Land & Buildings Investment Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Land & Buildings Investment Management, LLC reported 20 stock positions worth $591.4 million. Its top holding was First Industrial Realty TR (FR) at 8.5% of the portfolio, followed by Invitation Homes (INVH, 8.3%) and American Healthcare REIT (AHR, 8.1%). Compared with Q4 2025, it opened 4 new positions, sold out of 3, added to 6 and reduced 10. The biggest buy was a new position in Invitation Homes (INVH) and the biggest sale an exit from Centerspace (CSR).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001536520
- Portfolio Value
- $591.4M (Q1 2026)
- SEC Filing
- 0001536520-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 20 stocks · $591.4M
| FR First Industrial Realty TR | 8.45% | 863,925 | $50.0M | Reduce -5.3% |
| INVH Invitation Homes Inc. | 8.26% | 1,966,673 | $48.9M | New |
| AHR American Healthcare REIT Inc. | 8.06% | 1,011,002 | $47.7M | Reduce -4.0% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 8.03% | 587,247 | $47.5M | Add +42.1% |
| EQIX Equinix Inc. | 7.83% | 47,263 | $46.3M | Reduce -18.4% |
| SPG Simon Property Group Inc. | 6.86% | 217,466 | $40.6M | Add +29.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 5.87% | 275,705 | $34.7M | Reduce -3.4% |
| VTR Ventas Inc. | 5.08% | 367,407 | $30.0M | Reduce -27.3% |
| SKT Tanger Inc. | 4.59% | 798,915 | $27.1M | Reduce -3.4% |
| RHP Ryman Hospitality Properties | 4.50% | 288,277 | $26.6M | Add +41.6% |
| CBRE CBRE Group Inc. Class A | 4.24% | 185,225 | $25.1M | Add +45.3% |
| CURB Curbline Properties Corp. | 3.95% | 905,072 | $23.3M | Add +316.2% |
| OUT Outfront Media Inc. | 3.83% | 854,194 | $22.6M | Reduce -31.2% |
| PLD Prologis Inc. | 3.77% | 168,836 | $22.3M | Add +26.3% |
| DLR Digital Realty Trust Inc. | 3.48% | 114,066 | $20.6M | New |
| GLPI Gaming and Leisure Propertie | 3.34% | 444,623 | $19.7M | Reduce -22.0% |
| MAR Marriott International Class A | 3.31% | 59,766 | $19.5M | Reduce -6.1% |
| LAMR Lamar Advertising Co. Class A | 2.87% | 134,056 | $17.0M | New |
| FUN Six Flags Entertainment Corp. | 1.93% | 642,336 | $11.4M | Reduce -63.1% |
| SBAC SBA Communications Corp. | 1.75% | 60,094 | $10.3M | New |
Portfolio Sells Q4 2025 → Q1 2026
| CSR Centerspace | Sold out | 0.00% | −9.19 |
| NSA National Storage Affiliates | Sold out | 0.00% | −6.16 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −5.76 |
| FUN Six Flags Entertainment Corp. | Reduce -63.1% | 1.93% | −2.52 |
| VTR Ventas Inc. | Reduce -27.3% | 5.08% | −1.42 |
| OUT Outfront Media Inc. | Reduce -31.2% | 3.83% | −1.15 |
| GLPI Gaming and Leisure Propertie | Reduce -22.0% | 3.34% | −0.90 |
| FR First Industrial Realty TR | Reduce -5.3% | 8.45% | −0.24 |
| AHR American Healthcare REIT Inc. | Reduce -4.0% | 8.06% | −0.18 |
| SUI Sun Communities Inc. | Reduce -3.4% | 5.87% | −0.01 |
| SKT Tanger Inc. | Reduce -3.4% | 4.59% | +0.00 |
| MAR Marriott International Class A | Reduce -6.1% | 3.31% | +0.02 |
| EQIX Equinix Inc. | Reduce -18.4% | 7.83% | +0.46 |
Portfolio Buys Q4 2025 → Q1 2026
| INVH Invitation Homes Inc. | New | 8.26% | +8.26 |
| DLR Digital Realty Trust Inc. | New | 3.48% | +3.48 |
| CURB Curbline Properties Corp. | Add +316.2% | 3.95% | +3.11 |
| LAMR Lamar Advertising Co. Class A | New | 2.87% | +2.87 |
| NHI Natl Health Investors Inc. | Add +42.1% | 8.03% | +2.79 |
| SBAC SBA Communications Corp. | New | 1.75% | +1.75 |
| SPG Simon Property Group Inc. | Add +29.8% | 6.86% | +1.71 |
| RHP Ryman Hospitality Properties | Add +41.6% | 4.50% | +1.30 |
| PLD Prologis Inc. | Add +26.3% | 3.77% | +0.94 |
| CBRE CBRE Group Inc. Class A | Add +45.3% | 4.24% | +0.83 |
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 |