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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 (2015Q1)
Portfolio Summary: 59 holdings with a total value of $592,868,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 COLONY CAPITAL 1,001,800 25,967,000 4.38%
2 BRANDYWINE RLTY TR SH BEN INT NEW 1,522,200 24,325,000 4.10%
3 MID-AM APRTMNT COMM 313,582 24,230,000 4.09%
4 PLUM CREEK TIMBER 530,902 23,067,000 3.89%
5 HERSHA HOSPITALITY TR 3,440,600 22,261,000 3.75%
6 KITE RLTY GROUP TR COM NEW 749,975 21,127,000 3.56%
7 HUDSONS BAY CO NEW 995,200 20,602,000 3.47%
8 WCI CMNTYS INC 842,991 20,189,000 3.41%
9 ISTAR INC COM 1,510,800 19,640,000 3.31%
10 DUKE REALTY CORP 888,900 19,351,000 3.26%
11 FELCOR LODGING TR INC COM 1,657,537 19,045,000 3.21%
12 PHYSICIANS RLTY TR 1,060,400 18,673,000 3.15%
13 KENNEDY-WILSON HLDGS INCORPORATED 709,742 18,553,000 3.13%
14 APARTMENT INVT & MGMT CO 454,000 17,869,000 3.01%
15 RESOURCE CAP CORP 3,907,884 17,742,000 2.99%
16 ALEX REAL ESTATE EQ 178,900 17,539,000 2.96%
17 FOREST CITY ENTERPRISES A 684,400 17,466,000 2.95%
18 VORNADO RLTY TR 154,900 17,349,000 2.93%
19 LIBERTY PROP 482,900 17,240,000 2.91%
20 KIMCO REALTY 637,800 17,125,000 2.89%
21 Rexford Industrial Realty Inc 1,062,917 16,805,000 2.83%
22 HYATT HOTELS CORP COM CL A 260,000 15,397,000 2.60%
23 GENERAL GROWTH PPTYS INC NEW 507,600 15,000,000 2.53%
24 PROLOGIS INC 339,500 14,789,000 2.49%
25 SUN COMMUNITIES INC COM 209,600 13,985,000 2.36%
26 Alexander's Inc 30,045 13,718,000 2.31%
27 MACK CALI RLTY CORP 707,000 13,631,000 2.30%
28 Ramco-Gershenson Properties Tr 541,600 10,074,000 1.70%
29 COUSINS PROPERTIES INC 837,900 8,882,000 1.50%
30 DDR Corp 466,700 8,690,000 1.47%
31 AMERICAN HOMES 4 RENT CL A 471,900 7,810,000 1.32%
32 BIOMED REALTY TRUST INC 307,700 6,972,000 1.18%
33 URBAN EDGE PPTYS COM 290,641 6,888,000 1.16%
34 AGREE RLTY CORP COM 182,500 6,017,000 1.01%
35 COLUMBIA PROPERTY TRUST INC COM NEW 200,600 5,420,000 0.91%
36 HEALTHCARE RLTY TR 178,200 4,951,000 0.84%
37 WP CAREY INC COM 64,000 4,352,000 0.73%
38 EMPIRE STATE 225,400 4,240,000 0.72%
39 HOME PROPERTIES INC 58,900 4,081,000 0.69%
40 WASHINGTON REAL ESTATE INVT 142,700 3,943,000 0.67%
41 RAMCO-GERSHENSON PPTYS TR 17,700 1,187,000 0.20%
42 General Growth Pr A 34,300 875,000 0.15%
43 Global Logistics Properties 258,800 500,000 0.08%
44 ISHARES TR 6,200 492,000 0.08%
45 DIC Asset AG 47,200 473,000 0.08%
46 Kennedy Wilson Europe R.E. Plc 27,000 440,000 0.07%
47 Alexandria Real 15,300 396,000 0.07%
48 VastNed Retail NV 7,800 382,000 0.06%
49 Soundwill Holdings 232,000 379,000 0.06%
50 CBL & Associates Pr E 13,400 340,000 0.06%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001177018-15-000003, filed 2015.04.24).

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.