Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| STAR | Sell | ISTAR INC | $15,597,000 | -21.7% | 1,239,843 | -17.1% | 8.44% | +20.7% |
| PEI | Sell | PENNSYLVANIA RL ESTATE INVTsh ben int | $12,329,000 | -31.3% | 621,725 | -26.1% | 6.67% | +5.9% |
| GEO | New | GEO GROUP INC NEW | $11,173,000 | – | 375,673 | – | 6.05% | – |
| GGP | Buy | GENERAL GROWTH PPTYS INC NEW | $11,123,000 | +14.6% | 428,305 | +13.2% | 6.02% | +76.6% |
| BLD | New | TOPBUILD CORP | $8,248,000 | – | 266,338 | – | 4.46% | – |
| SLG | New | SL GREEN RLTY CORP | $7,789,000 | – | 72,018 | – | 4.22% | – |
| AMH | Sell | AMERICAN HOMES 4 RENTcl a | $7,783,000 | -49.0% | 484,008 | -49.2% | 4.21% | -21.4% |
| FCEA | Sell | FOREST CITY ENTERPRISES INCcl a | $7,508,000 | -46.4% | 372,957 | -41.1% | 4.06% | -17.3% |
| ESS | New | ESSEX PPTY TR INC | $7,479,000 | – | 33,477 | – | 4.05% | – |
| DRI | Buy | DARDEN RESTAURANTS INC | $7,235,000 | +4.9% | 105,552 | +8.7% | 3.92% | +61.6% |
| SBAC | Buy | SBA COMMUNICATIONS CORP | $6,891,000 | +67.3% | 65,793 | +83.6% | 3.73% | +157.8% |
| PSA | New | PUBLIC STORAGE | $6,801,000 | – | 32,136 | – | 3.68% | – |
| CUBE | New | CUBESMART | $6,241,000 | – | 229,356 | – | 3.38% | – |
| HOT | New | STARWOOD HOTELS&RESORTS WRLD | $6,229,000 | – | 93,694 | – | 3.37% | – |
| EQR | Sell | EQUITY RESIDENTIALsh ben int | $5,751,000 | -40.3% | 76,551 | -44.3% | 3.11% | -8.0% |
| A104PS | Sell | HILTON WORLDWIDE HLDGS INC | $5,712,000 | -31.2% | 248,977 | -17.4% | 3.09% | +6.0% |
| BXP | New | BOSTON PROPERTIES INC | $5,592,000 | – | 47,229 | – | 3.03% | – |
| Q104PS | Sell | PARKWAY PPTYS INC | $5,323,000 | -36.6% | 342,100 | -29.0% | 2.88% | -2.3% |
| SRG | New | SERITAGE GROWTH PPTYScl a | $4,945,000 | – | 132,743 | – | 2.68% | – |
| MAC | Sell | MACERICH CO | $4,542,000 | -64.7% | 59,129 | -65.7% | 2.46% | -45.5% |
| DCT | New | DCT INDUSTRIAL TRUST INC | $4,458,000 | – | 132,430 | – | 2.41% | – |
| LOW | New | LOWES COS INC | $3,910,000 | – | 56,736 | – | 2.12% | – |
| MAS | New | MASCO CORP | $3,699,000 | – | 146,910 | – | 2.00% | – |
| MGM | New | MGM RESORTS INTERNATIONAL | $3,519,000 | – | 190,705 | – | 1.90% | – |
| FCH | New | FELCOR LODGING TR INC | $3,216,000 | – | 454,831 | – | 1.74% | – |
| WCIC | New | WCI CMNTYS INC | $3,021,000 | – | 133,500 | – | 1.64% | – |
| M | New | MACYS INCcall | $2,535,000 | – | 49,400 | – | 1.37% | – |
| PPS | Sell | POST PPTYS INC | $2,534,000 | -42.9% | 43,472 | -46.7% | 1.37% | -11.9% |
| NYRT | New | NEW YORK REIT INC | $2,237,000 | – | 222,400 | – | 1.21% | – |
| AMT | Sell | AMERICAN TOWER CORP NEW | $1,314,000 | -67.0% | 14,940 | -65.0% | 0.71% | -49.1% |
| SPF | Exit | STANDARD PAC CORP NEW | $0 | – | -361,622 | – | -1.13% | – |
| MCD | Exit | MCDONALDS CORP | $0 | – | -33,970 | – | -1.13% | – |
| LQ | Exit | LA QUINTA HLDGS INC | $0 | – | -257,793 | – | -2.07% | – |
| CUZ | Exit | COUSINS PPTYS INC | $0 | – | -596,955 | – | -2.18% | – |
| EXR | Exit | EXTRA SPACE STORAGE INC | $0 | – | -97,070 | – | -2.22% | – |
| BKD | Exit | BROOKDALE SR LIVING INC | $0 | – | -218,960 | – | -2.67% | – |
| M | Exit | MACYS INC | $0 | – | -117,090 | – | -2.77% | – |
| BEE | Exit | STRATEGIC HOTELS & RESORTS I | $0 | – | -696,910 | – | -2.97% | – |
| TOL | Exit | TOLL BROTHERS INC | $0 | – | -228,100 | – | -3.06% | – |
| WRI | Exit | WEINGARTEN RLTY INVSsh ben int | $0 | – | -291,451 | – | -3.35% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -61,240 | – | -3.44% | – |
| CONE | Exit | CYRUSONE INC | $0 | – | -388,230 | – | -4.02% | – |
| RLGY | Exit | REALOGY HLDGS CORP | $0 | – | -254,082 | – | -4.17% | – |
| AIV | Exit | APARTMENT INVT & MGMT COcl a | $0 | – | -398,776 | – | -5.17% | – |
| TCO | Exit | TAUBMAN CTRS INC | $0 | – | -219,207 | – | -5.35% | – |
| BXMT | Exit | BLACKSTONE MTG TR INC | $0 | – | -688,888 | – | -6.73% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| STAR | New | ISTAR FINL INC | $19,917,000 | – | 1,495,306 | – | 6.99% | – |
| BXMT | New | BLACKSTONE MTG TR INC | $19,165,000 | – | 688,888 | – | 6.73% | – |
| PEI | New | PENNSYLVANIA RL ESTATE INVTsh ben int | $17,946,000 | – | 840,957 | – | 6.30% | – |
| AMH | New | AMERICAN HOMES 4 RENTcl a | $15,272,000 | – | 952,140 | – | 5.36% | – |
| TCO | New | TAUBMAN CTRS INC | $15,235,000 | – | 219,207 | – | 5.35% | – |
| AIV | New | APARTMENT INVT & MGMT COcl a | $14,727,000 | – | 398,776 | – | 5.17% | – |
| FCEA | New | FOREST CITY ENTERPRISES INCcl a | $13,998,000 | – | 633,406 | – | 4.92% | – |
| MAC | New | MACERICH CO | $12,857,000 | – | 172,350 | – | 4.52% | – |
| RLGY | New | REALOGY HLDGS CORP | $11,871,000 | – | 254,082 | – | 4.17% | – |
| CONE | New | CYRUSONE INC | $11,433,000 | – | 388,230 | – | 4.02% | – |
| AVB | New | AVALONBAY CMNTYS INC | $9,790,000 | – | 61,240 | – | 3.44% | – |
| GGP | New | GENERAL GROWTH PPTYS INC NEW | $9,708,000 | – | 378,346 | – | 3.41% | – |
| EQR | New | EQUITY RESIDENTIALsh ben int | $9,636,000 | – | 137,320 | – | 3.38% | – |
| WRI | New | WEINGARTEN RLTY INVSsh ben int | $9,528,000 | – | 291,451 | – | 3.35% | – |
| TOL | New | TOLL BROTHERS INC | $8,711,000 | – | 228,100 | – | 3.06% | – |
| BEE | New | STRATEGIC HOTELS & RESORTS I | $8,447,000 | – | 696,910 | – | 2.97% | – |
| Q104PS | New | PARKWAY PPTYS INC | $8,401,000 | – | 481,720 | – | 2.95% | – |
| A104PS | New | HILTON WORLDWIDE HLDGS INC | $8,307,000 | – | 301,520 | – | 2.92% | – |
| M | New | MACYS INC | $7,900,000 | – | 117,090 | – | 2.77% | – |
| BKD | New | BROOKDALE SR LIVING INC | $7,598,000 | – | 218,960 | – | 2.67% | – |
| DRI | New | DARDEN RESTAURANTS INC | $6,900,000 | – | 97,080 | – | 2.42% | – |
| EXR | New | EXTRA SPACE STORAGE INC | $6,331,000 | – | 97,070 | – | 2.22% | – |
| CUZ | New | COUSINS PPTYS INC | $6,196,000 | – | 596,955 | – | 2.18% | – |
| LQ | New | LA QUINTA HLDGS INC | $5,891,000 | – | 257,793 | – | 2.07% | – |
| PPS | New | POST PPTYS INC | $4,436,000 | – | 81,586 | – | 1.56% | – |
| SBAC | New | SBA COMMUNICATIONS CORP | $4,119,000 | – | 35,830 | – | 1.45% | – |
| AMT | New | AMERICAN TOWER CORP NEW | $3,982,000 | – | 42,680 | – | 1.40% | – |
| MCD | New | MCDONALDS CORP | $3,230,000 | – | 33,970 | – | 1.13% | – |
| SPF | New | STANDARD PAC CORP NEW | $3,222,000 | – | 361,622 | – | 1.13% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EDR | Exit | EDUCATION RLTY TR INC | $0 | – | -659,200 | – | -1.32% | – |
| DDR | Exit | DDR CORP | $0 | – | -455,950 | – | -1.48% | – |
| A104PS | Exit | HILTON WORLDWIDE HLDGS INC | $0 | – | -469,950 | – | -2.25% | – |
| ROIC | Exit | RETAIL OPPORTUNITY INVTS COR | $0 | – | -838,500 | – | -2.39% | – |
| ALEX | Exit | ALEXANDER & BALDWIN INC NEW | $0 | – | -347,467 | – | -2.42% | – |
| CBLAQ | Exit | CBL & ASSOC PPTYS INC | $0 | – | -742,550 | – | -2.58% | – |
| EXL | Exit | EXCEL TR INC | $0 | – | -1,199,041 | – | -2.74% | – |
| BRP | Exit | BROOKFIELD RESIDENTIAL PPTYS | $0 | – | -773,694 | – | -2.84% | – |
| DHI | Exit | D R HORTON INC | $0 | – | -731,200 | – | -2.91% | – |
| LXP | Exit | LEXINGTON REALTY TRUST | $0 | – | -1,540,150 | – | -2.93% | – |
| SRC | Exit | SPIRIT RLTY CAP INC NEW | $0 | – | -1,417,940 | – | -3.02% | – |
| ACC | Exit | AMERICAN CAMPUS CMNTYS INC | $0 | – | -449,850 | – | -3.18% | – |
| EQC | Exit | EQUITY COMWLTH | $0 | – | -766,184 | – | -3.82% | – |
| DRH | Exit | DIAMONDROCK HOSPITALITY CO | $0 | – | -1,641,950 | – | -4.04% | – |
| HTA | Exit | HEALTHCARE TR AMER INCcl a | $0 | – | -1,810,150 | – | -4.08% | – |
| HHC | Exit | HOWARD HUGHES CORP | $0 | – | -150,051 | – | -4.37% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -161,040 | – | -4.40% | – |
| CLI | Exit | MACK CALI RLTY CORP | $0 | – | -1,313,402 | – | -4.87% | – |
| Q104PS | Exit | PARKWAY PPTYS INC | $0 | – | -1,390,329 | – | -5.07% | – |
| LQ | Exit | LA QUINTA HLDGS INC | $0 | – | -1,578,853 | – | -5.82% | – |
| PLD | Exit | PROLOGIS INC | $0 | – | -840,300 | – | -6.15% | – |
| TOL | Exit | TOLL BROTHERS INC | $0 | – | -1,142,430 | – | -6.91% | – |
| LEN | Exit | LENNAR CORPcl a | $0 | – | -929,050 | – | -7.00% | – |
| IYR | Exit | ISHARES TRput | $0 | – | -1,000,000 | – | -13.43% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IYR | New | ISHARES TRput | $69,200,000 | – | 1,000,000 | – | 13.43% | – |
| LEN | Sell | LENNAR CORPcl a | $36,075,000 | -9.5% | 929,050 | -2.2% | 7.00% | -12.9% |
| TOL | Buy | TOLL BROTHERS INC | $35,598,000 | -8.1% | 1,142,430 | +8.8% | 6.91% | -11.5% |
| PLD | Sell | PROLOGIS INC | $31,679,000 | -9.3% | 840,300 | -1.1% | 6.15% | -12.7% |
| LQ | Sell | LA QUINTA HLDGS INC | $29,982,000 | -17.6% | 1,578,853 | -16.9% | 5.82% | -20.6% |
| Q104PS | Buy | PARKWAY PPTYS INC | $26,110,000 | +13.2% | 1,390,329 | +24.5% | 5.07% | +9.0% |
| CLI | Buy | MACK CALI RLTY CORP | $25,099,000 | +16.8% | 1,313,402 | +31.3% | 4.87% | +12.5% |
| AVB | Sell | AVALONBAY CMNTYS INC | $22,702,000 | -22.5% | 161,040 | -21.9% | 4.40% | -25.5% |
| HHC | Sell | HOWARD HUGHES CORP | $22,508,000 | -7.5% | 150,051 | -2.7% | 4.37% | -11.0% |
| HTA | Sell | HEALTHCARE TR AMER INCcl a | $20,998,000 | -12.8% | 1,810,150 | -9.5% | 4.08% | -16.0% |
| DRH | Sell | DIAMONDROCK HOSPITALITY CO | $20,820,000 | -1.6% | 1,641,950 | -0.5% | 4.04% | -5.3% |
| EQC | New | EQUITY COMWLTH | $19,699,000 | – | 766,184 | – | 3.82% | – |
| ACC | Sell | AMERICAN CAMPUS CMNTYS INC | $16,397,000 | -14.2% | 449,850 | -10.0% | 3.18% | -17.4% |
| SRC | Sell | SPIRIT RLTY CAP INC NEW | $15,555,000 | -33.7% | 1,417,940 | -31.3% | 3.02% | -36.2% |
| LXP | New | LEXINGTON REALTY TRUST | $15,078,000 | – | 1,540,150 | – | 2.93% | – |
| DHI | New | D R HORTON INC | $15,004,000 | – | 731,200 | – | 2.91% | – |
| BRP | Sell | BROOKFIELD RESIDENTIAL PPTYS | $14,615,000 | -39.5% | 773,694 | -33.5% | 2.84% | -41.8% |
| EXL | Sell | EXCEL TR INC | $14,113,000 | -18.6% | 1,199,041 | -7.8% | 2.74% | -21.6% |
| CBLAQ | New | CBL & ASSOC PPTYS INC | $13,292,000 | – | 742,550 | – | 2.58% | – |
| ALEX | Buy | ALEXANDER & BALDWIN INC NEW | $12,498,000 | -2.4% | 347,467 | +12.4% | 2.42% | -6.1% |
| ROIC | Sell | RETAIL OPPORTUNITY INVTS COR | $12,326,000 | -21.6% | 838,500 | -16.2% | 2.39% | -24.6% |
| A104PS | Sell | HILTON WORLDWIDE HLDGS INC | $11,575,000 | -41.6% | 469,950 | -44.7% | 2.25% | -43.7% |
| DDR | New | DDR CORP | $7,628,000 | – | 455,950 | – | 1.48% | – |
| EDR | Buy | EDUCATION RLTY TR INC | $6,777,000 | +3.5% | 659,200 | +8.1% | 1.32% | -0.4% |
| CONE | Exit | CYRUSONE INC | $0 | – | -322,550 | – | -1.62% | – |
| ELS | Exit | EQUITY LIFESTYLE PPTYS INC | $0 | – | -230,999 | – | -2.06% | – |
| PPS | Exit | POST PPTYS INC | $0 | – | -408,700 | – | -4.40% | – |
| 3101SC | Exit | COMMONWEALTH REIT | $0 | – | -900,000 | – | -4.78% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LEN | New | LENNAR CORPcl a | $39,881,000 | – | 950,000 | – | 8.04% | – |
| TOL | New | TOLL BROTHERS INC | $38,745,000 | – | 1,050,000 | – | 7.81% | – |
| LQ | New | LA QUINTA HLDGS INC | $36,366,000 | – | 1,900,000 | – | 7.33% | – |
| PLD | New | PROLOGIS INC | $34,927,000 | – | 850,000 | – | 7.04% | – |
| AVB | New | AVALONBAY CMNTYS INC | $29,311,000 | – | 206,140 | – | 5.91% | – |
| HHC | New | HOWARD HUGHES CORP | $24,338,000 | – | 154,205 | – | 4.91% | – |
| BRP | New | BROOKFIELD RESIDENTIAL PPTYS | $24,152,000 | – | 1,163,949 | – | 4.87% | – |
| HTA | New | HEALTHCARE TR AMER INCcl a | $24,080,000 | – | 2,000,000 | – | 4.85% | – |
| 3101SC | New | COMMONWEALTH REIT | $23,688,000 | – | 900,000 | – | 4.78% | – |
| SRC | New | SPIRIT RLTY CAP INC NEW | $23,459,000 | – | 2,065,040 | – | 4.73% | – |
| Q104PS | New | PARKWAY PPTYS INC | $23,066,000 | – | 1,116,982 | – | 4.65% | – |
| PPS | New | POST PPTYS INC | $21,849,000 | – | 408,700 | – | 4.40% | – |
| CLI | New | MACK CALI RLTY CORP | $21,480,000 | – | 1,000,000 | – | 4.33% | – |
| DRH | New | DIAMONDROCK HOSPITALITY CO | $21,153,000 | – | 1,650,000 | – | 4.26% | – |
| A104PS | New | HILTON WORLDWIDE HLDGS INC | $19,805,000 | – | 850,000 | – | 3.99% | – |
| ACC | New | AMERICAN CAMPUS CMNTYS INC | $19,120,000 | – | 500,000 | – | 3.85% | – |
| EXL | New | EXCEL TR INC | $17,329,000 | – | 1,300,000 | – | 3.49% | – |
| ROIC | New | RETAIL OPPORTUNITY INVTS COR | $15,730,000 | – | 1,000,000 | – | 3.17% | – |
| ALEX | New | ALEXANDER & BALDWIN INC NEW | $12,811,000 | – | 309,064 | – | 2.58% | – |
| ELS | New | EQUITY LIFESTYLE PPTYS INC | $10,201,000 | – | 230,999 | – | 2.06% | – |
| CONE | New | CYRUSONE INC | $8,031,000 | – | 322,550 | – | 1.62% | – |
| EDR | New | EDUCATION RLTY TR INC | $6,547,000 | – | 609,600 | – | 1.32% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CLDT | Exit | CHATHAM LODGING TR | $0 | – | -150,000 | – | -0.44% | – |
| WCIC | Exit | WCI CMNTYS INC | $0 | – | -326,400 | – | -0.92% | – |
| TWO | Exit | TWO HBRS INVT CORP | $0 | – | -754,650 | – | -1.19% | – |
| CBLAQ | Exit | CBL & ASSOC PPTYS INC | $0 | – | -487,100 | – | -1.51% | – |
| LHO | Exit | LASALLE HOTEL PPTYS | $0 | – | -449,404 | – | -2.08% | – |
| SRC | Exit | SPIRIT RLTY CAP INC NEW | $0 | – | -1,643,236 | – | -2.45% | – |
| EDR | Exit | EDUCATION RLTY TR INC | $0 | – | -1,894,915 | – | -2.80% | – |
| BXMT | Exit | BLACKSTONE MTG TR INC | $0 | – | -710,350 | – | -2.91% | – |
| DDR | Exit | DDR CORP | $0 | – | -1,317,500 | – | -3.36% | – |
| Q104PS | Exit | PARKWAY PPTYS INC | $0 | – | -1,413,711 | – | -4.08% | – |
| HHC | Exit | HOWARD HUGHES CORP | $0 | – | -223,714 | – | -4.08% | – |
| BRP | Exit | BROOKFIELD RESIDENTIAL PPTYS | $0 | – | -1,107,871 | – | -4.14% | – |
| FCEA | Exit | FOREST CITY ENTERPRISES INCcl a | $0 | – | -1,473,775 | – | -4.54% | – |
| ACC | Exit | AMERICAN CAMPUS CMNTYS INC | $0 | – | -824,634 | – | -4.58% | – |
| GGP | Exit | GENERAL GROWTH PPTYS INC NEW | $0 | – | -1,465,350 | – | -4.59% | – |
| BRE | Exit | BRE PROPERTIES INCcl a | $0 | – | -590,047 | – | -4.87% | – |
| RLJ | Exit | RLJ LODGING TR | $0 | – | -1,289,752 | – | -4.92% | – |
| HPP | Exit | HUDSON PAC PPTYS INC | $0 | – | -1,648,341 | – | -5.21% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -262,400 | – | -5.42% | – |
| EQR | Exit | EQUITY RESIDENTIALsh ben int | $0 | – | -624,350 | – | -5.43% | – |
| ELS | Exit | EQUITY LIFESTYLE PPTYS INC | $0 | – | -1,145,184 | – | -6.36% | – |
| ARE | Exit | ALEXANDRIA REAL ESTATE EQ IN | $0 | – | -654,150 | – | -6.79% | – |
| BPO | Exit | BROOKFIELD OFFICE PPTYS INC | $0 | – | -2,630,750 | – | -8.15% | – |
| PPS | Exit | POST PPTYS INC | $0 | – | -1,255,712 | – | -9.18% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PPS | Buy | POST PPTYS INC | $56,532,000 | +7.6% | 1,255,712 | +18.3% | 9.18% | +6.4% |
| BPO | Sell | BROOKFIELD OFFICE PPTYS INC | $50,168,000 | +13.2% | 2,630,750 | -1.0% | 8.15% | +11.9% |
| ARE | Buy | ALEXANDRIA REAL ESTATE EQ IN | $41,767,000 | -2.2% | 654,150 | +0.7% | 6.79% | -3.2% |
| ELS | Buy | EQUITY LIFESTYLE PPTYS INC | $39,131,000 | +64.2% | 1,145,184 | +277.6% | 6.36% | +62.4% |
| EQR | Sell | EQUITY RESIDENTIALsh ben int | $33,446,000 | -14.5% | 624,350 | -7.4% | 5.43% | -15.5% |
| AVB | Sell | AVALONBAY CMNTYS INC | $33,348,000 | -12.4% | 262,400 | -7.0% | 5.42% | -13.4% |
| HPP | Sell | HUDSON PAC PPTYS INC | $32,060,000 | -10.6% | 1,648,341 | -2.2% | 5.21% | -11.6% |
| RLJ | Buy | RLJ LODGING TR | $30,296,000 | +5.9% | 1,289,752 | +1.4% | 4.92% | +4.8% |
| BRE | Sell | BRE PROPERTIES INCcl a | $29,951,000 | -7.8% | 590,047 | -9.1% | 4.87% | -8.8% |
| GGP | Buy | GENERAL GROWTH PPTYS INC NEW | $28,267,000 | +34.5% | 1,465,350 | +38.6% | 4.59% | +33.0% |
| ACC | New | AMERICAN CAMPUS CMNTYS INC | $28,161,000 | – | 824,634 | – | 4.58% | – |
| FCEA | Sell | FOREST CITY ENTERPRISES INCcl a | $27,913,000 | +4.1% | 1,473,775 | -1.6% | 4.54% | +3.0% |
| BRP | Buy | BROOKFIELD RESIDENTIAL PPTYS | $25,503,000 | +5.1% | 1,107,871 | +0.8% | 4.14% | +4.0% |
| HHC | Buy | HOWARD HUGHES CORP | $25,139,000 | +8.5% | 223,714 | +8.2% | 4.08% | +7.3% |
| Q104PS | Sell | PARKWAY PPTYS INC | $25,122,000 | -33.3% | 1,413,711 | -37.1% | 4.08% | -34.1% |
| DDR | Buy | DDR CORP | $20,698,000 | +38.9% | 1,317,500 | +47.2% | 3.36% | +37.4% |
| BXMT | Buy | BLACKSTONE MTG TR INC | $17,894,000 | +21.5% | 710,350 | +19.2% | 2.91% | +20.2% |
| EDR | Buy | EDUCATION RLTY TR INC | $17,244,000 | +4.0% | 1,894,915 | +17.0% | 2.80% | +2.9% |
| SRC | New | SPIRIT RLTY CAP INC NEW | $15,085,000 | – | 1,643,236 | – | 2.45% | – |
| LHO | New | LASALLE HOTEL PPTYS | $12,817,000 | – | 449,404 | – | 2.08% | – |
| CBLAQ | New | CBL & ASSOC PPTYS INC | $9,304,000 | – | 487,100 | – | 1.51% | – |
| TWO | New | TWO HBRS INVT CORP | $7,328,000 | – | 754,650 | – | 1.19% | – |
| WCIC | New | WCI CMNTYS INC | $5,634,000 | – | 326,400 | – | 0.92% | – |
| CLDT | New | CHATHAM LODGING TR | $2,679,000 | – | 150,000 | – | 0.44% | – |
| HF | Exit | HFF INCcl a | $0 | – | -575,754 | – | -1.68% | – |
| RLGY | Exit | REALOGY HLDGS CORP | $0 | – | -227,950 | – | -1.80% | – |
| FR | Exit | FIRST INDUSTRIAL REALTY TRUS | $0 | – | -786,874 | – | -1.96% | – |
| PSA | Exit | PUBLIC STORAGE | $0 | – | -105,850 | – | -2.67% | – |
| BEE | Exit | STRATEGIC HOTELS & RESORTS I | $0 | – | -1,854,654 | – | -2.70% | – |
| AMT | Exit | AMERICAN TOWER CORP NEW | $0 | – | -358,950 | – | -4.32% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PPS | New | POST PPTYS INC | $52,522,000 | – | 1,061,265 | – | 8.63% | – |
| BPO | New | BROOKFIELD OFFICE PPTYS INC | $44,322,000 | – | 2,657,200 | – | 7.28% | – |
| ARE | New | ALEXANDRIA REAL ESTATE EQ IN | $42,685,000 | – | 649,500 | – | 7.01% | – |
| EQR | New | EQUITY RESIDENTIALsh ben int | $39,132,000 | – | 674,000 | – | 6.43% | – |
| AVB | New | AVALONBAY CMNTYS INC | $38,078,000 | – | 282,250 | – | 6.26% | – |
| Q104PS | New | PARKWAY PPTYS INC | $37,680,000 | – | 2,248,223 | – | 6.19% | – |
| HPP | New | HUDSON PAC PPTYS INC | $35,849,000 | – | 1,684,641 | – | 5.89% | – |
| BRE | New | BRE PROPERTIES INCcl a | $32,470,000 | – | 649,133 | – | 5.34% | – |
| RLJ | New | RLJ LODGING TR | $28,597,000 | – | 1,271,552 | – | 4.70% | – |
| FCEA | New | FOREST CITY ENTERPRISES INCcl a | $26,812,000 | – | 1,497,027 | – | 4.40% | – |
| AMT | New | AMERICAN TOWER CORP NEW | $26,264,000 | – | 358,950 | – | 4.32% | – |
| BRP | New | BROOKFIELD RESIDENTIAL PPTYS | $24,256,000 | – | 1,099,547 | – | 3.98% | – |
| ELS | New | EQUITY LIFESTYLE PPTYS INC | $23,836,000 | – | 303,299 | – | 3.92% | – |
| HHC | New | HOWARD HUGHES CORP | $23,171,000 | – | 206,714 | – | 3.81% | – |
| GGP | New | GENERAL GROWTH PPTYS INC NEW | $21,015,000 | – | 1,057,600 | – | 3.45% | – |
| EDR | New | EDUCATION RLTY TR INC | $16,574,000 | – | 1,620,165 | – | 2.72% | – |
| BEE | New | STRATEGIC HOTELS & RESORTS I | $16,432,000 | – | 1,854,654 | – | 2.70% | – |
| PSA | New | PUBLIC STORAGE | $16,230,000 | – | 105,850 | – | 2.67% | – |
| DDR | New | DDR CORP | $14,898,000 | – | 894,750 | – | 2.45% | – |
| BXMT | New | BLACKSTONE MTG TR INC | $14,725,000 | – | 596,150 | – | 2.42% | – |
| FR | New | FIRST INDUSTRIAL REALTY TRUS | $11,937,000 | – | 786,874 | – | 1.96% | – |
| RLGY | New | REALOGY HLDGS CORP | $10,951,000 | – | 227,950 | – | 1.80% | – |
| HF | New | HFF INCcl a | $10,231,000 | – | 575,754 | – | 1.68% | – |