Real Estate Management Services Group, LLC was founded in 1997 to offer specialized real estate analysis and personalized portfolios of real estate securities to institutional clients. It pursues investment opportunities in Real Estate Operating Companies and Real Estate Investment Trusts (REITS) that are traded publicly. Glimcher Realty Trust (NYSE:GRT), Hersha Hospitality (NYSE:HT) and Brandywine Realty Trust (NYSE:BDN) are its primary stock holdings, according to its most recent SEC 13F filing of 10th October, 2014, covering the period until September 30, 2014.
Glimcher Realty Trust (NYSE:GRT) was the primary investment of Real Estate Management Services with investment worth $22.091 million at the end of the third quarter. The Ohio based real estate investment trust is specialized in development and management of shopping centers and regional malls. In September this year, Washington Prime Group, a member of Simon Property Group, announced to have come into a deal to acquire Glimcher Realty Trust (NYSE:GRT). The two companies will merge to form WP Glimcher when the deal reaches completion early next year. The company owns GM Olathe LLC, Glimcher Development Corp, JG Elizabeth, among others.
Hersha Hospitality (NYSE:HT) was the second largest investment of Real Estate Management Services with total investment worth $22.090 million at the end of the third quarter. Hersha Hospitality has invested in hospitality sector owning and operating a total of 52 hotels located in Boston, New York, Washington DC, Philadelphia and Miami. Marriott International, Hyatt Hotels, Hilton Hotels, Wyndham Hotel Group are some of the property brands where it has huge stakes.
Brandywine Realty Trust (NYSE:BDN) came in the third position as the investment of Real Estate Management Services with total investment worth 20.8 million. The USA based real estate company provides asset management, development/construction, investment services, property management, marketing and leasing services to clients and other property owners. Brandywine Realty Trust (NYSE:HT) owns Prentiss Properties Trust, Cira Centre and Bell Atlantic Tower which was acquired in 2010. It’s also the minority owner of Commerce Square located on Market Street.
This article has been written by Victor Ochieng.
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