Land & Buildings Investment Management is a real estate-focused investment firm founded by Jonathan Litt. Mr. Litt, who founded the fund in 2008, has more than 25 years of experience in the industry. The REIT industry has been under pressure from activist hedge funds to enact more shareholder reforms. Since 2008, the Land and Buildings Capital Growth Fund has returned 6.39 percent on a compound annual basis. The fund’s performance has been extremely volatile in recent years, with a drop of nearly 25% in 2018.
Insider Monkey checks out the top 10 real estate stocks to buy according to Land & Buildings Investment Management. For the first time in nearly six years, hedge funds own a larger percentage of Jones Lang LaSalle Inc. First Industrial Realty Trust, Inc. is one of Land & Buildings Investment Management’s 11 largest holdings during Q3 of this year, the fund sold about 54% of its stake in FR, but it continues to be invested in the company. As the third-largest US apartment owner, AvalonBay Communities Inc. is a publicly traded company. As of the second quarter of 2021, AVB stock was up 33%. The year 2022 is expected to be a great year for apartment REITs as a whole. Ventas, Inc. is owned by Land & Buildings Investment Management, which amassed a stake worth $32.88 million as of September 30th. Also, a nice 3.38 percent dividend is paid out by the healthcare real estate REIT. Hedge fund ownership of Public Storage surged to an eight-year high in the third quarter of this year, according to Land & Buildings Investment Management. With Citi predicting a 10% to 15% gain in the REIT sector in 2022, we can expect a strong year for all REITs. For more details, click Top 10 Real Estate Stocks To Buy According To Land & Buildings Investment Management.