Waterfront Capital Partners, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Waterfront Capital Partners, LLC reported 31 stock positions worth $402.5 million . Its top holding was Digital Realty Trust (DLR) at 5.7% of the portfolio, followed by Essex Property Trust (ESS, 5.5% ) and Iron Mountain (IRM, 5.4% ). Compared with Q1 2025, it opened 10 new positions, sold out of 13, added to 7 and reduced 14. The biggest buy was a new position in Digital Realty Trust (DLR) and the biggest sale an exit from Ventas (VTR).
Location NEW YORK, NY
CIK 0001595077
Portfolio Value $402.5M (Q2 2025) Holdings 31 stocks · $402.5M 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 Q1 2025 DLR Digital Realty Trust Inc. 132,063 $23.0M New ESS Essex Property Trust Inc. 77,888 $22.1M New IRM Iron Mountain Inc. filed as IRON MTN INC DEL 210,473 $21.6M Reduce -35.3% AVB Avalonbay Communities Inc. 96,184 $19.6M Add +102.5% BKD Brookdale Senior Living Inc. 2,587,438 $18.0M Reduce -15.6% SLG SL Green Realty Corp. 284,343 $17.6M Reduce -39.4% WELL Welltower Inc. 110,736 $17.0M Reduce -11.4% NTST Netstreit Corp. 1,000,420 $16.9M Add +91.2% AHR American Healthcare REIT Inc. 449,619 $16.5M Reduce -42.6% SKT Tanger Inc. 539,562 $16.5M Reduce -0.6% CBRE CBRE Group Inc. Class A 116,761 $16.4M Reduce -46.8% CUBE Cubesmart 368,335 $15.7M Add +103.9% REG Regency Centers Corp. 205,814 $14.7M Reduce -14.0% CTRE Caretrust REIT Inc. 475,992 $14.6M Add +111.1% STAG Stag Industrial Inc. 395,703 $14.4M New IRT Independence Realty Trust Inc. 800,837 $14.2M Reduce -38.2% HIW Highwoods Properties Inc. 416,318 $12.9M New RHP Ryman Hospitality Properties 129,935 $12.8M Add +35.7% WPC WP Carey Inc. 196,015 $12.2M Reduce -27.6% AMH American Homes 4 Rent- A 307,559 $11.1M Reduce -63.5% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 358,221 $11.0M Add +377.6% SHO Sunstone Hotel Investors Inc. 1,113,896 $9.7M New INVH Invitation Homes Inc. 293,677 $9.6M Reduce -32.5% SUI Sun Communities Inc. filed as SUN CMNTYS INC 70,888 $9.0M New ESRT Empire State Realty Trust-A 981,000 $7.9M New COLD Americold Realty Trust Inc. 387,513 $6.4M Add +40.9% SMA Smartstop Self Storage REIT 170,000 $6.2M New HUDSON PAC PPTYS INC 1,850,000 $5.1M New AMT American Tower Corp. 20,000 $4.4M Reduce -85.7% VNO Vornado Realty Trust 100,030 $3.8M Reduce -87.0% KRC Kilroy Realty Corp. 50,249 $1.7M New
Options reported separately and not counted above: VNO puts ($5.7M).
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ VTR Ventas Inc. Sold out 0.00% −4.88 CPT Camden Property Trust Sold out 0.00% −4.87 CUZ Cousins Properties Inc. Sold out 0.00% −4.54 AMT American Tower Corp. Reduce -85.7% 1.10% −4.11 EGP Eastgroup Properties Inc. Sold out 0.00% −3.99 VNO Vornado Realty Trust Reduce -87.0% 0.95% −3.90 FR First Industrial Realty TR Sold out 0.00% −2.91 PSA Public Storage Sold out 0.00% −2.87 AMH American Homes 4 Rent- A Reduce -63.5% 2.76% −2.69 EQIX Equinix Inc. Sold out 0.00% −2.15 KIM Kimco Realty Corp. Sold out 0.00% −1.88 EPRT Essential Properties Realty Sold out 0.00% −1.76 CSGP Costar Group Inc. Sold out 0.00% −1.70 IRT Independence Realty Trust Inc. Reduce -38.2% 3.52% −1.19 VICI Vici Properties Inc. Sold out 0.00% −1.12 ELS Equity Lifestyle Properties Sold out 0.00% −1.08 STWD Starwood Property Trust Inc. Sold out 0.00% −0.96 CBRE CBRE Group Inc. Class A Reduce -46.8% 4.06% −0.85 SLG SL Green Realty Corp. Reduce -39.4% 4.37% −0.26 INVH Invitation Homes Inc. Reduce -32.5% 2.39% −0.20 AHR American Healthcare REIT Inc. Reduce -42.6% 4.10% +0.04 WPC WP Carey Inc. Reduce -27.6% 3.04% +0.11 IRM Iron Mountain Inc. Reduce -35.3% 5.36% +0.57 REG Regency Centers Corp. Reduce -14.0% 3.64% +0.62 WELL Welltower Inc. Reduce -11.4% 4.23% +0.95 SKT Tanger Inc. Reduce -0.6% 4.10% +0.96 BKD Brookdale Senior Living Inc. Reduce -15.6% 4.47% +1.19
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ DLR Digital Realty Trust Inc. New 5.72% +5.72 ESS Essex Property Trust Inc. New 5.48% +5.48 STAG Stag Industrial Inc. New 3.57% +3.57 HIW Highwoods Properties Inc. New 3.22% +3.22 AVB Avalonbay Communities Inc. Add +102.5% 4.86% +3.12 NTST Netstreit Corp. Add +91.2% 4.21% +2.79 CUBE Cubesmart Add +103.9% 3.89% +2.57 CTRE Caretrust REIT Inc. Add +111.1% 3.62% +2.52 SHO Sunstone Hotel Investors Inc. New 2.40% +2.40 GDS GDS Holdings Ltd. - ADR Add +377.6% 2.72% +2.40 SUI Sun Communities Inc. New 2.23% +2.23 ESRT Empire State Realty Trust-A New 1.97% +1.97 RHP Ryman Hospitality Properties Add +35.7% 3.19% +1.69 SMA Smartstop Self Storage REIT New 1.53% +1.53 HUDSON PAC PPTYS INC New 1.26% +1.26 COLD Americold Realty Trust Inc. Add +40.9% 1.60% +0.59 KRC Kilroy Realty Corp. New 0.43% +0.43
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ VNO Vornado Realty Trust put New 150,000 $5.7M
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