GRS Advisors, LLC

Chicago, IL · CIK 1544554 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$6.3bn
Staff69 · 28 in investment roles
Main clients (by assets)Private funds 99%, Charities 1%
Private funds15 (3 hedge) · $4.5bn gross assets
Form ADV · 2026-03-27SEC adviser record

Legal entityGRS ADVISORS, LLC (US)

Kindhedge funds, real estate
Others nearbyChicago, IL

As an employer

Offices in1 country
Private fundsreal estate 12, hedge 3

$1.2bn reported value +17.1% vs Q1 2026

27positions

59.7%in top 10

6 new 11 added 8 reduced 11 sold out vs Q1 2026

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	CARETRUST REIT INC COM CTRE	CTRE	2,338,620	$94.4m7.97%	7.97%	Added +1.0m	+1,024,539 78.0%
2	AMERICAN TOWER CORP NEW COM AMT	AMT	543,575	$88.9m7.51%	7.51%	New
3	CBRE GROUP INC CL A CBRE	CBRE	557,676	$75.1m6.34%	6.34%	Added +291.8k	+291,809 109.8%
4	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	1,408,592	$73.5m6.20%	6.20%	Added +387.6k	+387,570 38.0%
5	CURBLINE PPTYS CORP COM CURB	CURB	2,414,069	$73.4m6.20%	6.20%	Added +775.8k	+775,837 47.4%
6	COPT DEFENSE PROPERTIES SHS BEN INT CDP	CDP	1,930,934	$70.3m5.93%	5.93%	Added +280.9k	+280,879 17.0%
7	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	368,869	$65.1m5.50%	5.50%	Added +169.4k	+169,442 85.0%
8	REXFORD INDL RLTY INC COM REXR	REXR	1,849,516	$62.0m5.23%	5.23%	New
9	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	423,830	$54.5m4.60%	4.60%	Added +399.0k	+398,979 1605.5%
10	BROADSTONE NET LEASE INC COM BNL	BNL	2,420,071	$50.0m4.22%	4.22%	Reduced -243.0k	-242,957 -9.1%
11	NETSTREIT CORP COM NTST	NTST	2,292,175	$48.4m4.09%	4.09%	Added +47.9k	+47,868 2.1%
12	OUTFRONT MEDIA INC COM NEW OUT	OUT	1,315,251	$43.1m3.64%	3.64%	Added +24.8k	+24,837 1.9%
13	EQUINIX INC COM EQIX	EQIX	40,415	$42.1m3.56%	3.56%	Reduced -4.3k	-4,262 -9.5%
14	M/I HOMES INC COM MHO	MHO	257,646	$41.4m3.50%	3.50%	New
15	TRAVEL PLUS LEISURE CO COM TNL	TNL	526,334	$40.2m3.40%	3.40%	New
16	MERITAGE HOMES CORP COM MTH	MTH	458,625	$38.5m3.25%	3.25%	Added +436.1k	+436,121 1938.0%
17	INDEPENDENCE RLTY TR INC COM IRT	IRT	2,261,567	$37.7m3.19%	3.19%	New
18	TANGER INC COM SKT	SKT	952,407	$37.6m3.17%	3.17%	Added +261.9k	+261,916 37.9%
19	HYATT HOTELS CORP COM CL A H	H	179,953	$34.9m2.95%	2.95%	Reduced -63.0k	-62,991 -25.9%
20	LINEAGE INC COM LINE	LINE	795,907	$34.4m2.91%	2.91%	Reduced -170.3k	-170,326 -17.6%
21	VIAD CORP COM PRSU	PRSU	439,471	$24.6m2.08%	2.08%	Reduced -470.8k	-470,787 -51.7%
22	HIGHWOODS PPTYS INC COM HIW	HIW	800,694	$24.1m2.04%	2.04%	New
23	WELLTOWER INC COM WELL	WELL	90,543	$20.6m1.74%	1.74%	Reduced -55.0k	-55,038 -37.8%
24	CUBESMART COM CUBE	CUBE	68,014	$2.7m0.23%	0.23%	Reduced -31.2k	-31,196 -31.4%
25	INVITATION HOMES INC COM INVH	INVH	84,578	$2.6m0.22%	0.22%	Unchanged
26	IRON MTN INC DEL COM IRM	IRM	19,231	$2.4m0.21%	0.21%	Unchanged
27	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	15,479	$1.9m0.16%	0.16%	Reduced -671.3k	-671,295 -97.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PROLOGIS INC. PLD	PLD	621,204	$82.1m621.2k shares
WYNDHAM HOTELS & RESORTS INC WH	WH	753,625	$61.2m753.6k shares
VENTAS INC VTR	VTR	624,771	$51.1m624.8k shares
COUSINS PPTYS INC CUZ	CUZ	1,764,460	$39.8m1.8m shares
BLACKSTONE MTG TR INC BXMT	BXMT	1,985,984	$38.0m2.0m shares
REGENCY CTRS CORP REG	REG	475,344	$36.0m475.3k shares
UDR INC UDR	UDR	815,632	$27.6m815.6k shares
JANUS LIVING INC JAN	JAN	212,217	$5.0m212.2k shares
CROWN CASTLE INC CCI	CCI	46,938	$3.8m46.9k shares
VAIL RESORTS INC MTN	MTN	14,977	$1.9m15.0k shares
ROCKET COS INC RKT	RKT	25,034	$356.7k25.0k shares