Q1 2023 Holdings
Filed 2023-05-10 | 36 holdings | $151.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Blackstone MTG TR Inc(BXMT) | COM CL A | 09257W100 | $30.4M | 1,701,025 | 20.0% |
| SL Green Rlty Corp(SLG) | COM | 78440X887 | $15.7M | 669,209 | 10.4% |
| RPT Realty | 7.25 PFD D CONV | 74971D200 | $14.6M | 308,005 | 9.6% |
| EPR Pptys | CONV PFD 9% SR E | 26884U307 | $8.3M | 313,140 | 5.5% |
| RLJ Lodging TR | CUM CONV PFD A | 74965L200 | $7.3M | 292,334 | 4.8% |
| Spirit Rlty Cap Inc New(SRCUSD) | COM NEW | 84860W300 | $6.6M | 165,117 | 4.3% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $6.0M | 114,450 | 3.9% |
| EPR Pptys | PFD C CV 5.75% | 26884U208 | $5.7M | 320,343 | 3.8% |
| Healthcare Rlty TR(HR) | CL A COM | 42226K105 | $4.3M | 224,706 | 2.9% |
| Kennedy-Wilson Holdings Inc(KW) | COM | 489398107 | $3.8M | 226,724 | 2.5% |
| Urban Edge Pptys(UE) | COM | 91704F104 | $3.6M | 237,598 | 2.4% |
| Apartment Income REIT Corp(AIRCUSD) | COM | 03750L109 | $3.6M | 99,301 | 2.3% |
| Stag Indl Inc(STAG) | COM | 85254J102 | $3.5M | 103,727 | 2.3% |
| Healthpeak Properties Inc(DOC) | COM | 42250P103 | $3.5M | 157,894 | 2.3% |
| UMH Pptys Inc(UMH) | COM | 903002103 | $3.3M | 223,501 | 2.2% |
| Brixmor Ppty Group Inc(BRX) | COM | 11120U105 | $3.3M | 152,081 | 2.2% |
| Select Sector Spdr TR(XLRE) | RL EST SEL SEC | 81369Y860 | $3.2M | 85,605 | 2.1% |
| Alexander & Baldwin Inc New(ALEX) | COM | 014491104 | $2.6M | 137,214 | 1.7% |
| Veris Residential Inc(VRE) | COM | 554489104 | $2.5M | 167,723 | 1.6% |
| Braemar Hotels & Resorts Inc | 5.5 CUM CV PFD B | 10482B200 | $2.1M | 133,885 | 1.4% |
| Brandywine Rlty TR(BDN) | SH BEN INT NEW | 105368203 | $1.8M | 381,881 | 1.2% |
| Inventrust Pptys Corp(IVT) | COM NEW | 46124J201 | $1.7M | 72,301 | 1.1% |
| Physicians Rlty TR(DOCUSD) | COM | 71943U104 | $1.6M | 106,153 | 1.0% |
| Kite Rlty Group TR(KRG) | COM NEW | 49803T300 | $1.5M | 71,979 | 1.0% |
| Howard Hughes Corp(HHC*) | COM | 44267D107 | $1.4M | 17,367 | 0.9% |
| Global NET Lease Inc(GNL) | COM NEW | 379378201 | $1.3M | 103,407 | 0.9% |
| LXP Industrial Trust | PFD CONV SER C | 529043309 | $1.3M | 27,216 | 0.9% |
| Century Cmntys Inc(CCS) | COM | 156504300 | $1.2M | 19,185 | 0.8% |
| Hersha Hospitality TR(HTEUR) | PR SHS BEN INT | 427825500 | $1.2M | 180,737 | 0.8% |
| Phillips Edison & Co Inc(PECO) | COMMON STOCK | 71844V201 | $1.1M | 34,597 | 0.7% |
| Ryman Hospitality Pptys Inc(RHP) | COM | 78377T107 | $1.1M | 12,363 | 0.7% |
| Alexanders Inc(ALX) | COM | 014752109 | $1.0M | 5,302 | 0.7% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $1.0M | 63,289 | 0.7% |
| Starwood Ppty TR Inc(STWD) | COM | 85571B105 | $409.2K | 23,133 | 0.3% |
| Alico Inc(ALCO) | COM | 016230104 | $311.5K | 12,870 | 0.2% |
| Diamondrock Hospitality Co(DRH) | COM | 252784301 | $85.0K | 10,456 | 0.1% |