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Institutional Investment Manager
REAL ESTATE MANAGEMENT SERVICES LLC
REAL ESTATE MANAGEMENT SERVICES LLC (CIK: 0001177018) incorporated in Florida. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 55 holdings with a total value of $602,959,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 HERSHA HOSPITALITY TR 3,726,800 26,199,000 4.35%
2 BRANDYWINE RLTY TR SH BEN INT NEW 1,576,900 25,200,000 4.18%
3 KITE RLTY GROUP TR COM NEW 876,775 25,198,000 4.18%
4 DUKE REALTY CORP 1,246,700 25,183,000 4.18%
5 COLONY CAPITAL 1,046,600 24,930,000 4.13%
6 SUN COMMUNITIES INC COM 390,163 23,589,000 3.91%
7 Hudson Bay Company 1,047,600 22,146,000 3.67%
8 PLUM CREEK TIMBER 481,502 20,603,000 3.42%
9 MID-AM APRTMNT COMM 264,182 19,729,000 3.27%
10 ALEX REAL ESTATE EQ 208,500 18,502,000 3.07%
11 PHYSICIANS RLTY TR 1,107,357 18,382,000 3.05%
12 WCI CMNTYS INC 926,400 18,138,000 3.01%
13 KIMCO REALTY 715,300 17,983,000 2.98%
14 ISTAR INC COM 1,300,000 17,745,000 2.94%
15 VORNADO RLTY TR 145,100 17,080,000 2.83%
16 APARTMENT INVT & MGMT CO 445,400 16,547,000 2.74%
17 AMERICAN HOMES 4 RENT CL A 955,400 16,270,000 2.70%
18 Rexford Industrial Realty Inc 1,028,177 16,153,000 2.68%
19 KENNEDY-WILSON HLDGS INCORPORATED 636,300 16,099,000 2.67%
20 RESOURCE CAP CORP 3,178,961 16,022,000 2.66%
21 Parkway Properties Inc 825,300 15,178,000 2.52%
22 GLIMCHER RLTY TR 1,095,967 15,059,000 2.50%
23 PROLOGIS INC 342,000 14,716,000 2.44%
24 Ramco-Gershenson Properties Tr 772,600 14,479,000 2.40%
25 GENERAL GROWTH PPTYS INC NEW 507,600 14,279,000 2.37%
26 Alexander's Inc 32,275 14,110,000 2.34%
27 LIBERTY PROP 354,400 13,337,000 2.21%
28 FOREST CITY ENTERPRISES A 623,000 13,270,000 2.20%
29 COUSINS PROPERTIES INC 1,136,200 12,976,000 2.15%
30 HYATT HOTELS CORP COM CL A 185,132 11,147,000 1.85%
31 DDR Corp 466,700 8,569,000 1.42%
32 BIOMED REALTY TRUST INC 344,100 7,411,000 1.23%
33 AGREE RLTY CORP COM 221,100 6,874,000 1.14%
34 HEALTHCARE RLTY TR 243,400 6,649,000 1.10%
35 HOME PROPERTIES INC 94,100 6,173,000 1.02%
36 WP CAREY INC COM 74,000 5,187,000 0.86%
37 COLUMBIA PROPERTY TRUST INC COM NEW 177,200 4,492,000 0.74%
38 WASHINGTON REAL ESTATE INVT 131,800 3,645,000 0.60%
39 WINTHROP RLTY TR 206,513 3,220,000 0.53%
40 MACK CALI RLTY CORP 159,500 3,040,000 0.50%
41 RAMCO-GERSHENSON PPTYS TR 26,500 1,774,000 0.29%
42 General Growth Pr A 65,900 1,651,000 0.27%
43 CBL & Associates Pr E 22,962 577,000 0.10%
44 ISHARES TR 6,200 476,000 0.08%
45 Alexandria Real 15,300 396,000 0.07%
46 CA Immobilien Anlagen AG 19,800 371,000 0.06%
47 Soundwill Holdings 232,000 366,000 0.06%
48 VastNed Retail NV 7,800 353,000 0.06%
49 EPR Properties Pr F 10,200 257,000 0.04%
50 CBL & Associates Pr D 9,600 242,000 0.04%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001177018-15-000002, filed 2015.02.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.