GRS Advisors, LLC

All holdings · as of Dec 31, 2025

Company	Class	Value	Shares	% of portfolio
Equinix Inc	—	$80.48M	105,044	7.2%
OUTFRONT Media Inc.OUT	REIT	$79.21M	3,286,607	7.1%
WYNDHAM HOTELS & RESORTS, INC.	—	$68.47M	906,144	6.1%
Ryman Hospitality Properties Inc	—	$68.04M	719,104	6.1%
Crown Castle Inc	—	$61.59M	693,012	5.5%
CareTrust REIT, Inc.	—	$59.98M	1,658,698	5.4%
American Healthcare REIT, Inc.	—	$54.79M	1,164,327	4.9%
Lineage, Inc.LINE	REIT	$53.03M	1,515,244	4.8%
SBA Communications Corp	—	$51.12M	264,256	4.6%
REGENCY CENTERS CORP	—	$47.92M	694,169	4.3%
DigitalBridge Group, Inc.	—	$39.45M	2,571,868	3.5%
CAMDEN PROPERTY TRUST	—	$38.04M	345,599	3.4%
CURBLINE PROPERTIES CORP	—	$37.13M	1,599,883	3.3%
Pursuit Attractions & Hospitality, Inc.	—	$36.37M	1,079,979	3.3%
FEDERAL REALTY INVESTMENT TRUST	—	$34.77M	344,990	3.1%
Meritage Homes CORP	—	$33.87M	514,743	3.0%
MACERICH CO	—	$33.19M	1,797,730	3.0%
UDR, Inc.	—	$32.88M	896,430	2.9%
Norwegian Cruise Line Holdings Ltd.	—	$31.58M	1,415,073	2.8%
COPT DEFENSE PROPERTIES	—	$28.98M	1,042,348	2.6%
VORNADO REALTY TRUST	—	$28.24M	848,689	2.5%
Welltower, Inc.	—	$27.06M	145,803	2.4%
HIGHWOODS PROPERTIES, INC.	—	$25.34M	981,523	2.3%
Rocket Companies, Inc.	—	$23.60M	1,219,127	2.1%
TANGER INC.	—	$23.19M	694,827	2.1%
Ventas, Inc.	—	$2.89M	37,287	0.3%
Digital Realty Trust Inc	—	$2.49M	16,064	0.2%
Invitation Homes Inc.	—	$2.35M	84,578	0.2%
Gaming and Leisure Properties Inc	—	$2.10M	46,885	0.2%
CUBESMART	—	$2.02M	56,153	0.2%
VAIL RESORTS INC	—	$1.99M	14,977	0.2%
Jones Lang LaSalle Inc	—	$1.32M	3,926	0.1%
CBRE Group Inc	—	$1.18M	7,329	0.1%