-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, US3HkwBHiPscBo7T35cmfYt9XfDr8pGFb//npGfaLwy9eENU8nJGK1WlbOtOjBOe DL7jSW9GuRkvKVo5ZL+exQ== 0001172661-08-000841.txt : 20081114 0001172661-08-000841.hdr.sgml : 20081114 20081114102007 ACCESSION NUMBER: 0001172661-08-000841 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081114 DATE AS OF CHANGE: 20081114 EFFECTIVENESS DATE: 20081114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEM REALTY ADVISORS, LLC CENTRAL INDEX KEY: 0001283672 IRS NUMBER: 364212050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10863 FILM NUMBER: 081187652 BUSINESS ADDRESS: STREET 1: 900 N MICHIGAN AVE STREET 2: STE 1450 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3129152900 MAIL ADDRESS: STREET 1: 900 N MICHIGAN AVE STREET 2: STE 1450 CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: GEM VALUE PARTNERS LLC DATE OF NAME CHANGE: 20040315 13F-HR 1 gem3q08.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GEM Realty Advisors, L.L.C Address: 900 N. Michigan Avenue Suite 1450 Chicago, IL 60611 13F File Number: 28-10863 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael A. Elrad Title: Vice President Phone: (312) 915 - 2864 Signature, Place, and Date of Signing: /s/ Michael A. Elrad Chicago, IL/USA November 14, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 20 Form13F Information Table Value Total: $536,329 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ANNALY CAP MGMT INC COM 035710409 12428 924000 SH SOLE 924000 0 0 BOSTON PROPERTIES INC COM 101121101 32800 350200 SH SOLE 350200 0 0 ESSEX PPTY TR INC COM 297178105 39215 331400 SH SOLE 331400 0 0 GAYLORD ENTMT CO NEW COM 367905106 5586 190200 SH SOLE 190200 0 0 LENNAR CORP CL A 526057104 65129 4287600 SH SOLE 4287600 0 0 M D C HLDGS INC COM 552676108 3110 85000 SH SOLE 85000 0 0 MACERICH CO COM 554382101 59201 930100 SH SOLE 930100 0 0 MARRIOTT INTL INC NEW CL A 571903202 82199 3150600 SH SOLE 3150600 0 0 MFA MTG INVTS INC COM 55272X102 20977 3227300 SH SOLE 3227300 0 0 POST PPTYS INC COM 737464107 1054 37700 SH SOLE 37700 0 0 REGENCY CTRS CORP COM 758849103 35159 527200 SH SOLE 527200 0 0 RYLAND GROUP INC COM 783764103 24178 911700 SH SOLE 911700 0 0 SBA COMMUNICATIONS CORP COM 78388J106 48064 1857900 SH SOLE 1857900 0 0 SENIOR HSG PPTYS TR SH BEN INT 81721M109 9909 415800 SH SOLE 415800 0 0 SIMON PPTY GROUP INC NEW COM 828806109 20292 209200 SH SOLE 209200 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 25360 901200 SH SOLE 901200 0 0 SUNSTONE HOTEL INVS INC NEW COM 867892101 3680 272600 SH SOLE 272600 0 0 TOLL BROTHERS INC COM 889478103 29088 1152900 SH SOLE 1152900 0 0 VENTAS INC COM 92276F100 2866 58000 SH SOLE 58000 0 0 VORNADO RLTY TR SH BEN INT 929042109 16034 176300 SH SOLE 176300 0 0
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