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Vert Asset Management LLC

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13F filer, CIK 1904664, SAUSALITO, CA

Vert Asset Management LLC reported $297,395,075 across 45 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-29. Its ten largest share positions make up 63.57% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001904664-25-000007

Period
2025-09-30
Reported value
$297M
Holdings
45
Top 10 weight
63.57%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EQIXadded+3,623$2.84M
AMTadded+9,872$1.9M
SPGadded+5,580$1.05M
PLDadded+8,662$992K
VMRKadded+13,454$871K

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

None.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001904664-25-000007, largest first. % of portfolio is the value over $297,395,075, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180,451 shares; 2024Q4: 180,750 shares; 2025Q1: 139,486 shares; 2025Q2: 133,425 shares; 2025Q3: 137,765 shares 137,765$24.5M8.25%+4,340Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,615 shares; 2024Q4: 125,398 shares; 2025Q1: 123,422 shares; 2025Q2: 123,237 shares; 2025Q3: 128,817 shares 128,817$24.2M8.13%+5,580Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,278 shares; 2024Q4: 127,560 shares; 2025Q1: 139,469 shares; 2025Q2: 126,304 shares; 2025Q3: 131,283 shares 131,283$22.7M7.63%+4,979Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 162,871 shares; 2024Q4: 182,621 shares; 2025Q1: 173,075 shares; 2025Q2: 184,251 shares; 2025Q3: 192,913 shares 192,913$22.1M7.43%+8,662Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,319 shares; 2024Q4: 23,709 shares; 2025Q1: 24,459 shares; 2025Q2: 23,621 shares; 2025Q3: 27,244 shares 27,244$21.3M7.18%+3,623Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,860 shares; 2024Q4: 102,371 shares; 2025Q1: 99,864 shares; 2025Q2: 93,250 shares; 2025Q3: 103,122 shares 103,122$19.8M6.67%+9,872Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,614 shares; 2024Q4: 181,249 shares; 2025Q1: 198,184 shares; 2025Q2: 196,887 shares; 2025Q3: 206,992 shares 206,992$14.5M4.87%+10,105Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,937 shares; 2024Q4: 129,266 shares; 2025Q1: 136,046 shares; 2025Q2: 129,482 shares; 2025Q3: 134,581 shares 134,581$13.7M4.61%+5,099Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,563 shares; 2024Q4: 93,473 shares; 2025Q1: 99,270 shares; 2025Q2: 93,400 shares; 2025Q3: 96,921 shares 96,921$13.7M4.59%+3,521Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,111 shares; 2024Q4: 63,461 shares; 2025Q1: 66,660 shares; 2025Q2: 62,841 shares; 2025Q3: 64,766 shares 64,766$12.5M4.21%+1,925Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,773 shares; 2024Q4: 150,245 shares; 2025Q1: 158,633 shares; 2025Q2: 146,194 shares; 2025Q3: 159,648 shares 159,648$10.3M3.47%+13,454Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,001 shares; 2024Q4: 28,367 shares; 2025Q1: 29,940 shares; 2025Q2: 28,406 shares; 2025Q3: 29,412 shares 29,412$7.87M2.65%+1,006Timeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,875 shares; 2024Q4: 51,374 shares; 2025Q1: 53,988 shares; 2025Q2: 50,831 shares; 2025Q3: 53,063 shares 53,063$7.41M2.49%+2,232Timeline
KIMKIMCO REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,790 shares; 2024Q4: 297,807 shares; 2025Q1: 315,773 shares; 2025Q2: 299,794 shares; 2025Q3: 306,704 shares 306,704$6.7M2.25%+6,910Timeline
DOCHEALTHPEAK PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,758 shares; 2024Q4: 304,219 shares; 2025Q1: 325,143 shares; 2025Q2: 297,762 shares; 2025Q3: 318,587 shares 318,587$6.1M2.05%+20,825Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,010 shares; 2024Q4: 69,445 shares; 2025Q1: 72,361 shares; 2025Q2: 67,747 shares; 2025Q3: 70,266 shares 70,266$5.86M1.97%+2,519Timeline
REGREGENCY CTRS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,677 shares; 2024Q4: 74,157 shares; 2025Q1: 79,528 shares; 2025Q2: 76,009 shares; 2025Q3: 78,365 shares 78,365$5.71M1.92%+2,356Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,983 shares; 2024Q4: 137,862 shares; 2025Q1: 146,679 shares; 2025Q2: 137,778 shares; 2025Q3: 142,085 shares 142,085$5.29M1.78%+4,307Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 282,768 shares; 2024Q4: 309,446 shares; 2025Q1: 329,108 shares; 2025Q2: 310,272 shares; 2025Q3: 310,332 shares 310,332$5.28M1.78%+60Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,261 shares; 2024Q4: 65,910 shares; 2025Q1: 69,968 shares; 2025Q2: 66,627 shares; 2025Q3: 67,975 shares 67,975$5.05M1.7%+1,348Timeline
ELSEQUITY LIFESTYLE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,424 shares; 2024Q4: 79,516 shares; 2025Q1: 84,780 shares; 2025Q2: 80,165 shares; 2025Q3: 83,091 shares 83,091$5.04M1.7%+2,926Timeline
REXRREXFORD INDL RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,579 shares; 2024Q4: 97,967 shares; 2025Q1: 105,484 shares; 2025Q2: 103,389 shares; 2025Q3: 106,830 shares 106,830$4.39M1.48%+3,441Timeline
BRXBRIXMOR PPTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,534 shares; 2024Q4: 132,159 shares; 2025Q1: 141,157 shares; 2025Q2: 133,136 shares; 2025Q3: 141,312 shares 141,312$3.91M1.32%+8,176Timeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,407 shares; 2024Q4: 33,024 shares; 2025Q1: 35,429 shares; 2025Q2: 34,253 shares; 2025Q3: 37,048 shares 37,048$3.75M1.26%+2,795Timeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,282 shares; 2024Q4: 70,508 shares; 2025Q1: 71,740 shares; 2025Q2: 67,435 shares; 2025Q3: 72,583 shares 72,583$2.94M0.99%+5,148Timeline
STAGSTAG INDUSTRIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,568 shares; 2024Q4: 79,516 shares; 2025Q1: 85,121 shares; 2025Q2: 78,294 shares; 2025Q3: 82,927 shares 82,927$2.93M0.98%+4,633Timeline
CUZCOUSINS 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: 68,664 shares; 2025Q2: 70,882 shares; 2025Q3: 77,110 shares 77,110$2.23M0.75%+6,228Timeline
KRCKILROY REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,581 shares; 2024Q4: 46,000 shares; 2025Q1: 47,060 shares; 2025Q2: 47,166 shares; 2025Q3: 52,181 shares 52,181$2.2M0.74%+5,015Timeline
MACMACERICH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,258 shares; 2024Q4: 101,486 shares; 2025Q1: 112,971 shares; 2025Q2: 108,157 shares; 2025Q3: 116,417 shares 116,417$2.12M0.71%+8,260Timeline
PECOPHILLIPS EDISON & CO 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: 54,045 shares; 2025Q2: 52,737 shares; 2025Q3: 58,128 shares 58,128$2M0.67%+5,391Timeline
SLGSL GREEN RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,909 shares; 2024Q4: 29,976 shares; 2025Q1: 30,572 shares; 2025Q2: 28,906 shares; 2025Q3: 31,295 shares 31,295$1.87M0.63%+2,389Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 111,967 shares; 2024Q4: 116,360 shares; 2025Q1: 123,235 shares; 2025Q2: 124,482 shares; 2025Q3: 127,779 shares 127,779$1.56M0.53%+3,297Timeline
LXPLXP INDUSTRIAL TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 120,140 shares; 2024Q4: 130,062 shares; 2025Q1: 147,919 shares; 2025Q2: 133,569 shares; 2025Q3: 144,068 shares 144,068$1.29M0.43%+10,499Timeline
UEURBAN EDGE PPTYSQuarterly 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: 54,200 shares; 2025Q2: 50,276 shares; 2025Q3: 51,963 shares 51,963$1.06M0.36%+1,687Timeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,841 shares; 2024Q4: 82,570 shares; 2025Q1: 88,930 shares; 2025Q2: 85,474 shares; 2025Q3: 94,629 shares 94,629$753K0.25%+9,155Timeline
JBGSJBG SMITH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,650 shares; 2024Q4: 31,650 shares; 2025Q1: 31,650 shares; 2025Q2: 31,074 shares; 2025Q3: 31,074 shares 31,074$691K0.23%0Timeline
ALEXALEXANDER & BALDWIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 24,144 shares; 2025Q1: 33,864 shares; 2025Q2: 32,880 shares; 2025Q3: 32,880 shares 32,880$598K0.2%0Timeline
VREVERIS RESIDENTIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,690 shares; 2024Q4: 36,688 shares; 2025Q1: 36,688 shares; 2025Q2: 36,256 shares; 2025Q3: 37,318 shares 37,318$567K0.19%+1,062Timeline
UMHUMH PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,598 shares; 2024Q4: 31,268 shares; 2025Q1: 37,318 shares; 2025Q2: 34,594 shares; 2025Q3: 35,683 shares 35,683$530K0.18%+1,089Timeline
RLJRLJ LODGING TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,012 shares; 2024Q4: 60,726 shares; 2025Q1: 74,557 shares; 2025Q2: 67,864 shares; 2025Q3: 67,864 shares 67,864$489K0.16%0Timeline
ESRTEMPIRE ST RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,349 shares; 2024Q4: 55,749 shares; 2025Q1: 55,749 shares; 2025Q2: 56,073 shares; 2025Q3: 56,073 shares 56,073$430K0.14%0Timeline
AATAMERICAN ASSETS TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,869 shares; 2024Q4: 20,869 shares; 2025Q1: 20,869 shares; 2025Q2: 20,869 shares; 2025Q3: 20,869 shares 20,869$424K0.14%0Timeline
CSRCENTERSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,709 shares; 2024Q4: 6,004 shares; 2025Q1: 6,004 shares; 2025Q2: 6,376 shares; 2025Q3: 6,812 shares 6,812$401K0.13%+436Timeline
BDNBRANDYWINE RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,296 shares; 2024Q4: 66,296 shares; 2025Q1: 66,296 shares; 2025Q2: 66,296 shares; 2025Q3: 66,296 shares 66,296$276K0.09%0Timeline
HPPHUDSON PAC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,698 shares; 2024Q4: 36,698 shares; 2025Q1: 36,698 shares; 2025Q2: 36,698 shares; 2025Q3: 90,954 shares 90,954$251K0.08%+54,256Timeline

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 0001904664-25-000007 base2025-10-29acceptance time not in the bulk data set