Centersquare Investment Management Q3 2026 Portfolio Changes: Focus on Healthcare REITs

Centersquare Investment Management Llc (CIM) has released its investment activity report for the third quarter of 2026. This filing provides insights into the firm's portfolio adjustments during this period.

The data reveals substantial activity focused on Real Estate holdings. CIM appears to have strategically increased its exposure in certain subsectors while reducing positions in others, reflecting a dynamic approach within their real estate-focused investment strategy.

Significant Purchases This Quarter

In the third quarter of 2026, Centersquare Investment Management demonstrated notable buying activity. The firm significantly increased its stake in American Healthcare REIT Inc (AHR), raising portfolio allocation to approximately 1.87%. This was accompanied by substantial purchases of shares in other healthcare-focused companies, including a nearly tenfold increase for Kilroy Realty Corporation (KRC) and additions to positions like CareTrust REIT Inc (CTRE).

The investor's portfolio percentage allocation for SUI and LTC, mentioned in the "significant_buy_symbols", also increased substantially, indicating confidence or strategic interest in these healthcare real estate trusts.

Strategic Sales and Reductions

Conversely, Centersquare Investment Management reduced its positions significantly during Q3 2026. The firm divested from several holdings that showed large decreases in allocation or were completely exited.

Prominent among these exits is Omega Healthcare Investors Inc (OHI), where the stake was drastically reduced by 79.58%, leaving a mere 0.25% allocation in the portfolio. Similarly, positions in Piedmont Office Realty Trust I (PDM) and Cubesmart (CUBE) were significantly trimmed, with reductions of 55.82% and 59.14%, respectively.

Other notable sales included the complete exit from Healthcare Realty Trust Inc (HR) and Sunstone Hotel Investors Inc (SHO). Additionally, the firm sold shares in Macerich Company (MAC) and Equity Lifestyle Properties (ELS), although the latter still retains a small allocation of 0.38%.

Maintaining Real Estate Dominance

The overall portfolio structure remains heavily concentrated in Real Estate, with this sector accounting for approximately 99.93% of the total value as of June 30th, 2026. This indicates that despite these changes, CIM continues to maintain its core investment focus.

While there were substantial purchases and sales within the Real Estate sector during Q3 2026, the firm also held onto a significant number of positions unchanged from prior periods. These stable holdings include major players like Welltower Inc (WELL), Equinix Inc (EQIX), Prologis Trust (PLD), Digital Realty Trust Inc (DLR), and Simon Property Group Inc (SPG). The portfolio's total value stood at $11.47 billion as of the reporting date.

No Activity in Other Sectors

According to the filing, there was no activity reported by Centersquare Investment Management Llc in sectors other than Real Estate during this quarter. The portfolio's allocation breakdown shows minimal exposure outside REITs, with Consumer Cyclical and Technology sectors holding negligible value ($7.74 million combined), while Utilities saw zero change.