The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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: 12-31-2021
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: EII CAPITAL MANAGEMENT, INC.
Address: 135 EAST 57TH STREET
8TH FLOOR
NEW YORK , NY10022
Form 13F File Number: 028-03872

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: Christian Lange
Title: Chief Compliance Officer
Phone: 212-735-9500
Signature, Place, and Date of Signing:
/s/ Christian Lange New York , NY 01-11-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 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: 0
Form 13F Information Table Entry Total: 16
Form 13F Information Table Value Total: 774
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

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 Number Name


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE Stock 015271109 90 403 SH SOLE 0 0 403
AMERICAN FINANCE TRUST 7.375 PFD C Preferred 02607T505 48 1,800 SH SOLE 0 0 1,800
ARBOR REALTY TRUST INC CUM CONV 6.25 PFD E Preferred 038923868 51 2,000 SH SOLE 0 0 2,000
ARMADA HOFFLER PROPERTIES INC 6.75 CUM PFD A Preferred 04208T207 35 1,285 SH SOLE 0 0 1,285
CENTERSPACE 6.625 PREFERRED C Preferred 15202L206 47 1,800 SH SOLE 0 0 1,800
DIGITALBRIDGE GROUP INC 7.15 PFD I Preferred 25401T405 52 2,000 SH SOLE 0 0 2,000
EPR PROPERTIES 5.75 PFD SER G Preferred 26884U505 34 1,350 SH SOLE 0 0 1,350
HEALTHCARE TRUST INC 7.375 CUM CONV PFD A Preferred 42226B204 46 1,800 SH SOLE 0 0 1,800
ISTAR FINANCIAL INC 7 1/2 PFD SHS SERIES I Preferred 45031U804 36 1,400 SH SOLE 0 0 1,400
LEXINGTON REALTY TRUST 6.5 CUM CONV PFD SERIES C Preferred 529043309 50 800 SH SOLE 0 0 800
LUMENT FINANCE COMPANY 7.875 PFD A Preferred 55025L207 40 1,500 SH SOLE 0 0 1,500
MID AMER APT CMNTYS INC 8.5 PFD SER I Preferred 59522J889 69 1,100 SH SOLE 0 0 1,100
RLJ LODGING TRUST USD 1.95 CONV PFD A Preferred 74965L200 43 1,500 SH SOLE 0 0 1,500
RPT REALTY 7.25 PFD D Preferred 74971D200 59 1,000 SH SOLE 0 0 1,000
SPIRIT REALTY CAPITAL PFD A 6 Preferred 84860W201 35 1,350 SH SOLE 0 0 1,350
UMH PROPERTIES INC 6.75 PFD C Preferred 903002400 39 1,500 SH SOLE 0 0 1,500