Waterfront Capital Partners, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Waterfront Capital Partners, LLC reported 34 stock positions worth $584.1 million . Its top holding was American Homes 4 Rent- A (AMH) at 5.5% of the portfolio, followed by American Tower (AMT, 5.2% ) and CBRE Class A (CBRE, 4.9% ). Compared with Q4 2024, it opened 18 new positions, sold out of 15, added to 9 and reduced 7. The biggest buy was a new position in American Homes 4 Rent- A (AMH) and the biggest sale an exit from Digital Realty Trust (DLR).
Location NEW YORK, NY
CIK 0001595077
Portfolio Value $584.1M (Q1 2025) Holdings 34 stocks · $584.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 AMH American Homes 4 Rent- A 841,987 $31.8M New AMT American Tower Corp. 139,752 $30.4M New CBRE CBRE Group Inc. Class A 219,363 $28.7M Add +3.1% VTR Ventas Inc. 414,157 $28.5M Add +3.1% CPT Camden Property Trust 232,564 $28.4M Add +21.0% VNO Vornado Realty Trust 766,651 $28.4M Add +35.5% IRM Iron Mountain Inc. filed as IRON MTN INC DEL 325,120 $28.0M Add +36.7% IRT Independence Realty Trust Inc. 1,295,429 $27.5M New SLG SL Green Realty Corp. 469,109 $27.1M New CUZ Cousins Properties Inc. 897,957 $26.5M Reduce -5.0% AHR American Healthcare REIT Inc. 783,605 $23.7M Add +47.8% EGP Eastgroup Properties Inc. 132,341 $23.3M New BKD Brookdale Senior Living Inc. 3,066,217 $19.2M Add +1413.3% WELL Welltower Inc. 125,000 $19.2M New SKT Tanger Inc. 543,064 $18.4M New REG Regency Centers Corp. 239,263 $17.6M Reduce -31.4% WPC WP Carey Inc. 270,772 $17.1M New FR First Industrial Realty TR 315,125 $17.0M Add +8.0% PSA Public Storage 56,007 $16.8M New INVH Invitation Homes Inc. 435,000 $15.2M New EQIX Equinix Inc. 15,401 $12.6M Reduce -44.2% KIM Kimco Realty Corp. 518,000 $11.0M New EPRT Essential Properties Realty 315,000 $10.3M New AVB Avalonbay Communities Inc. 47,500 $10.2M Reduce -54.2% CSGP Costar Group Inc. 125,000 $9.9M New RHP Ryman Hospitality Properties 95,736 $8.8M Reduce -52.4% NTST Netstreit Corp. 523,240 $8.3M New CUBE Cubesmart 180,669 $7.7M Add +94.5% VICI Vici Properties Inc. filed as VICI PPTYS INC 200,000 $6.5M New CTRE Caretrust REIT Inc. 225,500 $6.4M New ELS Equity Lifestyle Properties 95,000 $6.3M New COLD Americold Realty Trust Inc. 275,000 $5.9M New STWD Starwood Property Trust Inc. 283,137 $5.6M Reduce -55.3% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 75,000 $1.9M Reduce -92.3%
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ DLR Digital Realty Trust Inc. Sold out 0.00% −5.17 UDR Udr Inc. Sold out 0.00% −5.00 SPG Simon Property Group Inc. Sold out 0.00% −4.65 CDP Copt Defense Properties Sold out 0.00% −4.10 GDS GDS Holdings Ltd. - ADR Reduce -92.3% 0.33% −3.98 OHI Omega Healthcare Investors Sold out 0.00% −3.90 ADC Agree Realty Corp. Sold out 0.00% −3.34 EQIX Equinix Inc. Reduce -44.2% 2.15% −2.71 AVB Avalonbay Communities Inc. Reduce -54.2% 1.75% −2.51 RHP Ryman Hospitality Properties Reduce -52.4% 1.50% −2.42 MAC The Macerich Co. Sold out 0.00% −2.30 HST Host Hotels & Resorts Inc. Sold out 0.00% −2.29 KRC Kilroy Realty Corp. Sold out 0.00% −2.17 NNN NNN REIT Inc. Sold out 0.00% −2.14 ESRT Empire State Realty Trust-A Sold out 0.00% −2.06 REG Regency Centers Corp. Reduce -31.4% 3.02% −1.79 VMRK Vivmark Residential Sold out 0.00% −1.41 STWD Starwood Property Trust Inc. Reduce -55.3% 0.96% −1.28 O Realty Income Corp. Sold out 0.00% −1.11 CUZ Cousins Properties Inc. Reduce -5.0% 4.54% −0.87 TRNO Terreno Realty Corp. Sold out 0.00% −0.73 SHO Sunstone Hotel Investors Inc. Sold out 0.00% −0.41
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ AMH American Homes 4 Rent- A New 5.45% +5.45 AMT American Tower Corp. New 5.21% +5.21 IRT Independence Realty Trust Inc. New 4.71% +4.71 SLG SL Green Realty Corp. New 4.63% +4.63 EGP Eastgroup Properties Inc. New 3.99% +3.99 WELL Welltower Inc. New 3.28% +3.28 SKT Tanger Inc. New 3.14% +3.14 BKD Brookdale Senior Living Inc. Add +1413.3% 3.29% +3.10 WPC WP Carey Inc. New 2.93% +2.93 PSA Public Storage New 2.87% +2.87 INVH Invitation Homes Inc. New 2.60% +2.60 KIM Kimco Realty Corp. New 1.88% +1.88 EPRT Essential Properties Realty New 1.76% +1.76 CSGP Costar Group Inc. New 1.70% +1.70 NTST Netstreit Corp. New 1.42% +1.42 AHR American Healthcare REIT Inc. Add +47.8% 4.07% +1.25 VICI Vici Properties Inc. New 1.12% +1.12 CTRE Caretrust REIT Inc. New 1.10% +1.10 ELS Equity Lifestyle Properties New 1.08% +1.08 COLD Americold Realty Trust Inc. New 1.01% +1.01 CPT Camden Property Trust Add +21.0% 4.87% +0.70 CUBE Cubesmart Add +94.5% 1.32% +0.58 VTR Ventas Inc. Add +3.1% 4.88% +0.46 VNO Vornado Realty Trust Add +35.5% 4.86% +0.41 FR First Industrial Realty TR Add +8.0% 2.91% +0.18 IRM Iron Mountain Inc. Add +36.7% 4.79% +0.12 CBRE CBRE Group Inc. Class A Add +3.1% 4.91% −0.31
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ IYR iShares US Real Estate ETF call Sold out 100,000 $9.3Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 0 $0 Q1 2026 0 $0 Q4 2025 0 $0 Q3 2025 20 $152.8M IRM, WELL, REG, DLR, REXR Q2 2025 31 $402.5M DLR, ESS, IRM, AVB, BKD Q1 2025 34 $584.1M AMH, AMT, CBRE, VTR, CPT Q4 2024 31 $535.2M CUZ, CBRE, DLR, UDR, EQIX Q3 2024 33 $544.1M EQIX, DLR, REG, IRT, VTR Q2 2024 29 $778.7M DLR, UDR, EGP, STAG, IRT Q1 2024 37 $1.1B VMRK, EQIX, INVH, STAG, SKT