Waterfall Asset Management Invests $6.39M in American Assets Trust

Real estate investment firm takes major stake in commercial property REIT

Published on Mar. 2, 2026

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Waterfall Asset Management LLC, a financial investment firm, has acquired a new position in American Assets Trust, Inc. (NYSE: AAT), a real estate investment trust (REIT) that owns and manages a diverse portfolio of commercial properties. Waterfall purchased 314,643 shares of AAT stock, valued at approximately $6.39 million, making it the fourth-largest holding in Waterfall's portfolio.

Why it matters

This investment by Waterfall Asset Management signals confidence in American Assets Trust's commercial real estate assets and growth potential. As a major institutional investor, Waterfall's stake could influence the REIT's strategic direction and shareholder value going forward.

The details

According to a recent SEC filing, Waterfall Asset Management acquired the 314,643 shares of AAT stock in the third quarter of the year. This represents a 0.51% ownership stake in American Assets Trust. The REIT owns and operates a diverse portfolio of retail, office, multifamily and hotel properties, primarily located on the West Coast.

  • Waterfall Asset Management purchased the AAT shares in the 3rd quarter of 2026.

The players

Waterfall Asset Management LLC

A financial investment firm that has now taken a major stake in American Assets Trust, Inc.

American Assets Trust, Inc.

A real estate investment trust that owns and manages a diverse portfolio of commercial properties, primarily located on the West Coast.

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The takeaway

Waterfall Asset Management's substantial investment in American Assets Trust signals confidence in the REIT's commercial real estate portfolio and growth prospects. This could lead to increased institutional interest and influence over the company's strategic direction going forward.