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Gem Realty Advisors, LLC
Barry Malkin · Asset Manager · Multi-Strategy
GEM Realty Capital is a Chicago-based, strategically integrated real estate investment firm founded in 1994. The institution invests across private and public real estate markets through three primary platforms: GEM Realty Properties, which manages private-market real estate assets; GEM Realty Securities, focused on publicly traded real estate securities; and GEM Realty Tactical Opportunities, which targets non-controlling interests in real asset companies. With a multi-decade track record and over $6 billion in assets under management, the firm employs fundamental research to identify secular trends and market inefficiencies. Its diversified portfolio includes office, residential, hospitality, industrial, and retail properties across the United States, aiming for long-term value creation through various economic and capital market cycles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +8.3% |
| YTD return | +7.0% |
| Sharpe ratio | 2.84 |
| Win rate | 43% |
| AUM | $1.1B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.1B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://gemrc.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AMT | American Tower Corp | 8.6% | -0.7% |
| CTRE | CareTrust REIT Inc. | 8.3% | +2.4% |
| CBRE | CBRE Group Inc Class A | 7.6% | +0.6% |
| AHR | American Healthcare REIT, Inc. | 7.1% | +16.0% |
| CURB | Curbline Properties Corp. | 6.6% | +13.5% |
| CDP | COPT Defense Properties | 6.4% | +11.1% |
| SBAC | SBA Communications Corp | 6.3% | -8.4% |
| REXR | Rexford Industrial Realty Inc | 6.2% | +3.6% |
| RHP | Ryman Hospitality Properties Inc | 4.9% | -5.4% |
| BNL | Broadstone Net Lease Inc | 4.6% | -6.0% |
| NTST | Netstreit Corp | 4.2% | -11.4% |
| EQIX | Equinix Inc | 3.8% | +25.5% |
| OUT | Outfront Media Inc | 3.5% | +39.8% |
| MHO | M/I Homes Inc | 3.5% | -7.8% |
| TNL | Travel + Leisure Co | 3.4% | -11.8% |
| IRT | Independence Realty Trust Inc | 3.3% | -9.8% |
| SKT | Tanger Factory Outlet Centers Inc | 3.2% | -4.9% |
| MTH | Meritage Corporation | 2.9% | -9.9% |
| LINE | Lineage, Inc. Common Stock | 2.8% | -4.5% |
| H | Hyatt Hotels Corporation | 2.8% | -12.3% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | PLD | 8.7% → 0.0% |
| Aug 31, 2026 | SELL | VTR | 5.6% → 0.0% |
| Aug 31, 2026 | BUY | SBAC | 3.5% → 6.3% |
| Aug 31, 2026 | BUY | CURB | 4.8% → 6.6% |
| Aug 31, 2026 | SELL | PRSU | 4.4% → 0.0% |
Investment Style Analysis
Gem Realty Advisors, LLC is widely recognized for employing a Multi-Strategy strategy. As of Sep 18, 2026, the firm oversees approximately $1.1B in assets under management (AUM). The portfolio demonstrates a clear preference for the REIT - Specialty and REIT - Healthcare Facilities sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Gem Realty Advisors, LLC made a significant move by reducing the position in PLD. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The institution employs a fundamentally driven investment process that integrates top-down thematic research with bottom-up asset analysis across both public and private real estate sectors. By maintaining a presence in the four quadrants of real estate—public equity, private equity, public debt, and private debt—the firm aims to identify and capitalize on price dislocations and market inefficiencies. Their strategy focuses on creating diversified portfolios through disciplined risk management and an opportunistic approach to sector selection, targeting long-term capital appreciation and risk-adjusted returns throughout market cycles.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Gem Realty Advisors, LLC.
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Frequently asked questions
How is the simulated portfolio for Gem Realty Advisors, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Gem Realty Advisors, LLC's largest holding?
As of the latest filing, Gem Realty Advisors, LLC's top position is American Tower Corp (AMT), representing 8.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Gem Realty Advisors, LLC's historical performance and risk profile?
Our simulation indicates a total return of +8.3% with a win rate of 43%. Notably, the portfolio maintains a Sharpe Ratio of 2.84, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Gem Realty Advisors, LLC primarily invest in?
Gem Realty Advisors, LLC has a strong preference for the REIT - Specialty sector, which makes up 22.2% of their disclosed assets. The portfolio also has exposure to REIT - Healthcare Facilities, indicating a specific thematic focus.
Is Gem Realty Advisors, LLC's portfolio concentrated or diversified?
Gem Realty Advisors, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 24.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Gem Realty Advisors, LLC performed in 2026?
Our AI-simulated model portfolio for Gem Realty Advisors, LLC tracks a Year-to-Date (YTD) return of +7.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Barry Malkin manage Gem Realty Advisors, LLC directly?
Yes, Barry Malkin serves as the key portfolio manager for Gem Realty Advisors, LLC, overseeing the investment strategy and final capital allocation decisions.