REMS

Real Estate Management Services Portfolio holdings

AUM $167M
1-Year Return 37.74%
This Quarter Return
+0.77%
1 Year Return
+37.74%
3 Year Return
+67.26%
5 Year Return
+28.69%
10 Year Return
–
AUM
$622M
AUM Growth
-$56M
Cap. Flow
-$62.3M
Cap. Flow %
-10.01%
Top 10 Hldgs %
49.56%
Holding
44
New
3
Increased
22
Reduced
8
Closed
6

Top Buys

1
KW icon
Kennedy-Wilson Holdings
KW
$7.66M
2
CLNY
Colony Capital, Inc.
CLNY
$7.49M
3
ARE icon
Alexandria Real Estate Equities
ARE
$5.62M
4
SAFE
Safehold
SAFE
$5.43M
5
WCIC
WCI Communities, Inc.
WCIC
$4.58M

Top Sells

1
IYR icon
iShares US Real Estate ETF
IYR
$22M
2
DRE
Duke Realty Corp.
DRE
$21M
3
GGP
GGP Inc.
GGP
$18.3M
4
SUI icon
Sun Communities
SUI
$17.6M
5
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
$17M

Sector Composition

1 Real Estate 83.57%
2 Consumer Discretionary 3.9%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CXP
26
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$5.98M 0.96%
271,800
+11,500
+4% +$253K
RPT
27
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$5.73M 0.92%
318,000
+5,200
+2% +$93.8K
WPC icon
28
W.P. Carey
WPC
$14.7B
$5.6M 0.9%
91,890
+1,736
+2% +$106K
HR
29
DELISTED
Healthcare Realty Trust Incorporated
HR
$4.3M 0.69%
139,200
-53,000
-28% -$1.64M
CBL.PRD
30
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$3.25M 0.52%
+131,334
New +$3.25M
WY icon
31
Weyerhaeuser
WY
$18.7B
$1.38M 0.22%
+44,440
New +$1.38M
RPT.PRD
32
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$1.16M 0.19%
17,700
– –
GGP.PRA
33
DELISTED
GGP Inc.
GGP.PRA
$693K 0.11%
26,740
+4,340
+19% +$112K
DRE
34
DELISTED
Duke Realty Corp.
DRE
$627K 0.1%
27,800
-929,900
-97% -$21M
VER
35
DELISTED
VEREIT, Inc.
VER
$435K 0.07%
+9,800
New +$435K
ARE.PRE.CL
36
DELISTED
Alexandria Real Estate Equities
ARE.PRE.CL
$396K 0.06%
15,300
– –
CBL.PRE
37
DELISTED
CBL & ASSOCIATES PROPERTIES, INC. Depository Shares, each representing a 1/10th fractional Interest
CBL.PRE
$324K 0.05%
13,600
– –
EPR.PRF.CL
38
DELISTED
EPR Properties
EPR.PRF.CL
$267K 0.04%
10,200
– –
IYR icon
39
iShares US Real Estate ETF
IYR
$3.74B
– –
-293,400
Closed -$22M
MAA icon
40
Mid-America Apartment Communities
MAA
$16.9B
– –
-28,900
Closed -$2.62M
SUI icon
41
Sun Communities
SUI
$16.2B
– –
-256,629
Closed -$17.6M
VNQ icon
42
Vanguard Real Estate ETF
VNQ
$34.5B
– –
-35,100
Closed -$2.8M
GGP
43
DELISTED
GGP Inc.
GGP
– –
-672,600
Closed -$18.3M
PCL
44
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
– –
-356,300
Closed -$17M
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