REMS

Real Estate Management Services Portfolio holdings

AUM $167M
1-Year Return 37.74%
This Quarter Return
+6.78%
1 Year Return
+37.74%
3 Year Return
+67.26%
5 Year Return
+28.69%
10 Year Return
–
AUM
$591M
AUM Growth
+$15.7M
Cap. Flow
-$16.5M
Cap. Flow %
-2.79%
Top 10 Hldgs %
54.8%
Holding
41
New
2
Increased
7
Reduced
15
Closed
6

Top Buys

1
VER
VEREIT, Inc.
VER
+$21M
2
WPG
Washington Prime Group Inc.
WPG
+$15.3M
3
NYRT
New York REIT, Inc.
NYRT
+$10.7M
4
OUT icon
Outfront Media
OUT
+$2.89M
5
FCH
Felcor Lodging Trust
FCH
+$2.06M

Top Sells

1
VRE
Veris Residential
VRE
+$19.7M
2
KIM icon
Kimco Realty
KIM
+$7.19M
3
WCIC
WCI Communities, Inc.
WCIC
+$5.22M
4
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$4.96M
5
ELME
Elme Communities
ELME
+$4.57M

Sector Composition

1 Real Estate 71.46%
2 Consumer Discretionary 5.53%
3 Healthcare 3.9%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CLNY
1
DELISTED
Colony Capital, Inc.
CLNY
$40.3M 6.81%
2,210,200
+52,500
+2% +$957K
LPT
2
DELISTED
Liberty Property Trust
LPT
$36.8M 6.22%
911,200
-47,000
-5% -$1.9M
BDN
3
Brandywine Realty Trust
BDN
$789M
$33.5M 5.66%
2,142,300
-105,300
-5% -$1.64M
HT
4
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$32.7M 5.53%
1,815,397
– –
WCIC
5
DELISTED
WCI Communities, Inc.
WCIC
$32.7M 5.53%
1,379,100
-219,900
-14% -$5.22M
KW icon
6
Kennedy-Wilson Holdings
KW
$1.24B
$31.5M 5.33%
1,397,000
+19,700
+1% +$444K
KRG icon
7
Kite Realty
KRG
$4.95B
$30.8M 5.21%
1,111,598
– –
FCH
8
DELISTED
Felcor Lodging Trust
FCH
$30.4M 5.14%
4,727,800
+320,300
+7% +$2.06M
SAFE
9
Safehold
SAFE
$1.18B
$28.7M 4.85%
549,203
-69,808
-11% -$3.65M
RYN icon
10
Rayonier
RYN
$4.05B
$26.6M 4.5%
1,054,494
-61,213
-5% -$1.55M
WPG
11
DELISTED
Washington Prime Group Inc.
WPG
$26.4M 4.47%
237,111
+137,689
+138% +$15.3M
ESRT icon
12
Empire State Realty Trust
ESRT
$1.34B
$26.1M 4.41%
1,243,500
-52,400
-4% -$1.1M
VER
13
DELISTED
VEREIT, Inc.
VER
$25.2M 4.27%
486,420
+404,320
+492% +$21M
BKD icon
14
Brookdale Senior Living
BKD
$1.78B
$23.1M 3.9%
1,321,400
– –
SITC icon
15
SITE Centers
SITC
$463M
$21.8M 3.69%
972,453
– –
VNO icon
16
Vornado Realty Trust
VNO
$8.25B
$21.7M 3.66%
264,718
-23,008
-8% -$1.88M
ARE icon
17
Alexandria Real Estate Equities
ARE
$14.5B
$21M 3.56%
193,400
-23,200
-11% -$2.52M
FCE.A
18
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$16.9M 2.86%
732,100
-214,300
-23% -$4.96M
RSO
19
DELISTED
Resource Capital Corp.
RSO
$13.7M 2.32%
1,071,833
+128,434
+14% +$1.65M
CUZ icon
20
Cousins Properties
CUZ
$4.94B
$12.9M 2.17%
436,188
-50,268
-10% -$1.48M
NYRT
21
DELISTED
New York REIT, Inc.
NYRT
$10.7M 1.82%
+117,380
New +$10.7M
CBL.PRD
22
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$7.87M 1.33%
314,600
– –
KIM icon
23
Kimco Realty
KIM
$15.2B
$6.55M 1.11%
226,100
-248,400
-52% -$7.19M
CXP
24
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$6.44M 1.09%
287,600
– –
RPT
25
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$5.96M 1.01%
318,000
– –
1
2