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GRS Advisors, LLC

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13F filer, CIK 1544554, Chicago, IL

GRS Advisors, LLC reported $1,068,351,408 across 31 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 62.26% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-004843

Period
2025-09-30
Reported value
$1.07B
Holdings
31
Top 10 weight
62.26%
New
9
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CCIadded+672,625$64.9M
NCLHnew+1,390,358$34.2M
VNOnew+791,560$32.1M
PRSUnew+787,930$28.5M
TOLnew+205,612$28.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VMRKexited-1,045,798-$70.6M
CCLreduced-1,468,434-$42.5M
VTRreduced-560,541-$39.2M
WPCexited-604,270-$37.7M
ADCexited-386,448-$28.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001172661-25-004843, largest first. % of portfolio is the value over $1,068,351,408, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 622,178 shares; 2025Q3: 1,294,803 shares 1,294,803$125M11.69%+672,625Timeline
MTNVAIL RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 456,649 shares; 2025Q3: 452,114 shares 452,114$67.6M6.33%-4,535Timeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,227 shares; 2025Q3: 655,162 shares 655,162$66.4M6.21%+154,935Timeline
HIWHIGHWOODS PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,046,985 shares; 2024Q4: not reported; 2025Q1: 890,940 shares; 2025Q2: 1,247,470 shares; 2025Q3: 2,046,809 shares 2,046,809$65.1M6.1%+799,339Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,124 shares; 2024Q4: 42,598 shares; 2025Q1: 47,236 shares; 2025Q2: 81,072 shares; 2025Q3: 80,895 shares 80,895$63.4M5.93%-177Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 531,786 shares; 2025Q3: 439,810 shares 439,810$62.4M5.84%-91,976Timeline
AHRAMERICAN HEALTHCARE REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,715,289 shares; 2024Q4: 1,744,252 shares; 2025Q1: 1,275,125 shares; 2025Q2: 1,828,328 shares; 2025Q3: 1,480,722 shares 1,480,722$62.2M5.82%-347,606Timeline
CTRECARETRUST REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,599,922 shares; 2024Q4: 1,599,922 shares; 2025Q1: 1,415,422 shares; 2025Q2: 865,875 shares; 2025Q3: 1,550,583 shares 1,550,583$53.8M5.03%+684,708Timeline
CURBCURBLINE PPTYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,234,702 shares; 2025Q1: 2,510,383 shares; 2025Q2: 2,370,777 shares; 2025Q3: 2,402,558 shares 2,402,558$53.6M5.01%+31,781Timeline
RHPRYMAN HOSPITALITY PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 396,988 shares; 2025Q3: 511,078 shares 511,078$45.8M4.29%+114,090Timeline
OUTOUTFRONT MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,545,582 shares; 2025Q2: 2,188,906 shares; 2025Q3: 2,468,232 shares 2,468,232$45.2M4.23%+279,326Timeline
LINELINEAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,267 shares; 2024Q4: 336,954 shares; 2025Q1: 875,998 shares; 2025Q2: 828,252 shares; 2025Q3: 1,105,351 shares 1,105,351$42.7M4%+277,099Timeline
SKTTANGER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,074,145 shares; 2024Q4: 895,897 shares; 2025Q1: 949,673 shares; 2025Q2: 1,889,097 shares; 2025Q3: 1,178,942 shares 1,178,942$39.9M3.73%-710,155Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,390,358 shares 1,390,358$34.2M3.21%newTimeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 791,560 shares 791,560$32.1M3%newTimeline
PRSUPURSUIT ATTRACTIONS AND HOSPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 787,930 shares 787,930$28.5M2.67%newTimeline
TOLTOLL BROTHERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 205,612 shares 205,612$28.4M2.66%newTimeline
CDPCOPT DEFENSE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 977,264 shares 977,264$28.4M2.66%newTimeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,527 shares; 2024Q4: 34,474 shares; 2025Q1: 588,454 shares; 2025Q2: 246,231 shares; 2025Q3: 133,616 shares 133,616$23.8M2.23%-112,615Timeline
PHMPULTE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 147,637 shares 147,637$19.5M1.83%newTimeline
JLLJONES LANG LASALLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 62,554 shares 62,554$18.7M1.75%newTimeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 116,793 shares 116,793$18.4M1.72%newTimeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,324 shares; 2024Q4: not reported; 2025Q1: 409,379 shares; 2025Q2: 199,202 shares; 2025Q3: 104,375 shares 104,375$18M1.69%-94,827Timeline
CCLCARNIVAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,739,623 shares; 2025Q2: 1,867,620 shares; 2025Q3: 399,186 shares 399,186$11.5M1.08%-1,468,434Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,034 shares; 2024Q4: 625,293 shares; 2025Q1: 36,808 shares; 2025Q2: 597,828 shares; 2025Q3: 37,287 shares 37,287$2.61M0.24%-560,541Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 56,153 shares; 2025Q3: 56,153 shares 56,153$2.28M0.21%0Timeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 77,407 shares 77,407$2.27M0.21%newTimeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 46,885 shares; 2025Q2: 46,885 shares; 2025Q3: 46,885 shares 46,885$2.19M0.2%0Timeline
SBACSBA COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 352,716 shares; 2024Q4: 358,808 shares; 2025Q1: 134,288 shares; 2025Q2: 154,379 shares; 2025Q3: 10,835 shares 10,835$2.09M0.2%-143,544Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 833,572 shares; 2025Q2: 51,016 shares; 2025Q3: 51,016 shares 51,016$1.9M0.18%0Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 602,350 shares; 2024Q4: 370,643 shares; 2025Q1: 5,046 shares; 2025Q2: 5,046 shares; 2025Q3: 5,046 shares 5,046$403K0.04%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VMRKVIVMARK RESIDENTIAL1,045,798$70.6Mshares
WPCWP CAREY INC604,270$37.7Mshares
ADCAGREE RLTY CORP386,448$28.2Mshares
DBRGDIGITALBRIDGE GROUP INC1,816,915$18.8Mshares
MTHMERITAGE HOMES CORP26,236$1.76Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-004843 base2025-11-14acceptance time not in the bulk data set