REAL ESTATE MANAGEMENT SERVICES LLC

CIK

1177018

Location

NAPLES, FL

Portfolio Value

Micro $95,414,435

Diversification

Diversified

Filing Date

Global Rank

#4,768 / 6,777 ▼ 290 · as of Dec 2021

Top Industry

REIT - Retail 30.2%

3Y Alpha vs SPY

-11.3%

Period ended 4 years ago

Filed Jan 13, 2022 · 4y

8 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+29.8%

SPY

+76.5%

Annualised alpha

-11.8%

Max drawdown

−22.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

20 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

9.6%

−0.7 pts

Top 5

42.4%

−0.9 pts

Top 10

71.1%

−1.6 pts

HHI

632

Diversified−34

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Real Estate	100.0%	$95,414,435	20

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
UE	Urban Edge Properties	+14,300	260,700	$4,953,300
PECO	Phillips Edison & Company, Inc.	+1,470	149,282	$4,932,277
CUZ	Cousins Properties Inc	+800	8,400	$338,352
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
IRT	Independence Realty Trust, Inc.	−54,600	146,400	$3,781,512
KW	Kennedy-Wilson Holdings, Inc.	−27,700	382,300	$9,129,324
FOR	Forestar Group Inc.	−27,600	125,902	$2,738,368
UMH	Umh Properties, Inc.	−15,700	263,800	$7,209,654
REG	Regency Centers Corp	−11,500	83,000	$6,254,050
DOC	Healthpeak Properties, Inc.	−9,400	193,900	$6,997,851
CCS	Century Communities, Inc.	−7,300	37,100	$3,034,409
BDN	Brandywine Realty Trust	−6,800	659,700	$8,853,174
BRX	Brixmor Property Group Inc.	−3,600	316,700	$8,047,347
STAG	STAG Industrial, Inc.	−3,400	150,300	$7,208,388
RHP	Ryman Hospitality Properties, Inc.	−2,900	38,900	$3,577,244
VRE	Veris Residential, Inc.	−2,600	198,000	$3,639,240
AVB	Avalonbay Communities Inc	−2,200	11,870	$2,998,243
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
STWD	Starwood Property Trust, Inc.	113,700	$2,762,910
IVT	InvenTrust Properties Corp.	30,800	$839,608
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

20 positions · $95,414,435 total · as of Dec 31, 2021

All sectors Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
KW	Kennedy-Wilson Holdings, Inc. Real Estate	Reduced	382,300	-27,700	$9,129,324	+6.4%	9.57%
BDN	Brandywine Realty Trust Real Estate	Reduced	659,700	-6,800	$8,853,174	−1.0%	9.28%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	316,700	-3,600	$8,047,347	+13.6%	8.43%
UMH	Umh Properties, Inc. Real Estate	Reduced	263,800	-15,700	$7,209,654	+12.6%	7.56%
STAG	STAG Industrial, Inc. Real Estate	Reduced	150,300	-3,400	$7,208,388	+19.5%	7.55%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	193,900	-9,400	$6,997,851	+2.8%	7.33%
REG	Regency Centers Corp Real Estate	Reduced	83,000	-11,500	$6,254,050	−1.7%	6.55%
UE	Urban Edge Properties Real Estate	Added	260,700	+14,300	$4,953,300	+9.8%	5.19%
PECO	Phillips Edison & Company, Inc. Real Estate	Added	149,282	+1,470	$4,932,277	+8.7%	5.17%
VNO	Vornado Realty Trust Real Estate	Held	102,700	0	$4,299,022	−0.4%	4.51%
ALX	Alexanders Inc Real Estate	Held	14,676	0	$3,820,162	−0.1%	4.00%
IRT	Independence Realty Trust, Inc. Real Estate	Reduced	146,400	-54,600	$3,781,512	−7.6%	3.96%
VRE	Veris Residential, Inc. Real Estate	Reduced	198,000	-2,600	$3,639,240	+6.0%	3.81%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Reduced	38,900	-2,900	$3,577,244	+2.2%	3.75%
CCS	Century Communities, Inc. Real Estate	Reduced	37,100	-7,300	$3,034,409	+11.2%	3.18%
AVB	Avalonbay Communities Inc Real Estate	Reduced	11,870	-2,200	$2,998,243	−3.9%	3.14%
STWD	Starwood Property Trust, Inc. Real Estate	NEW	113,700	NEW	$2,762,910	NEW	2.90%
FOR	Forestar Group Inc. Real Estate	Reduced	125,902	-27,600	$2,738,368	−4.2%	2.87%
IVT	InvenTrust Properties Corp. Real Estate	NEW	30,800	NEW	$839,608	NEW	0.88%
CUZ	Cousins Properties Inc Real Estate	Added	8,400	+800	$338,352	+19.4%	0.35%