Waterfront Capital Partners, LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Waterfront Capital Partners, LLC reported 20 stock positions worth $152.8 million . Its top holding was Iron Mountain (IRM) at 7.7% of the portfolio, followed by Welltower (WELL, 6.1% ) and Regency Centers (REG, 6.1% ). Compared with Q2 2025, it opened 6 new positions, sold out of 17 and reduced 14. The biggest buy was a new position in Rexford Industrial Realty (REXR) and the biggest sale an exit from Essex Property Trust (ESS).
Location NEW YORK, NY
CIK 0001595077
Portfolio Value $152.8M (Q3 2025) Holdings 20 stocks · $152.8M 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 Q2 2025 IRM Iron Mountain Inc. filed as IRON MTN INC DEL 115,286 $11.8M Reduce -45.2% WELL Welltower Inc. 52,551 $9.4M Reduce -52.5% REG Regency Centers Corp. 127,000 $9.3M Reduce -38.3% DLR Digital Realty Trust Inc. 53,000 $9.2M Reduce -59.9% REXR Rexford Industrial Realty Inc. 221,828 $9.1M New CUBE Cubesmart 223,418 $9.1M Reduce -39.3% SLG SL Green Realty Corp. 149,903 $9.0M Reduce -47.3% AVB Avalonbay Communities Inc. 45,257 $8.7M Reduce -53.0% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 225,812 $8.7M Reduce -37.0% SKT Tanger Inc. 242,000 $8.2M Reduce -55.1% ARE Alexandria Real Estate Equit 97,330 $8.1M New VTR Ventas Inc. 114,104 $8.0M New WPC WP Carey Inc. 114,000 $7.7M Reduce -41.8% AHR American Healthcare REIT Inc. 179,650 $7.5M Reduce -60.0% CTRE Caretrust REIT Inc. 203,845 $7.1M Reduce -57.2% BKD Brookdale Senior Living Inc. 832,000 $7.0M Reduce -67.8% STAG Stag Industrial Inc. 147,880 $5.2M Reduce -62.6% CPT Camden Property Trust 43,764 $4.7M New FR First Industrial Realty TR 66,973 $3.4M New CUZ Cousins Properties Inc. 57,000 $1.6M New
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ ESS Essex Property Trust Inc. Sold out 0.00% −5.48 NTST Netstreit Corp. Sold out 0.00% −4.21 CBRE CBRE Group Inc. Class A Sold out 0.00% −4.06 IRT Independence Realty Trust Inc. Sold out 0.00% −3.52 HIW Highwoods Properties Inc. Sold out 0.00% −3.22 RHP Ryman Hospitality Properties Sold out 0.00% −3.19 AMH American Homes 4 Rent- A Sold out 0.00% −2.76 SHO Sunstone Hotel Investors Inc. Sold out 0.00% −2.40 INVH Invitation Homes Inc. Sold out 0.00% −2.39 SUI Sun Communities Inc. Sold out 0.00% −2.23 ESRT Empire State Realty Trust-A Sold out 0.00% −1.97 COLD Americold Realty Trust Inc. Sold out 0.00% −1.60 SMA Smartstop Self Storage REIT Sold out 0.00% −1.53 HUDSON PAC PPTYS INC Sold out 0.00% −1.26 AMT American Tower Corp. Sold out 0.00% −1.10 VNO Vornado Realty Trust Sold out 0.00% −0.95 KRC Kilroy Realty Corp. Sold out 0.00% −0.43 STAG Stag Industrial Inc. Reduce -62.6% 3.41% −0.15 BKD Brookdale Senior Living Inc. Reduce -67.8% 4.61% +0.14 DLR Digital Realty Trust Inc. Reduce -59.9% 6.00% +0.28 AHR American Healthcare REIT Inc. Reduce -60.0% 4.94% +0.83 AVB Avalonbay Communities Inc. Reduce -53.0% 5.72% +0.86 CTRE Caretrust REIT Inc. Reduce -57.2% 4.63% +1.01 SKT Tanger Inc. Reduce -55.1% 5.36% +1.26 SLG SL Green Realty Corp. Reduce -47.3% 5.87% +1.49 WELL Welltower Inc. Reduce -52.5% 6.13% +1.90 WPC WP Carey Inc. Reduce -41.8% 5.04% +2.00 CUBE Cubesmart Reduce -39.3% 5.94% +2.05 IRM Iron Mountain Inc. Reduce -45.2% 7.69% +2.33 REG Regency Centers Corp. Reduce -38.3% 6.06% +2.42 GDS GDS Holdings Ltd. - ADR Reduce -37.0% 5.72% +3.00
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ REXR Rexford Industrial Realty Inc. New 5.97% +5.97 ARE Alexandria Real Estate Equit New 5.31% +5.31 VTR Ventas Inc. New 5.23% +5.23 CPT Camden Property Trust New 3.06% +3.06 FR First Industrial Realty TR New 2.26% +2.26 CUZ Cousins Properties Inc. New 1.08% +1.08
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ VNO Vornado Realty Trust put Sold out 150,000 $5.7Mbefore 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