REMS

Real Estate Management Services Portfolio holdings

AUM $167M
This Quarter Return
+2.96%
1 Year Return
+37.74%
3 Year Return
+67.26%
5 Year Return
+28.69%
10 Year Return
–
AUM
$148M
AUM Growth
+$148M
Cap. Flow
-$31.5M
Cap. Flow %
-21.24%
Top 10 Hldgs %
56.5%
Holding
30
New
2
Increased
3
Reduced
20
Closed
2

Top Buys

1
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
$6.89M
2
MGM icon
MGM Resorts International
MGM
$3.75M
3
BDN
Brandywine Realty Trust
BDN
$589K
4
HT
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$202K
5
HHH icon
Howard Hughes
HHH
$156K

Top Sells

1
CUZ icon
Cousins Properties
CUZ
$17.2M
2
CIO
City Office REIT
CIO
$4.01M
3
SAFE
Safehold
SAFE
$3.82M
4
XLRE icon
Real Estate Select Sector SPDR Fund
XLRE
$3.3M
5
RYN icon
Rayonier
RYN
$1.91M

Sector Composition

1 Real Estate 76.37%
2 Consumer Discretionary 4.7%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
BDN
1
Brandywine Realty Trust
BDN
$740M
$10.4M 7% 724,900 +41,100 +6% +$589K
BRX icon
2
Brixmor Property Group
BRX
$8.57B
$9.98M 6.73% 557,900 -40,500 -7% -$724K
VER
3
DELISTED
VEREIT, Inc.
VER
$9.57M 6.45% 1,062,300 -93,900 -8% -$846K
HT
4
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$8.71M 5.87% 526,500 +12,200 +2% +$202K
DOC icon
5
Healthpeak Properties
DOC
$12.5B
$8.61M 5.8% 269,100 -30,100 -10% -$963K
CTT
6
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
$8.36M 5.64% 799,700 -81,300 -9% -$850K
KW icon
7
Kennedy-Wilson Holdings
KW
$1.21B
$7.99M 5.39% 388,600 -65,400 -14% -$1.35M
SRC
8
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$6.89M 4.65% +161,500 New +$6.89M
WRI
9
DELISTED
Weingarten Realty Investors
WRI
$6.81M 4.59% 248,400 -11,700 -4% -$321K
LPT
10
DELISTED
Liberty Property Trust
LPT
$6.5M 4.38% 129,800 -27,100 -17% -$1.36M
HHH icon
11
Howard Hughes
HHH
$4.53B
$6.21M 4.19% 50,170 +1,260 +3% +$156K
SAFE
12
Safehold
SAFE
$1.18B
$5.55M 3.74% 446,900 -307,500 -41% -$3.82M
CUZ icon
13
Cousins Properties
CUZ
$4.95B
$5.54M 3.73% 153,050 -474,950 -76% -$17.2M
AMH icon
14
American Homes 4 Rent
AMH
$13.3B
$4.36M 2.94% 179,300 -41,600 -19% -$1.01M
EQIX icon
15
Equinix
EQIX
$76.9B
$4.34M 2.92% 8,600 -1,330 -13% -$671K
RLJ.PRA icon
16
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$4.24M 2.86% 161,900 -15,800 -9% -$413K
ESRT icon
17
Empire State Realty Trust
ESRT
$1.3B
$3.87M 2.61% 261,200 -54,800 -17% -$812K
MGM icon
18
MGM Resorts International
MGM
$10.8B
$3.75M 2.53% +131,100 New +$3.75M
VNQ icon
19
Vanguard Real Estate ETF
VNQ
$34.6B
$3.73M 2.52% 42,700 -9,400 -18% -$822K
STAG icon
20
STAG Industrial
STAG
$6.88B
$3.73M 2.51% 123,300 -5,900 -5% -$178K
SPG icon
21
Simon Property Group
SPG
$59B
$3.44M 2.32% 21,530 -6,840 -24% -$1.09M
JCAP
22
DELISTED
Jernigan Capital, Inc.
JCAP
$3.39M 2.28% 165,100 -24,700 -13% -$506K
WLH
23
DELISTED
WILLIAM LYON HOMES
WLH
$3.23M 2.18% 177,200 -32,500 -15% -$592K
RPT.PRD
24
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$2.69M 1.81% 52,867 – –
GLPI icon
25
Gaming and Leisure Properties
GLPI
$13.6B
$2.65M 1.78% 67,900 – –
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