Land & Buildings Investment Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Land & Buildings Investment Management, LLC reported 22 stock positions worth $544.9 million. Its top holding was American Healthcare REIT (AHR) at 8.9% of the portfolio, followed by Simon Property (SPG, 7.1%) and First Industrial Realty TR (FR, 6.7%). Compared with Q2 2025, it opened 6 new positions, sold out of 5, added to 8 and reduced 8. The biggest buy was a new position in Six Flags Entertainment (FUN) and the biggest sale an exit from Rexford Industrial Realty (REXR).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $544.9M (Q3 2025)
- SEC Filing
- 0001536520-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 22 stocks · $544.9M
| AHR American Healthcare REIT Inc. | 8.88% | 1,151,953 | $48.4M | Add +6.8% |
| SPG Simon Property Group Inc. | 7.10% | 206,225 | $38.7M | Add +43.2% |
| FR First Industrial Realty TR | 6.71% | 710,521 | $36.6M | Reduce -7.2% |
| VTR Ventas Inc. | 6.71% | 522,115 | $36.5M | Add +6.7% |
| FUN Six Flags Entertainment Corp. | 6.61% | 1,585,580 | $36.0M | New |
| CSR Centerspace | 6.48% | 599,252 | $35.3M | Add +96.4% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 6.36% | 435,866 | $34.7M | Reduce -5.2% |
| AMH American Homes 4 Rent- A | 5.99% | 980,985 | $32.6M | Add +24.2% |
| SKT Tanger Inc. | 5.60% | 902,401 | $30.5M | Add +22.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 5.56% | 234,797 | $30.3M | Add +21.2% |
| EQIX Equinix Inc. | 4.58% | 31,865 | $25.0M | Reduce -10.4% |
| PLD Prologis Inc. | 4.41% | 209,960 | $24.0M | New |
| CBRE CBRE Group Inc. Class A | 4.12% | 142,339 | $22.4M | Reduce -13.7% |
| GLPI Gaming and Leisure Propertie | 3.78% | 441,882 | $20.6M | Reduce -18.3% |
| EXR Extra Space Storage Inc. | 3.56% | 137,562 | $19.4M | Reduce -23.8% |
| MAR Marriott International Class A | 3.54% | 74,077 | $19.3M | Reduce -28.4% |
| OUT Outfront Media Inc. | 3.20% | 951,148 | $17.4M | Reduce -33.7% |
| CCI Crown Castle Inc. | 2.30% | 129,800 | $12.5M | New |
| RHP Ryman Hospitality Properties | 1.76% | 106,776 | $9.6M | Add +4.3% |
| ESRT Empire State Realty Trust-A | 1.43% | 1,014,676 | $7.8M | New |
| AVB Avalonbay Communities Inc. | 0.68% | 19,248 | $3.7M | New |
| UDR Udr Inc. | 0.66% | 95,892 | $3.6M | New |
Portfolio Sells Q2 2025 → Q3 2025
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −3.98 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −3.65 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −3.58 |
| AMT American Tower Corp. | Sold out | 0.00% | −3.46 |
| MAR Marriott International Class A | Reduce -28.4% | 3.54% | −2.10 |
| EXR Extra Space Storage Inc. | Reduce -23.8% | 3.56% | −1.75 |
| OUT Outfront Media Inc. | Reduce -33.7% | 3.20% | −1.48 |
| GLPI Gaming and Leisure Propertie | Reduce -18.3% | 3.78% | −1.26 |
| VMRK Vivmark Residential | Sold out | 0.00% | −1.15 |
| EQIX Equinix Inc. | Reduce -10.4% | 4.58% | −1.07 |
| FR First Industrial Realty TR | Reduce -7.2% | 6.71% | −0.65 |
| CBRE CBRE Group Inc. Class A | Reduce -13.7% | 4.12% | −0.50 |
| NHI Natl Health Investors Inc. | Reduce -5.2% | 6.36% | −0.08 |
Portfolio Buys Q2 2025 → Q3 2025
| FUN Six Flags Entertainment Corp. | New | 6.61% | +6.61 |
| PLD Prologis Inc. | New | 4.41% | +4.41 |
| CSR Centerspace | Add +96.4% | 6.48% | +2.81 |
| SPG Simon Property Group Inc. | Add +43.2% | 7.10% | +2.48 |
| CCI Crown Castle Inc. | New | 2.30% | +2.30 |
| ESRT Empire State Realty Trust-A | New | 1.43% | +1.43 |
| SKT Tanger Inc. | Add +22.5% | 5.60% | +1.11 |
| AHR American Healthcare REIT Inc. | Add +6.8% | 8.88% | +0.97 |
| AVB Avalonbay Communities Inc. | New | 0.68% | +0.68 |
| SUI Sun Communities Inc. | Add +21.2% | 5.56% | +0.67 |
| UDR Udr Inc. | New | 0.66% | +0.66 |
| VTR Ventas Inc. | Add +6.7% | 6.71% | +0.54 |
| AMH American Homes 4 Rent- A | Add +24.2% | 5.99% | +0.30 |
| RHP Ryman Hospitality Properties | Add +4.3% | 1.76% | −0.26 |
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 |