Software Real Estate Sector

Clipper Realty

Market Cap: US$157.1m

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

Pacific Oak Strategic Opportunity REIT

Market Cap: US$142.4m

Pacific Oak Strategic Opportunity REIT, Inc.

Residential Secure Income

Market Cap: UK£103.2m

Residential Secure Income plc (ReSI or the Company) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.

US Masters Residential Property Fund

Market Cap: AU$203.1m

US Masters Residential Property Fund (Fund) was established in 2011 and is listed on the Australian Securities Exchange (URF.ASX).

Lightstone Value Plus REIT V

Market Cap: US$128.3m

Lightstone Value Plus REIT V, Inc. is elected as a real estate investment trust for United States federal income tax purposes.

Bluerock Homes Trust

Market Cap: US$121.0m

Bluerock Homes Trust, Inc. (the “Company”) was incorporated in Maryland on December 16, 2021.

Schroder European Real Estate Investment Trust

Market Cap: UK£83.8m

SEREIT invests in European growth cities and regions.

Orion Properties

Market Cap: US$113.2m

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S.

First Real Estate Investment Trust of New Jersey

Market Cap: US$104.6m

First Real Estate Investment Trust of New Jersey, Inc.

Home Reit

Market Cap: UK£75.3m

Home REIT plc (the “Company”) is a closed-ended investment company, incorporated in England and Wales on 19 August 2020 and is registered as a public company limited by shares underthe Companies Act 2006 with registered number 12822709.

Maxus Realty Trust

Market Cap: US$102.2m

Maxus Realty Trust, Inc. (the Trust), is structured as what is commonly referred to as an umbrella partnership REIT, or UPREIT, structure.

Aims Property Securities Fund

Market Cap: AU$142.5m

A close-ended fund of funds launched by MacArthurCook Ltd.

True North Commercial Real Estate Investment Trust

Market Cap: CA$129.1m

An unincorporated, open-ended real estate investment trust.

Franklin Street Properties

Market Cap: US$92.9m

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S.

New Zealand Rural Land

Market Cap: NZ$155.6m

Invests in rural farmland and forestry land in New Zealand.

Canadian Net Real Estate Investment Trust

Market Cap: CA$124.6m

Canadian Net is an active Trust operating in the Canadian commercial real estate market.

Alternative Income REIT

Market Cap: UK£61.7m

Alternative Income REIT PLC aims to generate a secure and predictable income return, sustainable in real terms, whilst at least maintaining capital values, in real terms, through investment in a diversified portfolio of UK properties, predominantly within alternative and specialist sectors.

Real Estate Investors

Market Cap: UK£55.1m

A publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

Lightstone Value Plus REIT I

Market Cap: US$73.6m

Lightstone Value Plus REIT I, Inc. has elected to be taxed and qualify as a real estate investment trust for United States federal income tax purposes.

Town Centre Securities

Market Cap: UK£51.8m

Town Centre Securities PLC has a high quality portfolio around the UK comprising over 2.5m sq ft of prime commercial, residential, car parking, office, leisure & retail accommodation.

Lightstone Value Plus REIT II

Market Cap: US$61.9m

Lightstone Value Plus REIT II, Inc. (“Lightstone REIT II”), is a Maryland corporation formed on April 28, 2008, which elected to qualify as a real estate investment trust (“REIT”) for United States (the “U.S.”) federal income tax purposes beginning with the taxable year ended December 31, 2009.

360 Capital REIT

Market Cap: AU$88.7m

360 Capital REIT has a demonstrated track record of consistent quarterly distributions, through a selective and disciplined investment philosophy, combined with access to real estate investment opportunities available to TOT through the 360 Capital Group, the manager of the Fund.

Global Self Storage

Market Cap: US$57.4m

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties.

Palace Capital

Market Cap: UK£41.9m

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector.

Starwood Real Estate Income Trust

Market Cap: US$51.2m

Primarily focuses on investing in commercial real estate and debt secured by commercial real estate in the United States and internationally.

Northview Residential REIT

Market Cap: CA$65.2m

A real estate investment trust amended and restated most recently on August 21, 2023.

Sotherly Hotels

Market Cap: US$45.5m

A self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States.

Asset Plus

Market Cap: NZ$72.5m

NPT Limited operates as a property company.

Australian Unity Office Fund

Market Cap: AU$62.5m

The Australian Unity Office Fund (AOF) is an ASX-listed Real Estate Investment Trust (REIT).

Strategic Student & Senior Housing Trust

Market Cap: US$34.4m

Strategic Student and Senior Housing Trust, Inc.

Ground Rents Income Fund

Market Cap: UK£23.0m

Ground Rents Income Fund plc is a closed-ended real estate investment trust, listed on The International Stock Exchange and traded on the SETSqx platform of the London Stock Exchange.

Lightstone Value Plus REIT III

Market Cap: US$29.3m

Lightstone Value Plus REIT III, Inc. (“Lightstone REIT III”) is a Maryland corporation, formed on October 5, 2012, which elected to qualify as a real estate investment trust (“REIT”) for United States (the “U.S.”) federal income tax purposes beginning with the taxable year ended December 31, 2015.

Ashford Hospitality Trust

Market Cap: US$27.6m

A real estate investment trust.

Medalist Diversified REIT

Market Cap: US$26.7m

Medalist Diversified Real Estate Investment Trust, Inc.

Inovalis Real Estate Investment Trust

Market Cap: CA$35.0m

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada.

Firm Capital Apartment Real Estate Investment Trust

Market Cap: CA$34.2m

A U.S.