REMS

Real Estate Management Services Portfolio holdings

AUM $167M
This Quarter Return
+3.18%
1 Year Return
+37.74%
3 Year Return
+67.26%
5 Year Return
+28.69%
10 Year Return
–
AUM
$593M
AUM Growth
+$593M
Cap. Flow
-$25.2M
Cap. Flow %
-4.26%
Top 10 Hldgs %
37.24%
Holding
63
New
8
Increased
18
Reduced
24
Closed
4

Top Buys

1
FCH
Felcor Lodging Trust
FCH
$19M
2
VRE
Veris Residential
VRE
$10.6M
3
UE icon
Urban Edge Properties
UE
$6.89M
4
LPT
Liberty Property Trust
LPT
$4.59M
5
H icon
Hyatt Hotels
H
$4.43M

Top Sells

1
PKY
Parkway, Inc.
PKY
$15.2M
2
GRT
GLIMCHER REALTY TRUST
GRT
$15.1M
3
SUI icon
Sun Communities
SUI
$12M
4
AMH icon
American Homes 4 Rent
AMH
$8M
5
DRE
Duke Realty Corp.
DRE
$7.79M

Sector Composition

1 Real Estate 81.26%
2 Consumer Discretionary 6%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
VRE
26
Veris Residential
VRE
$1.47B
$13.6M 2.3% 707,000 +547,500 +343% +$10.6M
RPT
27
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$10.1M 1.7% 541,600 -231,000 -30% -$4.3M
CUZ icon
28
Cousins Properties
CUZ
$4.95B
$8.88M 1.5% 837,900 -298,300 -26% -$3.16M
SITC icon
29
SITE Centers
SITC
$644M
$8.69M 1.47% 466,700 – –
AMH icon
30
American Homes 4 Rent
AMH
$13.3B
$7.81M 1.32% 471,900 -483,500 -51% -$8M
BMR
31
DELISTED
BIOMED REALTY TRUST INC
BMR
$6.97M 1.18% 307,700 -36,400 -11% -$825K
UE icon
32
Urban Edge Properties
UE
$2.6B
$6.89M 1.16% +290,641 New +$6.89M
ADC icon
33
Agree Realty
ADC
$8.05B
$6.02M 1.01% 182,500 -38,600 -17% -$1.27M
CXP
34
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$5.42M 0.91% 200,600 +23,400 +13% +$632K
HR
35
DELISTED
Healthcare Realty Trust Incorporated
HR
$4.95M 0.84% 178,200 -65,200 -27% -$1.81M
WPC icon
36
W.P. Carey
WPC
$14.7B
$4.35M 0.73% 64,000 -10,000 -14% -$680K
ESRT icon
37
Empire State Realty Trust
ESRT
$1.3B
$4.24M 0.72% 225,400 +214,900 +2,047% +$4.04M
HME
38
DELISTED
HOME PROPERTIES, INC
HME
$4.08M 0.69% 58,900 -35,200 -37% -$2.44M
ELME
39
Elme Communities
ELME
$1.51B
$3.94M 0.67% 142,700 +10,900 +8% +$301K
RPT.PRD
40
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$1.19M 0.2% 17,700 -8,800 -33% -$590K
GGP.PRA
41
DELISTED
GGP Inc.
GGP.PRA
$875K 0.15% 34,300 -31,600 -48% -$806K
IYR icon
42
iShares US Real Estate ETF
IYR
$3.76B
$492K 0.08% 6,200 – –
ARE.PRE.CL
43
DELISTED
Alexandria Real Estate Equities
ARE.PRE.CL
$396K 0.07% 15,300 – –
CBL.PRE
44
DELISTED
CBL & ASSOCIATES PROPERTIES, INC. Depository Shares, each representing a 1/10th fractional Interest
CBL.PRE
$340K 0.06% 13,400 -9,562 -42% -$243K
EPR.PRF.CL
45
DELISTED
EPR Properties
EPR.PRF.CL
$265K 0.04% 10,200 – –
CBL.PRD
46
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$242K 0.04% 9,600 – –
AGNC icon
47
AGNC Investment
AGNC
$10.2B
$224K 0.04% 10,500 – –
PKY
48
DELISTED
Parkway, Inc.
PKY
– – -825,300 Closed -$15.2M
FUR
49
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
– – -206,513 Closed -$3.22M
GRT
50
DELISTED
GLIMCHER REALTY TRUST
GRT
– – -1,095,967 Closed -$15.1M
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