HEITMAN REAL ESTATE SECURITIES LLC

Real Assets

HEITMAN REAL ESTATE SECURITIES LLC is a Real Assets based in Chicago, IL led by Charles Pinckney Harbin, reporting $1.9B in AUM as of Q3 2025 with 99% Real Estate concentration and 52% concentrated in top 10 holdings.

Managing PartnerCharles Pinckney Harbin

Portfolio Value: $1.5B
Positions: 56
Top Holding: WELL at 11.91%
Last Reported: Q3 2025

Address110 North Wacker Drive, Suite 4000, Chicago, IL, 60606-1615, United States

Top Holdings

Largest long holdings in HEITMAN REAL ESTATE SECURITIES LLC's portfolio (51.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Welltower WELL	REIT - Healthcare Facilities Real Estate	$174.3M	11.91%	-$5.7M Sold	0.15% 978.6K shares	≤ Q2 2013 Held for 12y 5m+
2 Prologis PLD	REIT - Industrial Real Estate	$151.4M	10.35%	+$28.3M Bought	0.14% 1.3M shares	≤ Q2 2013 Held for 12y 5m+
3 Equinix, Inc. EQIX	REIT - Specialty Real Estate	$110.0M	7.52%	+$1.7M Bought	0.14% 140.5K shares	Q1 2015 Held for 10y 8m
4 Simon Property Group SPG	REIT - Retail Real Estate	$57.8M	3.95%	-$15.8M Sold	0.09% 308.1K shares	≤ Q2 2013 Held for 12y 5m+
5 Digital Realty DLR	REIT - Office Real Estate	$49.7M	3.40%	-$10.8M Sold	0.08% 287.8K shares	Q4 2021 Held for 3y 11m
6 Iron Mountain IRM	REIT - Specialty Real Estate	$48.4M	3.30%	+$1.1M Bought	0.16% 474.4K shares	Q3 2023 Held for 2y 2m
7 Essex Property Trust ESS	REIT - Residential Real Estate	$44.1M	3.01%	-$6.4M Sold	0.26% 164.6K shares	Q2 2015 Held for 10y 5m
8 AvalonBay Communities AVB	REIT - Residential Real Estate	$42.7M	2.92%	+$42.3M Bought	0.16% 221.0K shares	≤ Q2 2013 Held for 12y 5m+
9 Realty Income O	REIT - Retail Real Estate	$41.6M	2.84%	+$5.7M Bought	0.07% 684.6K shares	Q3 2019 Held for 6y 2m
10 Extra Space Storage EXR	REIT - Industrial Real Estate	$39.3M	2.69%	-$19.2M Sold	0.13% 279.0K shares	Q1 2023 Held for 2y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in HEITMAN REAL ESTATE SECURITIES LLC's latest filing

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Market Value

$1.5B

Prior: $1.4B

Q/Q Change

+3.76%

+$53.0M

Net Flows % of MV

-13.87%

Turnover Ratio

26.12%

New Purchases

2 stocks

$9.8M

Added To

24 stocks

+$169.2M

Sold Out Of

11 stocks

$178.3M

Reduced Holdings

17 stocks

-$203.6M

Increased Positions

Position	Shares Δ	Change
1 Curbline Properties CURB	New	0 → 221.1K +$4.9M
2 AD Advo AD	New	0 → 97.3K +$4.9M
3 AvalonBay Communities AVB	+12,047.99%	1.8K → 221.0K +$42.3M
4 Healthpeak Properties DOC	+4,697.76%	21.1K → 1.0M +$19.0M
5 Crown Castle CCI	+91.91%	91.6K → 175.9K +$8.1M

Decreased Positions

Position	Shares Δ	Change
1 American Homes 4 Rent AMH	Sold	1.2M → 0 −$42.8M
2 Equity Lifestyle Properties ELS	Sold	567.9K → 0 −$35.0M
3 Essential Properties Realty Trust EPRT	Sold	791.6K → 0 −$25.3M
4 Sabra Healthcare SBRA	Sold	1.2M → 0 −$22.8M
5 Urban Edge Properties UE	Sold	688.0K → 0 −$12.8M