Lasalle Investment Expands Real Estate Portfolio Across REITs in Q1, Buying BXP, ADC, AVB, COLD; Sells Realty Income
Lasalle Investment Management Securities LLC made notable moves across several REITs in the latest quarter: it reduced Realty Income by 81%, selling about 600,415 shares to hold 140,705 shares valued at roughly $8.6 million. It simultaneously boosted its position in BXP Inc. by 98.5%, adding 241,644 shares to own 487,084 shares worth about $25.28 million. The firm also increased its stake in Agree Realty Corporation by 6.7%, ending the period with 719,719 shares worth about $54.25 million. In AvalonBay Communities, Lasalle raised its holdings by 3.6%, holding 344,766 shares valued at around $56.32 million. It further expanded exposure to Americold Realty Trust by 2.3%, owning 6,962,583 shares valued at approximately $79.79 million. Overall, the moves reflect a pattern of incremental buying across several large REITs, with Realty Income representing a rare significant sale for the firm.