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RE fundsReal estate fund manageriaunsizedunclassified · candidate

Qdc-Asset Management, LLC

Real Estate Funds

Washington, DC

Search this name across graphsid dfx:ref:2fdc01b2-5be9-4547-8250-808cb84a2bc8

Data as of Sep 15, 2026 (this record's last observation) from Adviser-reported funds; Property side (read only); Capital side; Manager sites. Page built Sep 19, 2026, 7:49 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 5
On other graphs: 1
Observed: Sep 15, 2026 to Sep 15, 2026
6 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

RIA / Wealth Managementidentity

QDC-ASSET MANAGEMENT, LLC

same firm, same CRD · confidence 100% · family precision 100%

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Reported GAV: $376Mgross asset value on the latest filing, feeders excluded, quarantined above 3x RAUM; not fund size
GAV as reported: $376Mbefore the feeder and quarantine rules; a quarantined manager enters no total
Strategy class: UNCLASSIFIEDinferencea candidate from the manager's own site read until its quote verification passes
RAUM: $376Mregulatory assets as filed
Vehicles, current: 0
Vehicles, ever: 3
First real estate filing: 2012
Latest ADV filing: Mar 19, 2015
Bound properties: 0derivedthrough validated holding bindings only
Loans: 0derivedon bound holdings
Lenders: 0derivedon bound holdings
Allocators naming this manager: 0derivedpublic pension commitment lists
CRD: 161421
SEC number: 801-73855

Vehicles

Real Estate Fund vehicles this adviser swore on Schedule D 7.B(1); GAV is gross asset value as filed, never fund size, and a feeder repeats its master and is excluded from the manager's sum

Vehicle	Kind	GAV, latest	As of	Quarantined	Owners	Vintage	First reported	Lifecycle	Current
National Capital Properties III, LP	fund	$245M	Mar 19, 2015	no	9	n/a	2012	Harvesting	no
National Capital Properties IV, LP	fund	$131M	Mar 19, 2015	no	10	n/a	2012	Harvesting	no
National Capital Properties Trust II	fund	$287,887	Mar 19, 2015	no	7	n/a	2012	Winding down	no

Reported GAV by year

the sum of gross asset value over this manager's non-feeder vehicle rows per calendar year, as filed; the manager-level quarantine (summed GAV above three times its own RAUM) is a flag on the card and is not applied here; 12 rows folded into 4

Year	Vehicles reporting	GAV, sum
2015	3	$376M
2014	3	$436M
2013	3	$388M
2012	3	$674M

Relationships

Employs (3)

→ Christopher David GladstonePrincipalPresident - Qdc-Asset Management, Llc, Ncp 2, L.L.C., Ncp 3, Llc, Ncp 4, Llc
Oct 1, 1999 to presentfactForm ADV
→ Elise Jane RabekoffPrincipalChief Compliance Officer - Qdc-Asset Management, Llc
Feb 1, 2012 to presentfactForm ADV
→ Michael Patrick MccarthyPrincipalCorporate Vice President, Asset Management - Qdc-Asset Management, Llc, Ncp 2, L.L.C., Ncp 3, Llc, Ncp 4, Llc
Sep 1, 2007 to presentfactForm ADV

Manages (3)

→ National Capital Properties IV, LPReal estate fund vehiclefund
Feb 14, 2012 to presentfactForm ADV
→ National Capital Properties Trust IIReal estate fund vehiclefund
Feb 14, 2012 to presentfactForm ADV
→ National Capital Properties III, LPReal estate fund vehiclefund
Feb 14, 2012 to presentfactForm ADV

Owns (2)

← RGA, Inc.OrgShareholder
Oct 1, 1999 to presentfactForm ADV
← Quadrangle Development CorporationOrgMember - Qdc-Asset Management, Llc, Ncp 2, L.L.C, Ncp 3, Llc, Ncp 4, Llc
Oct 1, 1999 to presentfactForm ADV

Dated events

Occurred
Apr 5, 2012
Reported GAV quarantined
National Capital Properties Trust II: 2012 gross asset value $11,182,943 quarantined (vehicle_gav_year_outlier)
Form ADVobserved 3 days ago
$11.2M
Occurred
Feb 14, 2012
Manager's first real estate fund filing
Qdc-Asset Management, LLC first filed Form ADV in the extract (IA)
Form ADVobserved 3 days ago
Occurred
Feb 14, 2012
Vehicle first reported on Form ADV
National Capital Properties IV, LP first reported on Form ADV by Qdc-Asset Management, LLC, GAV $213,066,059 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$213M
Occurred
Feb 14, 2012
Vehicle first reported on Form ADV
National Capital Properties Trust II first reported on Form ADV by Qdc-Asset Management, LLC, GAV $11,182,943 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$11.2M
Occurred
Feb 14, 2012
Vehicle first reported on Form ADV
National Capital Properties III, LP first reported on Form ADV by Qdc-Asset Management, LLC, GAV $450,151,067 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$450M

Provenance

Graph: Real Estate Funds
Canonical id: dfx:ref:2fdc01b2-5be9-4547-8250-808cb84a2bc8
First observed: Sep 15, 2026
Last observed: Sep 15, 2026 3 days ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Qdc-Asset Management, LLC

Real Estate Funds

Washington, DC

Search this name across graphsid dfx:ref:2fdc01b2-5be9-4547-8250-808cb84a2bc8

Vehicle

Kind

GAV, latest

As of

Quarantined

Owners

Vintage

First reported

Lifecycle

Current

Allocators

National Capital Properties III, LP

fund

$245M

Mar 19, 2015

n/a

2012

Harvesting

National Capital Properties IV, LP

fund

$131M

Mar 19, 2015

n/a

2012

Harvesting

National Capital Properties Trust II

fund

$287,887

Mar 19, 2015

n/a

2012

Winding down

Year

Vehicles reporting

GAV, sum

2015

$376M

2014

$436M

2013

$388M

2012

$674M