CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC

RADNOR, PA · CIK 1033984 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1995 · limited liability company

Assets managed$10.8bn
Staff60 · 30 in investment roles
Main clients (by assets)Mutual funds and ETFs 35%, State and local governments 22%, Private funds 21%
Websitecbreim.com
Form ADV · 2026-03-30SEC adviser record

Legal entityCBRE Investment Management Listed Real Assets LLC (US)
Part of CBRE Group, Inc. (US)

Kindhedge funds, real estate, mutual funds, institutions, FCA fund manager
Others nearbyNew York, NY, London, Wayne, PA, Singapore, Shanghai, Los Angeles, CA
FamilyCBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC · 5 related pages

As an employer

UK employer size1000 to 4999
Offices in4 countries

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Radnor, PA (main office)United States	United States	about 21
Sydney Nsw 2000Australia	Australia	4
LondonUnited Kingdom	United Kingdom	3
TokyoJapan	Japan	2

In the UK

FCA-authorised companies1
Manages investmentsyes
Runs fundsyes
Retail clientsno, professional only

4 UK companies in the group; those with staff figures, a pay gap report, FCA authorisation or fund management as their business are listed.

Company	Town	Staff	Pay gap report	FCA register
CBRE LIMITED Private Limited Company	London		1000 to 4999
CBRE INVESTMENT MANAGEMENT INDIRECT LIMITED Private Limited CompanyFCA: Authorised · manages investments, manages AIFs, advises, deals	London			Authorisedmanages investments, manages AIFs, advises, deals

Gender pay gap report	Size	Hourly gap	Bonus gap	Women in top quarter of pay
CBRE LIMITED2025	1000 to 4999	24.4%	60.7%	27%

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$7.2bn reported value +6.5% vs Q1 2026

101positions

38.2%in top 10

10 new 41 added 40 reduced 5 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

New York Life Investment Management LLC – files its own report too; $281.5m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WELLTOWER INC COM WELL	WELL	2,843,632	$645.4m8.98%	8.98%	Reduced -163.2k	-163,201 -5.4%
2	EQUINIX INC COM EQIX	EQIX	453,306	$472.5m6.58%	6.58%	Reduced -75.3k	-75,328 -14.2%
3	PROLOGIS INC. COM PLD	PLD	1,806,673	$244.7m3.41%	3.41%	Reduced -377.2k	-377,218 -17.3%
4	AMERICAN TOWER CORP NEW COM AMT	AMT	1,458,711	$238.6m3.32%	3.32%	Added +348.5k	+348,484 31.4%
5	XCEL ENERGY INC COM XEL	XEL	2,692,983	$216.2m3.01%	3.01%	Added +95.3k	+95,262 3.7%
6	AMERICAN ELEC PWR CO INC COM AEP	AEP	1,554,554	$212.7m2.96%	2.96%	Added +803.0k	+803,003 106.8%
7	PPL CORP COM PPL	PPL	5,283,738	$192.1m2.67%	2.67%	Added +664.1k	+664,061 14.4%
8	UDR INC COM UDR	UDR	4,581,042	$182.9m2.55%	2.55%	Added +2.0m	+2,045,036 80.6%
9	ATMOS ENERGY CORP COM ATO	ATO	999,550	$172.2m2.40%	2.40%	Added +241.6k	+241,597 31.9%
10	BRIXMOR PPTY GROUP INC COM BRX	BRX	5,329,837	$168.0m2.34%	2.34%	Added +414.1k	+414,110 8.4%
11	EASTGROUP PPTYS INC COM EGP	EGP	819,322	$165.9m2.31%	2.31%	Added +27.9k	+27,904 3.5%
12	EVERGY INC COM EVRG	EVRG	1,777,469	$153.6m2.14%	2.14%	Added +387.8k	+387,827 27.9%
13	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	2,155,307	$146.4m2.04%	2.04%	Added +603.8k	+603,781 38.9%
14	VENTAS INC COM VTR	VTR	1,627,271	$144.5m2.01%	2.01%	Reduced -262.8k	-262,756 -13.9%
15	SOUTHERN CO COM SO	SO	1,496,314	$143.2m1.99%	1.99%	Added +751.2k	+751,187 100.8%
16	IRON MTN INC DEL COM IRM	IRM	1,072,881	$135.5m1.89%	1.89%	Reduced -165.0k	-165,034 -13.3%
17	VICI PPTYS INC COM VICI	VICI	5,101,362	$135.4m1.89%	1.89%	Reduced -245.2k	-245,189 -4.6%
18	CUBESMART COM CUBE	CUBE	3,359,278	$133.6m1.86%	1.86%	Added +265.0k	+264,987 8.6%
19	WILLIAMS COS INC COM WMB	WMB	1,760,590	$130.9m1.82%	1.82%	Added +1.7m	+1,744,263 10683.3%
20	REGENCY CTRS CORP COM REG	REG	1,636,814	$130.5m1.82%	1.82%	Added +371.5k	+371,457 29.4%
21	SIMON PPTY GROUP INC NEW COM SPG	SPG	546,521	$122.2m1.70%	1.70%	Reduced -663.1k	-663,064 -54.8%
22	PG&E CORP COM PCG	PCG	7,091,740	$119.3m1.66%	1.66%	Added +256.6k	+256,618 3.8%
23	AMERICAN HOMES 4 RENT CL A AMH	AMH	3,533,744	$118.5m1.65%	1.65%	Added +282.3k	+282,314 8.7%
24	WEC ENERGY GROUP INC COM WEC	WEC	1,003,363	$117.2m1.63%	1.63%	Reduced -372.7k	-372,688 -27.1%
25	CONSTELLATION ENERGY CORP COM CEG	CEG	467,440	$116.1m1.62%	1.62%	Added +52.4k	+52,402 12.6%
26	FIRST INDL RLTY TR INC COM FR	FR	1,679,978	$103.0m1.43%	1.43%	Reduced -548.6k	-548,598 -24.6%
27	STAG INDL INC COM STAG	STAG	2,640,424	$100.5m1.40%	1.40%	Reduced -530.2k	-530,195 -16.7%
28	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	1,199,814	$97.4m1.36%	1.36%	Reduced -1.0m	-1,001,342 -45.5%
29	SUN CMNTYS INC COM SUI	SUI	767,879	$92.1m1.28%	1.28%	Added +231.1k	+231,133 43.1%
30	OGE ENERGY CORP COM OGE	OGE	1,794,001	$87.3m1.22%	1.22%	Reduced -21.1k	-21,117 -1.2%
31	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	2,842,370	$84.8m1.18%	1.18%	Added +639.0k	+639,024 29.0%
32	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	1,614,014	$84.2m1.17%	1.17%	Added +356.0k	+355,973 28.3%
33	CAMDEN PPTY TR SH BEN INT CPT	CPT	733,484	$84.0m1.17%	1.17%	Reduced -37.7k	-37,674 -4.9%
34	TARGA RES CORP COM TRGP	TRGP	313,028	$83.9m1.17%	1.17%	Reduced -22.9k	-22,885 -6.8%
35	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	624,149	$80.2m1.12%	1.12%	New
36	ONEOK INC NEW COM OKE	OKE	889,145	$77.3m1.08%	1.08%	Added +596.3k	+596,345 203.7%
37	CHENIERE ENERGY INC COM NEW LNG	LNG	284,701	$68.0m0.95%	0.95%	Reduced -225.0k	-224,989 -44.1%
38	GAMING & LEISURE PPTYS INC COM GLPI	GLPI	1,448,826	$64.5m0.90%	0.90%	Reduced -23.7k	-23,726 -1.6%
39	DIGITAL RLTY TR INC COM DLR	DLR	315,098	$56.6m0.79%	0.79%	Reduced -129.0k	-129,008 -29.1%
40	UNION PAC CORP COM UNP	UNP	201,852	$54.9m0.76%	0.76%	Added +65.9k	+65,852 48.4%
41	COUSINS PPTYS INC COM NEW CUZ	CUZ	1,636,218	$49.1m0.68%	0.68%	Added +426.3k	+426,303 35.2%
42	VORNADO RLTY TR SH BEN INT VNO	VNO	1,243,508	$48.9m0.68%	0.68%	Reduced -164.8k	-164,781 -11.7%
43	REALTY INCOME CORP COM O	O	758,362	$47.0m0.65%	0.65%	Reduced -594.4k	-594,418 -43.9%
44	CMS ENERGY CORP COM CMS	CMS	595,592	$45.6m0.63%	0.63%	Reduced -737.1k	-737,150 -55.3%
45	GETTY RLTY CORP NEW COM GTY	GTY	1,343,959	$44.8m0.62%	0.62%	Reduced -26.0k	-26,029 -1.9%
46	EXTRA SPACE STORAGE INC COM EXR	EXR	306,536	$44.5m0.62%	0.62%	Added +111.6k	+111,574 57.2%
47	PUBLIC STORAGE COM PSA	PSA	137,017	$43.6m0.61%	0.61%	Reduced -82.3k	-82,267 -37.5%
48	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	351,830	$43.4m0.60%	0.60%	Added +176.9k	+176,948 101.2%
49	JANUS LIVING INC CL A-1 JAN	JAN	1,475,823	$42.4m0.59%	0.59%	Added +947.9k	+947,883 179.5%
50	BLACKSTONE DIGITAL INFRASTRU COMMON STOCK BXDC	BXDC	1,931,832	$41.8m0.58%	0.58%	New
51	AMERICOLD REALTY TRUST INC COM COLD	COLD	2,416,480	$38.0m0.53%	0.53%	Added +1.8m	+1,816,083 302.5%
52	TANGER INC COM SKT	SKT	960,182	$37.9m0.53%	0.53%	Added +170.8k	+170,801 21.6%
53	ONE GAS INC COM OGS	OGS	483,805	$37.3m0.52%	0.52%	Added +112.5k	+112,471 30.3%
54	CHESAPEAKE UTILS CORP COM CPK	CPK	289,803	$35.5m0.49%	0.49%	Added +33.0k	+32,987 12.8%
55	HEALTHPEAK PROPERTIES INC COM DOC	DOC	1,447,136	$31.0m0.43%	0.43%	Reduced -1.1m	-1,096,073 -43.1%
56	SUNSTONE HOTEL INVS INC NEW COM SHO	SHO	2,648,664	$30.3m0.42%	0.42%	Reduced -1.3m	-1,313,040 -33.1%
57	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	91,607	$30.3m0.42%	0.42%	Added +8.8k	+8,811 10.6%
58	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	227,666	$30.0m0.42%	0.42%	Added +26.5k	+26,476 13.2%
59	AVALONBAY CMNTYS INC COM AVB	AVB	155,268	$29.3m0.41%	0.41%	Added +11.4k	+11,394 7.9%
60	ENTERGY CORP NEW COM ETR	ETR	254,243	$29.2m0.41%	0.41%	Reduced -977.7k	-977,722 -79.4%
61	CROWN CASTLE INC COM CCI	CCI	376,589	$28.5m0.40%	0.40%	Reduced -185.5k	-185,460 -33.0%
62	DOMINION ENERGY INC COM D	D	369,494	$25.2m0.35%	0.35%	Unchanged
63	MACERICH CO COM MAC	MAC	994,586	$25.1m0.35%	0.35%	New
64	OMEGA HEALTHCARE INVS INC COM OHI	OHI	518,884	$24.7m0.34%	0.34%	Reduced -1.2m	-1,241,498 -70.5%
65	INVENTRUST PPTYS CORP COM NEW IVT	IVT	687,891	$24.4m0.34%	0.34%	New
66	WP CAREY INC COM WPC	WPC	339,978	$24.3m0.34%	0.34%	New
67	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	341,635	$22.0m0.31%	0.31%	Added +48.9k	+48,919 16.7%
68	ESSEX PPTY TR INC COM ESS	ESS	70,478	$20.6m0.29%	0.29%	Added +9.8k	+9,793 16.1%
69	REXFORD INDL RLTY INC COM REXR	REXR	591,151	$19.8m0.28%	0.28%	Reduced -14.1k	-14,063 -2.3%
70	INVITATION HOMES INC COM INVH	INVH	648,788	$19.6m0.27%	0.27%	Added +213.3k	+213,350 49.0%
71	MID-AMER APT CMNTYS INC COM MAA	MAA	129,588	$18.0m0.25%	0.25%	Added +26	+26 0.0%
72	INDEPENDENCE RLTY TR INC COM IRT	IRT	791,922	$13.2m0.18%	0.18%	Reduced -76.9k	-76,926 -8.8%
73	EPR PPTYS COM SH BEN INT EPR	EPR	217,783	$12.6m0.18%	0.18%	Added +31.3k	+31,264 16.8%
74	HOST HOTELS & RESORTS INC COM HST	HST	475,268	$11.3m0.16%	0.16%	Reduced -406.3k	-406,312 -46.1%
75	BXP INC COM BXP	BXP	159,546	$10.6m0.15%	0.15%	Reduced -330.6k	-330,646 -67.5%
76	ESSENTIAL UTILS INC COM WTRG	WTRG	274,998	$10.5m0.15%	0.15%	Reduced -26.6k	-26,611 -8.8%
77	PEBBLEBROOK HOTEL TR 6.3 CUM PFD SR F PEB 6.3 PERP F	PEB 6.3 PERP F	541,950	$10.5m0.15%	0.15%	Unchanged
78	BROADSTONE NET LEASE INC COM BNL	BNL	489,275	$10.1m0.14%	0.14%	Reduced -181.0k	-181,043 -27.0%
79	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	178,107	$9.4m0.13%	0.13%	Unchanged
80	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	794,852	$9.4m0.13%	0.13%	Unchanged
81	CENTERSPACE COM CSR	CSR	156,684	$8.8m0.12%	0.12%	Reduced -74.8k	-74,778 -32.3%
82	PEBBLEBROOK HOTEL TR 6.375 PFD SER E PEB 6.375 PERP E	PEB 6.375 PERP E	383,644	$7.5m0.10%	0.10%	Unchanged
83	LINEAGE INC COM LINE	LINE	171,316	$7.4m0.10%	0.10%	Unchanged
84	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	778,322	$7.1m0.10%	0.10%	Added +16.2k	+16,201 2.1%
85	AES CORP COM AES	AES	417,193	$6.1m0.09%	0.09%	Reduced -4.0m	-3,981,868 -90.5%
86	NETSTREIT CORP COM NTST	NTST	271,274	$5.7m0.08%	0.08%	Unchanged
87	NATIONAL HEALTHCARE PPTYS IN COM CLASS A COM CLASS A		381,121	$5.6m0.08%	0.08%	New
88	KILROY RLTY CORP COM KRC	KRC	137,040	$5.1m0.07%	0.07%	New
89	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	24,384	$4.3m0.06%	0.06%	Unchanged
90	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	687,840	$3.7m0.05%	0.05%	Unchanged
91	ALLIANT ENERGY CORP COM LNT	LNT	46,629	$3.6m0.05%	0.05%	New
92	AMEREN CORP COM AEE	AEE	30,698	$3.5m0.05%	0.05%	Added +23.4k	+23,419 321.7%
93	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	50,000	$1.8m0.03%	0.03%	Reduced -260.5k	-260,500 -83.9%
94	URBAN EDGE PPTYS COM UE	UE	75,242	$1.7m0.02%	0.02%	New
95	NEXTERA ENERGY INC COM NEE	NEE	18,524	$1.6m0.02%	0.02%	Reduced -13.1k	-13,068 -41.4%
96	WEYERHAEUSER CO MTN BE COM NEW WY	WY	60,100	$1.4m0.02%	0.02%	Unchanged
97	CLEARWAY ENERGY INC CL C CWEN	CWEN	26,014	$889.2k0.01%	0.01%	New
98	MARRIOTT INTL INC NEW CL A MAR	MAR	1,973	$731.2k0.01%	0.01%	Reduced -819	-819 -29.3%
99	NORFOLK SOUTHN CORP COM NSC	NSC	2,310	$726.7k0.01%	0.01%	Reduced -58	-58 -2.5%
100	CENTERPOINT ENERGY INC COM CNP	CNP	7,252	$319.4k0.00%	0.00%	Reduced -137	-137 -1.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CALIFORNIA WTR SVC GROUP CWT	CWT	647,515	$29.4m647.5k shares
LAMAR ADVERTISING CO NEW LAMR	LAMR	125,028	$15.8m125.0k shares
CURBLINE PPTYS CORP CURB	CURB	139,113	$3.6m139.1k shares
COPT DEFENSE PROPERTIES CDP	CDP	107,503	$3.3m107.5k shares
LXP INDUSTRIAL TRUST LXP	LXP	51,192	$2.4m51.2k shares