Vert Asset Management LLC Long-Term Concentrated

Location: Sausalito, CA

CIK: 0001904664 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Jan 17, 2024

Total Value: $232M (100.0% shares, 0.0% debt)

Holdings (41)

SPG Simon Property Group 8.2%

Value $18.91M Shares 132,586 Share Price $142.64 * Est. Cost/Share $108.79 Unrealized @ Report Date +18.7%

AMT American Tower Corp Class A 7.9%

Value $18.28M Shares 84,690 Share Price $215.88 * Est. Cost/Share $204.36 Unrealized @ Report Date -1.3%

PLD Prologis 7.9%

Value $18.27M Shares 137,047 Share Price $133.30 * Est. Cost/Share $119.93 Unrealized @ Report Date +3.9%

WELL Welltower 7.3%

Value $16.83M Shares 186,605 Share Price $90.17 * Est. Cost/Share $72.37 Unrealized @ Report Date +19.6%

DLR Digital Realty Trust 7.1%

Value $16.35M Shares 121,525 Share Price $134.58 * Est. Cost/Share $115.43 Unrealized @ Report Date +9.7%

EQIX Equinix 6.7%

Value $15.5M Shares 19,246 Share Price $805.39 * Est. Cost/Share $703.72 Unrealized @ Report Date +9.7%

EXR Extra Space Storage 5.9%

Value $13.71M Shares 85,522 Share Price $160.33 * Est. Cost/Share $140.54 Unrealized @ Report Date +4.7%

AVB Avalonbay Communities 4.5%

Value $10.39M Shares 55,508 Share Price $187.22 * Est. Cost/Share $181.28 Unrealized @ Report Date -3.6%

EQR Equity Residential 3.7%

Value $8.474M Shares 138,553 Share Price $61.16 * Est. Cost/Share $63.96 Unrealized @ Report Date -11.8%

ARE Alexandria Real Estate Equities 3.6%

Value $8.391M Shares 66,188 Share Price $126.77 * Est. Cost/Share $140.92 Unrealized @ Report Date -19.3%

IRM Iron Mountain 3.6%

Value $8.278M Shares 118,295 Share Price $69.98 * Est. Cost/Share $44.43 Unrealized @ Report Date +47.8%

VTR Ventas 3.4%

Value $7.861M Shares 157,731 Share Price $49.84 * Est. Cost/Share $43.87 Unrealized @ Report Date +6.8%

SUI Sun Communities 2.8%

Value $6.38M Shares 47,733 Share Price $133.65 Est. Cost/Share $165.46 Unrealized @ Report Date —

ESS Essex Property Trust 2.7%

Value $6.269M Shares 25,284 Share Price $247.94 * Est. Cost/Share $195.56 Unrealized @ Report Date +17.8%

HST Host Hotels & Resorts 2.2%

Value $5.191M Shares 266,598 Share Price $19.47 * Est. Cost/Share $14.34 Unrealized @ Report Date +22.0%

KIM Kimco Realty Corp 2.2%

Value $5.124M Shares 240,448 Share Price $21.31 * Est. Cost/Share $18.42 Unrealized @ Report Date +5.5%

ELS Equity Lifestyle Properties 2.0%

Value $4.729M Shares 67,040 Share Price $70.54 Est. Cost/Share $75.04 Unrealized @ Report Date —

Value $4.626M Shares 120,803 Share Price $38.29 * Est. Cost/Share $42.24 Unrealized @ Report Date -16.8%

REXR Rexford Industrial Realty 1.9%

Value $4.447M Shares 79,264 Share Price $56.10 Est. Cost/Share $63.83 Unrealized @ Report Date —

REG Regency Centers Corp 1.9%

Value $4.315M Shares 64,410 Share Price $67.00 * Est. Cost/Share $57.59 Unrealized @ Report Date +7.3%

BXP Boston Properties 1.8%

Value $4.136M Shares 58,944 Share Price $70.17 * Est. Cost/Share $71.90 Unrealized @ Report Date -12.3%

DOC Healthpeak Properties 1.7%

Value $3.967M Shares 200,330 Share Price $19.80 * Est. Cost/Share $23.38 Unrealized @ Report Date -25.5%

COLD Americold Realty Trust 1.4%

Value $3.284M Shares 108,478 Share Price $30.27 Est. Cost/Share $30.52 Unrealized @ Report Date —

FRT Federal Realty Invs Trust 1.3%

Value $2.961M Shares 28,736 Share Price $103.05 * Est. Cost/Share $95.69 Unrealized @ Report Date -1.2%

STAG Stag Industrial 1.2%

Value $2.815M Shares 71,695 Share Price $39.26 Est. Cost/Share $35.17 Unrealized @ Report Date —

VNO Vornado Realty Trust 0.8%

Value $1.815M Shares 64,235 Share Price $28.25 Est. Cost/Share $28.51 Unrealized @ Report Date —

KRC Kilroy Realty Corp 0.7%

Value $1.727M Shares 43,337 Share Price $39.84 Est. Cost/Share $47.07 Unrealized @ Report Date —

MAC Macerich Co 0.6%

Value $1.384M Shares 89,682 Share Price $15.43 Est. Cost/Share $12.94 Unrealized @ Report Date —

HASI Hannon Armstrong Sustainable Infrastructure Capital 0.5%

Value $1.202M Shares 43,594 Share Price $27.58 * Est. Cost/Share $31.70 Unrealized @ Report Date -22.3%

DRH Diamondrock Hospitality Co 0.4%

Value $820K Shares 87,299 Share Price $9.39 Est. Cost/Share $8.81 Unrealized @ Report Date —

SHO Sunstone Hotel Investors 0.3%

Value $787K Shares 73,375 Share Price $10.73 Est. Cost/Share $9.73 Unrealized @ Report Date —

RLJ RLJ Lodging Trust 0.3%

Value $734K Shares 62,650 Share Price $11.72 Est. Cost/Share $11.79 Unrealized @ Report Date —

JBGS JBG Smith Properties 0.3%

Value $618K Shares 36,312 Share Price $17.01 Est. Cost/Share $20.68 Unrealized @ Report Date —

ALEX Alexander & Baldwin 0.3%

Value $581K Shares 30,539 Share Price $19.02 Est. Cost/Share $20.99 Unrealized @ Report Date —

ESRT Empire State Realty Trust 0.2%

Value $512K Shares 52,847 Share Price $9.69 Est. Cost/Share $7.83 Unrealized @ Report Date —

— Hudson Pacific Properties 0.2%

Value $484K Shares 51,944 Share Price $9.31 Est. Cost/Share $14.84 Unrealized @ Report Date —

AAT American Assets Trust 0.2%

Value $470K Shares 20,869 Share Price $22.51 Est. Cost/Share $25.89 Unrealized @ Report Date —

VRE Veris Residential 0.2%

Value $433K Shares 27,498 Share Price $15.73 Est. Cost/Share $16.05 Unrealized @ Report Date —

UMH UMH Properties 0.2%

Value $366K Shares 23,900 Share Price $15.32 Est. Cost/Share $15.48 Unrealized @ Report Date —

BDN Brandywine Realty Trust 0.2%

Value $362K Shares 67,039 Share Price $5.40 Est. Cost/Share $5.23 Unrealized @ Report Date —

FSP Franklin Street Properties Corp 0.0%

Value $47,404 Shares 18,517 Share Price $2.56 Est. Cost/Share $1.85 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPG	Simon Property Group	132,586	$18.91M	8.2%	$142.64 *	$108.79	+18.7%	COM	828806109
AMT	American Tower Corp Class A	84,690	$18.28M	7.9%	$215.88 *	$204.36	-1.3%	COM	03027X100
PLD	Prologis	137,047	$18.27M	7.9%	$133.30 *	$119.93	+3.9%	COM	74340W103
WELL	Welltower	186,605	$16.83M	7.3%	$90.17 *	$72.37	+19.6%	COM	95040Q104
DLR	Digital Realty Trust	121,525	$16.35M	7.1%	$134.58 *	$115.43	+9.7%	COM	253868103
EQIX	Equinix	19,246	$15.5M	6.7%	$805.39 *	$703.72	+9.7%	COM	29444U700
EXR	Extra Space Storage	85,522	$13.71M	5.9%	$160.33 *	$140.54	+4.7%	COM	30225T102
AVB	Avalonbay Communities	55,508	$10.39M	4.5%	$187.22 *	$181.28	-3.6%	COM	053484101
EQR	Equity Residential	138,553	$8.474M	3.7%	$61.16 *	$63.96	-11.8%	SH BEN INT	29476L107
ARE	Alexandria Real Estate Equities	66,188	$8.391M	3.6%	$126.77 *	$140.92	-19.3%	COM	015271109
IRM	Iron Mountain	118,295	$8.278M	3.6%	$69.98 *	$44.43	+47.8%	COM	46284V101
VTR	Ventas	157,731	$7.861M	3.4%	$49.84 *	$43.87	+6.8%	COM	92276F100
SUI	Sun Communities	47,733	$6.38M	2.8%	$133.65	$165.46	—	COM	866674104
ESS	Essex Property Trust	25,284	$6.269M	2.7%	$247.94 *	$195.56	+17.8%	COM	297178105
HST	Host Hotels & Resorts	266,598	$5.191M	2.2%	$19.47 *	$14.34	+22.0%	COM	44107P104
KIM	Kimco Realty Corp	240,448	$5.124M	2.2%	$21.31 *	$18.42	+5.5%	COM	49446R109
ELS	Equity Lifestyle Properties	67,040	$4.729M	2.0%	$70.54	$75.04	—	COM	29472R108
UDR	UDR	120,803	$4.626M	2.0%	$38.29 *	$42.24	-16.8%	COM	902653104
REXR	Rexford Industrial Realty	79,264	$4.447M	1.9%	$56.10	$63.83	—	COM	76169C100
REG	Regency Centers Corp	64,410	$4.315M	1.9%	$67.00 *	$57.59	+7.3%	COM	758849103
BXP	Boston Properties	58,944	$4.136M	1.8%	$70.17 *	$71.90	-12.3%	COM	101121101
DOC	Healthpeak Properties	200,330	$3.967M	1.7%	$19.80 *	$23.38	-25.5%	COM	42250P103
COLD	Americold Realty Trust	108,478	$3.284M	1.4%	$30.27	$30.52	—	COM	03064D108
FRT	Federal Realty Invs Trust	28,736	$2.961M	1.3%	$103.05 *	$95.69	-1.2%	SH BEN INT NEW	313745101
STAG	Stag Industrial	71,695	$2.815M	1.2%	$39.26	$35.17	—	COM	85254J102
VNO	Vornado Realty Trust	64,235	$1.815M	0.8%	$28.25	$28.51	—	SH BEN INT	929042109
KRC	Kilroy Realty Corp	43,337	$1.727M	0.7%	$39.84	$47.07	—	COM	49427F108
MAC	Macerich Co	89,682	$1.384M	0.6%	$15.43	$12.94	—	COM	554382101
HASI	Hannon Armstrong Sustainable Infrastructure Capital	43,594	$1.202M	0.5%	$27.58 *	$31.70	-22.3%	COM	41068X100
DRH	Diamondrock Hospitality Co	87,299	$820K	0.4%	$9.39	$8.81	—	COM	252784301
SHO	Sunstone Hotel Investors	73,375	$787K	0.3%	$10.73	$9.73	—	COM	867892101
RLJ	RLJ Lodging Trust	62,650	$734K	0.3%	$11.72	$11.79	—	COM	74965L101
JBGS	JBG Smith Properties	36,312	$618K	0.3%	$17.01	$20.68	—	COM	46590V100
ALEX	Alexander & Baldwin	30,539	$581K	0.3%	$19.02	$20.99	—	COM	014491104
ESRT	Empire State Realty Trust	52,847	$512K	0.2%	$9.69	$7.83	—	CL A	292104106
—	Hudson Pacific Properties	51,944	$484K	0.2%	$9.31	$14.84	—	COM	444097109
AAT	American Assets Trust	20,869	$470K	0.2%	$22.51	$25.89	—	COM	024013104
VRE	Veris Residential	27,498	$433K	0.2%	$15.73	$16.05	—	COM	554489104
UMH	UMH Properties	23,900	$366K	0.2%	$15.32	$15.48	—	COM	903002103
BDN	Brandywine Realty Trust	67,039	$362K	0.2%	$5.40	$5.23	—	SH BEN INT NEW	105368203
FSP	Franklin Street Properties Corp	18,517	$47,404	0.0%	$2.56	$1.85	—	COM	35471R106