie | 5.04% | 540,520 | $25.2M | New |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 4.89% | 193,747 | $24.5M | Add +5.7% |
| OUT Outfront Media Inc. | 4.67% | 1,434,776 | $23.4M | Add +38.4% |
| SPG Simon Property Group Inc. | 4.62% | 144,045 | $23.2M | Add +14.2% |
| CBRE CBRE Group Inc. Class A | 4.61% | 164,947 | $23.1M | Add +29.3% |
| SKT Tanger Inc. | 4.49% | 736,441 | $22.5M | Add +21.1% |
| REXR Rexford Industrial Realty Inc. | 3.98% | 561,113 | $20.0M | New |
| CSR Centerspace | 3.67% | 305,166 | $18.4M | New |
| KRG Kite Realty Group Trust | 3.65% | 806,852 | $18.3M | No change |
| DHI D.R. Horton Inc. | 3.58% | 139,159 | $17.9M | New |
| AMT American Tower Corp. | 3.46% | 78,538 | $17.4M | Reduce -8.0% |
| RHP Ryman Hospitality Properties | 2.02% | 102,347 | $10.1M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.15% | 85,707 | $5.8M | Reduce -78.0% |
Portfolio Sells Q1 2025 → Q2 2025
| AIV Apartment Invt & Mgmt Co. Class A | Sold out | 0.00% | −5.85 |
| VMRK Vivmark Residential | Reduce -78.0% | 1.15% | −4.74 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −3.22 |
| NHI Natl Health Investors Inc. | Reduce -21.6% | 6.44% | −2.74 |
| ELME Elme Communities | Sold out | 0.00% | −2.01 |
| AMH American Homes 4 Rent- A | Reduce -10.3% | 5.69% | −1.36 |
| EXR Extra Space Storage Inc. | Reduce -12.8% | 5.31% | −1.19 |
| SMRT Smartrent Inc. | Sold out | 0.00% | −1.04 |
| AMT American Tower Corp. | Reduce -8.0% | 3.46% | −0.47 |
| AHR American Healthcare REIT Inc. | Reduce -5.9% | 7.91% | +0.56 |
Portfolio Buys Q1 2025 → Q2 2025
| GLPI Gaming and Leisure Propertie | New | 5.04% | +5.04 |
| REXR Rexford Industrial Realty Inc. | New | 3.98% | +3.98 |
| CSR Centerspace | New | 3.67% | +3.67 |
| DHI D.R. Horton Inc. | New | 3.58% | +3.58 |
| RHP Ryman Hospitality Properties | New | 2.02% | +2.02 |
| OUT Outfront Media Inc. | Add +38.4% | 4.67% | +1.13 |
| CBRE CBRE Group Inc. Class A | Add +29.3% | 4.61% | +1.08 |
| MAR Marriott International Class A | Add +13.5% | 5.64% | +1.05 |
| EQIX Equinix Inc. | Add +21.5% | 5.65% | +0.60 |
| SPG Simon Property Group Inc. | Add +14.2% | 4.62% | +0.19 |
| SKT Tanger Inc. | Add +21.1% | 4.49% | +0.14 |
| FR First Industrial Realty TR | Add +18.9% | 7.36% | +0.00 |
| SUI Sun Communities Inc. | Add +5.7% | 4.89% | −0.10 |
| VTR Ventas Inc. | Add +12.8% | 6.17% | −0.15 |
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 |