UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
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:
American Assets Capital Advisers, LLC
Address:
3430 CARMEL MOUNTAIN ROAD
SUITE 150
SAN DIEGO, CA 92121
Form 13F File Number:
028-16374

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:
Julie Schwartz
Title:
Vice President and General Counsel
Phone:
858-345-1477


Signature, Place, and Date of Signing:

Julie Schwartz
                         [Signature]
San Diego, CALIFORNIA
                 [City, State]
02-07-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
1
Form 13F Information table Entry Total:
65
Form 13F Information table Value Total:
412790828
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

No.Form 13F File NumberNameCIK
1
028-15753
Altegris Advisors, LLC
 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
PROLOGIS INC.COM74340W10315,560,235138,031SHOTR1138,031 0 0
PROLOGIS INC.COM74340W10315,525,043137,719SHSOLE0137,719 0 0
REXFORD INDL RLTY INCCOM76169C10013,890,526254,219SHOTR1254,219 0 0
AMERICAN TOWER CORP NEWCOM03027X10013,171,54862,171SHSOLE062,171 0 0
AMERICAN TOWER CORP NEWCOM03027X10012,424,53058,645SHOTR158,645 0 0
ALEXANDRIA REAL ESTATE EQ INCOM01527110911,728,18380,512SHSOLE080,512 0 0
SUN CMNTYS INCCOM86667410411,365,64079,480SHOTR179,480 0 0
REXFORD INDL RLTY INCCOM76169C10011,358,782207,884SHSOLE0207,884 0 0
ALEXANDRIA REAL ESTATE EQ INCOM01527110911,140,40576,477SHOTR176,477 0 0
EQUINIX INCCOM29444U70011,014,32916,815SHOTR116,815 0 0
AMERICAN HOMES 4 RENTCL A02665T30610,228,310339,360SHOTR1339,360 0 0
CROWN CASTLE INCCOM22822V10110,020,81273,878SHOTR173,878 0 0
DIGITALBRIDGE GROUP INCCL A NEW25401T6039,812,174896,908SHOTR1896,908 0 0
SBA COMMUNICATIONS CORP NEWCL A78410G1049,637,33834,381SHOTR134,381 0 0
EQUINIX INCCOM29444U7009,072,16613,850SHSOLE013,850 0 0
INVITATION HOMES INCCOM46187W1078,941,440301,668SHOTR1301,668 0 0
FTAI AVIATION LTDSHSG3730V1058,603,810502,559SHOTR1502,559 0 0
SUN CMNTYS INCCOM8666741048,308,30058,100SHSOLE058,100 0 0
AMERICAN HOMES 4 RENTCL A02665T3068,213,662272,517SHSOLE0272,517 0 0
DIGITALBRIDGE GROUP INCCL A NEW25401T6038,186,741748,331SHSOLE0748,331 0 0
LIFE STORAGE INCCOM53223X1077,649,80677,663SHSOLE077,663 0 0
MGM RESORTS INTERNATIONALCOM5529531017,611,008226,991SHOTR1226,991 0 0
INVITATION HOMES INCCOM46187W1077,575,865255,596SHSOLE0255,596 0 0
CAESARS ENTERTAINMENT INC NECOM12769G1007,465,786179,466SHOTR1179,466 0 0
LIFE STORAGE INCCOM53223X1076,774,23968,774SHOTR168,774 0 0
TERRENO RLTY CORPCOM88146M1016,725,674118,264SHOTR1118,264 0 0
DIGITAL RLTY TR INCCOM2538681036,716,48666,984SHOTR166,984 0 0
NATIONAL STORAGE AFFILIATESCOM SHS BEN IN6378701066,465,516179,001SHSOLE0179,001 0 0
SBA COMMUNICATIONS CORP NEWCL A78410G1046,422,18222,911SHSOLE022,911 0 0
FTAI AVIATION LTDSHSG3730V1056,346,179370,688SHSOLE0370,688 0 0
CROWN CASTLE INCCOM22822V1016,169,45045,484SHSOLE045,484 0 0
CAESARS ENTERTAINMENT INC NECOM12769G1005,786,810139,106SHSOLE0139,106 0 0
VICI PPTYS INCCOM9256521095,717,045176,452SHOTR1176,452 0 0
AIRBNB INCCOM CL A0090661015,355,89162,642SHOTR162,642 0 0
INNOVATIVE INDL PPTYS INCCOM45781V1015,198,14051,289SHOTR151,289 0 0
TERRENO RLTY CORPCOM88146M1015,159,47490,724SHSOLE090,724 0 0
DIGITAL RLTY TR INCCOM2538681035,080,48050,668SHSOLE050,668 0 0
EXTRA SPACE STORAGE INCCOM30225T1024,977,62833,820SHSOLE033,820 0 0
WEWORK INCCL A96209A1044,691,2853,280,619SHOTR13,280,619 0 0
MGM RESORTS INTERNATIONALCOM5529531014,627,878138,022SHSOLE0138,022 0 0
FTAI INFRASTRUCTURE INCCOMMON STOCK35953C1064,603,2951,560,439SHOTR11,560,439 0 0
NATIONAL STORAGE AFFILIATESCOM SHS BEN IN6378701064,557,874126,187SHOTR1126,187 0 0
EXTRA SPACE STORAGE INCCOM30225T1024,549,48130,911SHOTR130,911 0 0
EQUITY LIFESTYLE PPTYS INCCOM29472R1084,494,48069,574SHOTR169,574 0 0
VICI PPTYS INCCOM9256521094,482,637138,353SHSOLE0138,353 0 0
FTAI INFRASTRUCTURE INCCOMMON STOCK35953C1064,210,3111,427,224SHSOLE01,427,224 0 0
AVALONBAY CMNTYS INCCOM0534841013,695,57822,880SHSOLE022,880 0 0
AVALONBAY CMNTYS INCCOM0534841013,639,85322,535SHOTR122,535 0 0
AIRBNB INCCOM CL A0090661013,457,96240,444SHSOLE040,444 0 0
EQUITY LIFESTYLE PPTYS INCCOM29472R1083,266,82250,570SHSOLE050,570 0 0
WEWORK INCCL A96209A1042,910,3952,035,241SHSOLE02,035,241 0 0
HEALTHPEAK PROPERTIES INCCOM42250P1032,805,132111,892SHOTR1111,892 0 0
CADIZ INCCOM NEW1275372072,713,0401,085,216SHOTR11,085,216 0 0
CAMDEN PPTY TRSH BEN INT1331311022,432,38321,741SHOTR121,741 0 0
CAMDEN PPTY TRSH BEN INT1331311022,419,06921,622SHSOLE021,622 0 0
MID-AMER APT CMNTYS INCCOM59522J1032,415,91915,389SHOTR115,389 0 0
UDR INCCOM9026531042,415,04862,356SHOTR162,356 0 0
MID-AMER APT CMNTYS INCCOM59522J1032,387,97515,211SHSOLE015,211 0 0
HEALTHPEAK PROPERTIES INCCOM42250P1032,233,76289,101SHSOLE089,101 0 0
UDR INCCOM9026531041,985,18451,257SHSOLE051,257 0 0
COSTAR GROUP INCCOM22160N1091,792,89623,200SHSOLE023,200 0 0
INNOVATIVE INDL PPTYS INCCOM45781V1011,537,48015,170SHSOLE015,170 0 0
CADIZ INCCOM NEW1275372071,132,758453,103SHSOLE0453,103 0 0
BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A11275Q107972,30624,995SHSOLE024,995 0 0
BROOKFIELD RENEWABLE CORPCL A SUB VTG11284V105958,39234,800SHSOLE034,800 0 0