# EDGAR Filing Document

**Accession Number:** 0001391974
**File Stem:** 0001172661-25-003918
**Filing Date:** 2025-8
**Character Count:** 36372
**Document Hash:** cf1fdfc00b34f90131239dc92f7ae5b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003918.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001172661-25-003918

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GSI Capital Advisors LLC
- **CENTRAL INDEX KEY:** 0001391974

**ORGANIZATION NAME:**
- **EIN:** 611488738
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12448
- **FILM NUMBER:** 251273199

**BUSINESS ADDRESS:**
- **STREET 1:** 23 CORPORATE PLAZA
- **STREET 2:** SUITE 150
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-640-8780

**MAIL ADDRESS:**
- **STREET 1:** 23 CORPORATE PLAZA
- **STREET 2:** SUITE 150
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREEN STREET INVESTORS, LLC
- **DATE OF NAME CHANGE:** 20160428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Green Street Investors, LLC
- **DATE OF NAME CHANGE:** 20070302

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001391974

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** GSI Capital Advisors LLC

**Address:** 23 CORPORATE PLAZA, NEWPORT BEACH, CA 92660

**Telephone number:** 833-734-8474

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-12448

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                          | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                           | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Agree Realty Corporation                | 008492100 | 05/15/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          39974 |                0 | FOR         |                                    39974 | FOR                         |  |
| Agree Realty Corporation                | 008492100 | 05/15/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           9474 |                0 | FOR         |                                     9474 | FOR                         |  |
| American Tower Corporation              | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          20818 |                0 | FOR         |                                    20818 | FOR                         |  |
| American Tower Corporation              | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           4718 |                0 | FOR         |                                     4718 | FOR                         |  |
| Americold Realty Trust                  | 03064D108 | 05/20/2025     | Advisory Vote on Compensation of Named Executive Officers (Say-On-Pay).                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         151585 |                0 | FOR         |                                   151585 | FOR                         |  |
| Americold Realty Trust                  | 03064D108 | 05/20/2025     | Advisory Vote on Compensation of Named Executive Officers (Say-On-Pay).                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          34485 |                0 | FOR         |                                    34485 | FOR                         |  |
| AvalonBay Communities, Inc.             | 053484101 | 05/21/2025     | To adopt a resolution approving, on a non-binding advisory basis, the compensation paid to the Company's Named Executive Officers, as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and any related material disclosed in the proxy statement. | SECTION 14A SAY-ON-PAY VOTES |          31425 |                0 | FOR         |                                    31425 | FOR                         |  |
| AvalonBay Communities, Inc.             | 053484101 | 05/21/2025     | To adopt a resolution approving, on a non-binding advisory basis, the compensation paid to the Company's Named Executive Officers, as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and any related material disclosed in the proxy statement. | SECTION 14A SAY-ON-PAY VOTES |           7125 |                0 | FOR         |                                     7125 | FOR                         |  |
| Cousins Properties Incorporated         | 222795502 | 04/29/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         200036 |                0 | FOR         |                                   200036 | FOR                         |  |
| Cousins Properties Incorporated         | 222795502 | 04/29/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          45436 |                0 | FOR         |                                    45436 | FOR                         |  |
| CubeSmart                               | 229663109 | 05/20/2025     | To cast an advisory vote to approve our executive compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         166292 |                0 | FOR         |                                   166292 | FOR                         |  |
| CubeSmart                               | 229663109 | 05/20/2025     | To cast an advisory vote to approve our executive compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          37692 |                0 | FOR         |                                    37692 | FOR                         |  |
| Digital Realty Trust, Inc.              | 253868103 | 06/06/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers, as more fully described in the accompanying Proxy Statement (Say-on-Pay).                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          43613 |                0 | FOR         |                                    43613 | FOR                         |  |
| Digital Realty Trust, Inc.              | 253868103 | 06/06/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers, as more fully described in the accompanying Proxy Statement (Say-on-Pay).                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          10113 |                0 | FOR         |                                    10113 | FOR                         |  |
| Elme Communities                        | 939653101 | 05/29/2025     | To consider and vote on a non-binding, advisory basis upon the compensation of the named executive officers (say-on-pay)                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         253725 |                0 | FOR         |                                   253725 | FOR                         |  |
| Elme Communities                        | 939653101 | 05/29/2025     | To consider and vote on a non-binding, advisory basis upon the compensation of the named executive officers (say-on-pay)                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          59325 |                0 | FOR         |                                    59325 | FOR                         |  |
| Equinix, Inc.                           | 29444U700 | 05/21/2025     | Approval, by a non-binding advisory vote, of the compensation of our named executive officers                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          19938 |                0 | FOR         |                                    19938 | FOR                         |  |
| Equinix, Inc.                           | 29444U700 | 05/21/2025     | Approval, by a non-binding advisory vote, of the compensation of our named executive officers                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           4561 |                0 | FOR         |                                     4561 | FOR                         |  |
| Equity LifeStyle Properties, Inc.       | 29472R108 | 04/29/2025     | Approval on a non-binding, advisory basis of our executive compensation as disclosed in the Proxy Statement.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          71405 |                0 | FOR         |                                    71405 | FOR                         |  |
| Equity LifeStyle Properties, Inc.       | 29472R108 | 04/29/2025     | Approval on a non-binding, advisory basis of our executive compensation as disclosed in the Proxy Statement.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          16205 |                0 | FOR         |                                    16205 | FOR                         |  |
| Essential Properties Realty Trust, Inc. | 29670E107 | 05/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as more particularly described in the Proxy Statement; and                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         158744 |                0 | FOR         |                                   158744 | FOR                         |  |
| Essential Properties Realty Trust, Inc. | 29670E107 | 05/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as more particularly described in the Proxy Statement; and                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          36944 |                0 | FOR         |                                    36944 | FOR                         |  |
| Essex Property Trust, Inc.              | 297178105 | 05/13/2025     | Advisory vote to approve the Company's named executive officer compensation.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          24795 |                0 | FOR         |                                    24795 | FOR                         |  |
| Essex Property Trust, Inc.              | 297178105 | 05/13/2025     | Advisory vote to approve the Company's named executive officer compensation.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           5595 |                0 | FOR         |                                     5595 | FOR                         |  |
| Federal Realty Investment Trust         | 313745101 | 05/07/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          26453 |                0 | FOR         |                                    26453 | FOR                         |  |
| Federal Realty Investment Trust         | 313745101 | 05/07/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           6053 |                0 | FOR         |                                     6053 | FOR                         |  |
| First Industrial Realty Trust, Inc.     | 32054K103 | 04/30/2025     | To approve, on an advisory (i.e. non-binding) basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement for the 2025 Annual Meeting.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         154003 |                0 | FOR         |                                   154003 | FOR                         |  |
| First Industrial Realty Trust, Inc.     | 32054K103 | 04/30/2025     | To approve, on an advisory (i.e. non-binding) basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement for the 2025 Annual Meeting.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          36703 |                0 | FOR         |                                    36703 | FOR                         |  |
| Healthpeak Properties, Inc.             | 42250P103 | 04/24/2025     | Approval of 2024 executive compensation on an advisory basis.                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         375692 |                0 | FOR         |                                   375692 | FOR                         |  |
| Healthpeak Properties, Inc.             | 42250P103 | 04/24/2025     | Approval of 2024 executive compensation on an advisory basis.                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          85892 |                0 | FOR         |                                    85892 | FOR                         |  |
| Host Hotels  Resorts, Inc.              | 44107P104 | 05/14/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         280660 |                0 | FOR         |                                   280660 | FOR                         |  |
| Host Hotels  Resorts, Inc.              | 44107P104 | 05/14/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          65360 |                0 | FOR         |                                    65360 | FOR                         |  |
| InvenTrust Properties Corp.             | 46124J201 | 05/06/2025     | A proposal to approve, on a non-binding advisory basis, a resolution approving the compensation of our named executive officers ("say-on-pay") as described in our proxy materials.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          86445 |                0 | FOR         |                                    86445 | FOR                         |  |
| InvenTrust Properties Corp.             | 46124J201 | 05/06/2025     | A proposal to approve, on a non-binding advisory basis, a resolution approving the compensation of our named executive officers ("say-on-pay") as described in our proxy materials.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          19945 |                0 | FOR         |                                    19945 | FOR                         |  |
| Invitation Homes Inc.                   | 46187W107 | 05/15/2025     | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         203979 |                0 | FOR         |                                   203979 | FOR                         |  |
| Invitation Homes Inc.                   | 46187W107 | 05/15/2025     | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          47379 |                0 | FOR         |                                    47379 | FOR                         |  |
| Invitation Homes Inc.                   | 46187W107 | 05/15/2025     | To determine, in a non-binding advisory vote, the frequency of stockholder votes to approve executive compensation.                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         203979 |                0 | ONE YEAR    |                                   203979 | FOR                         |  |
| Invitation Homes Inc.                   | 46187W107 | 05/15/2025     | To determine, in a non-binding advisory vote, the frequency of stockholder votes to approve executive compensation.                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          47379 |                0 | ONE YEAR    |                                    47379 | FOR                         |  |
| JBG SMITH Properties                    | 46590V100 | 04/24/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement ("Say-on-Pay").                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         160370 |            40223 | AGAINST     |                                   160370 | AGAINST                     |  |
| JBG SMITH Properties                    | 46590V100 | 04/24/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement ("Say-on-Pay").                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           4470 |            40223 | AGAINST     |                                     4470 | AGAINST                     |  |
| Lineage, Inc.                           | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the compensation of our named executive officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          39107 |                0 | AGAINST     |                                    39107 | AGAINST                     |  |
| Lineage, Inc.                           | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the compensation of our named executive officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           8707 |                0 | AGAINST     |                                     8707 | AGAINST                     |  |
| Lineage, Inc.                           | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          39107 |                0 | ONE YEAR    |                                    39107 | FOR                         |  |
| Lineage, Inc.                           | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           8707 |                0 | ONE YEAR    |                                     8707 | FOR                         |  |
| Omega Healthcare Investors, Inc.        | 681936100 | 06/06/2025     | Approval, on an advisory basis, of executive compensation                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         111594 |                0 | FOR         |                                   111594 | FOR                         |  |
| Omega Healthcare Investors, Inc.        | 681936100 | 06/06/2025     | Approval, on an advisory basis, of executive compensation                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          25394 |                0 | FOR         |                                    25394 | FOR                         |  |
| Prologis, Inc.                          | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         129342 |                0 | FOR         |                                   129342 | FOR                         |  |
| Prologis, Inc.                          | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          30698 |                0 | FOR         |                                    30698 | FOR                         |  |
| Public Storage                          | 74460D109 | 05/07/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          28964 |                0 | FOR         |                                    28964 | FOR                         |  |
| Public Storage                          | 74460D109 | 05/07/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           6664 |                0 | FOR         |                                     6664 | FOR                         |  |
| Realty Income Corporation               | 756109104 | 05/13/2025     | A non-binding advisory proposal to approve the compensation of our named executive officers as described in the Proxy Statement.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         131214 |                0 | FOR         |                                   131214 | FOR                         |  |
| Realty Income Corporation               | 756109104 | 05/13/2025     | A non-binding advisory proposal to approve the compensation of our named executive officers as described in the Proxy Statement.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          29614 |                0 | FOR         |                                    29614 | FOR                         |  |
| Simon Property Group, Inc.              | 828806109 | 05/14/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          45216 |                0 | AGAINST     |                                    45216 | AGAINST                     |  |
| Simon Property Group, Inc.              | 828806109 | 05/14/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          10316 |                0 | AGAINST     |                                    10316 | AGAINST                     |  |
| The Macerich Company                    | 554382101 | 06/02/2025     | Advisory vote to approve our named executive officer compensation as described in our Proxy Statement.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         273545 |                0 | FOR         |                                   273545 | FOR                         |  |
| The Macerich Company                    | 554382101 | 06/02/2025     | Advisory vote to approve our named executive officer compensation as described in our Proxy Statement.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          62945 |                0 | FOR         |                                    62945 | FOR                         |  |
| VICI Properties Inc.                    | 925652109 | 04/29/2025     | To approve (on a non-binding, advisory basis) the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         267731 |                0 | FOR         |                                   267731 | FOR                         |  |
| VICI Properties Inc.                    | 925652109 | 04/29/2025     | To approve (on a non-binding, advisory basis) the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          60453 |                0 | FOR         |                                    60453 | FOR                         |  |
| Welltower Inc.                          | 95040Q104 | 05/22/2025     | The approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          81322 |                0 | FOR         |                                    81322 | FOR                         |  |
| Welltower Inc.                          | 95040Q104 | 05/22/2025     | The approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          18622 |                0 | FOR         |                                    18622 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** GSI Capital Advisors LLC

**By (Signature):** Craig Leupold

**By (Printed Signature):** Craig Leupold

**By (Title):** Chief Compliance Officer

**Date:** 08/28/2025