- President Donald Trump’s accounts made at least 46 real estate-related stock trades between June 1 and June 24.
- Bisnow counted 29 real estate stock sales and 17 purchases, with midpoint estimates suggesting about $350K less CRE exposure.
- The White House disclosure lists CoStar Group, SBA Communications, and Vici Properties among the largest real estate stock sales, at $100K to $250K each.
Key Takeaways
Real estate stock trades in President Donald Trump’s accounts skewed toward selling during June. A White House ethics disclosure covered 1,056 trades from June 1 through June 24. At least 46 involved real estate firms, and Bisnow counted 29 sales versus 17 purchases.
Get Smarter about what matters in CRE
Stay ahead of trends in commercial real estate with CRE Daily – the free newsletter delivering everything you need to start your day in just 5-minutes
Real Estate Stock Trades Tilt Toward Sales
The disclosure lists transaction value ranges rather than exact amounts or share counts. Bisnow used range midpoints to estimate a roughly $350K reduction in commercial real estate exposure. Real estate trades represented 5.2% of all disclosed transactions. Across the full portfolio, the accounts recorded 495 stock purchases and 561 sales.
The Details
The largest disclosed real estate stock sales occurred June 18. CoStar Group, SBA Communications, and Vici Properties each had sales valued between $100K and $250K. The accounts also made seven other sales involving those stocks during the reporting period. A CoStar purchase valued between $1K and $15K appeared on June 3. Six real estate trades fell in the $50K to $100K band, including sales of Airbnb and CoStar.
Purchases Span REITs and Other CRE Names
Purchases in the $50K to $100K range included American Tower Corp. and Zillow. PennyMac Mortgage Investment Trust and Prologis also appeared in that band. The disclosure showed two CoreWeave purchases. Other buys included Terreno Realty, Ryman Hospitality, Ares Management, Rocket Cos., and Everus Construction Group. Sales also covered AvalonBay Communities, Lennar, Realty Income Corp., Simon Property Group, Crown Castle, and CBRE.
Multifamily Bonds Also Appear in the Disclosure
The president’s accounts also purchased eight fixed-income multifamily securities around the country. The disclosed band for a Texas A&M University student housing security was $15K to $50K. A Louisiana Housing Corp. note fell in the $500K to $1M range. The source gives no exact transaction values or share counts for these holdings. The disclosure therefore establishes value bands only.
Why It Matters
The June filing provides a detailed view of how the accounts shifted real estate exposure during the reporting window. A separate disclosure showed Trump reported $2.2B in real estate and crypto earnings, highlighting his broader financial interests. The Trump Organization says independent third-party financial institutions manage the investments without input from the president or his family. The disclosure documents portfolio activity, but its value bands limit precision on the exact size of each move.