Land & Buildings takes new stake in SmartRent, exits Blackstone, Jones Lang LaSalle

Aug. 16, 2022 10:32 AM ETSmartRent, Inc. (SMRT), BX, JLL, WEDHI, RHP, PSA, AVB, LXP, VTR, CZR, OUT, REXRBy: Max Gottlich, SA News Editor

Comparing graphs on a board meeting

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  • Land & Buildings Investment Management has exited its holdings in private equity giant Blackstone (NYSE:BX), real estate services provider Jones Lang LaSalle (NYSE:JLL) and industrial REITs Lexington Realty (LXP) and Rexford (REXR) during Q2, it disclosed in a 13F filing.
  • The company reduced its stakes in D.R. Horton (DHI) to 43.1K shares from 128.3K shares, WeWork (NYSE:WE) to 650K shares from 702.3K shares, Ventas (VTR) to 662.1K shares from 875.7K shares, and AvalonBay Communities (AVB) to 131.7K shares from 135.7K shares.
  • It opened new positions in Caesars Entertainment (CZR), acquiring 182.5K shares and SmartRent (NYSE:SMRT) with 1.57M shares.
  • Boosted stakes in Outfront Media (OUT) to 597.7K shares from 538.9K shares, Public Storage (PSA) to 126.5K shares from 115.5K shares and Ryman Hospitality Properties (RHP) to 323.3K shares from 218.7K shares.
  • During the first quarter, Land & Buildings took new stakes in Alexandria Real Estate, WeWork.

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