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Land & Buildings Investment Management LLC added five new positions to its investment portfolio in the first quarter and increased its share count in eight of its existing positions, according to the activist investor's recent investor filing.
New portfolio additions
Industrial real estate investment trust Rexford Industrial Realty Inc. marked the largest new initiation by market value, at $25.7 million at quarter-end, the firm's 10th largest holding by market value.
Land & Buildings also bought into office REIT Alexandria Real Estate Equities Inc. and hotel REIT Ryman Hospitality Properties Inc. during the quarter, with stakes valued at $22.7 million and $20.3 million, respectively.
Rounding out the...