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RE fundsReal estate fund manageriaunsizedunclassified · candidate

Cornerstone Advisors Inc

Real Estate Funds

Bellevue, WA

Search this name across graphsid dfx:ref:8df97562-3b4e-4a5e-9a09-d824b3c94e82

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 18, 2026, 10:35 PM UTC and rebuilt at most every 15 minutes.

Relationships: 22
Dated events: 12
On other graphs: 2
Observed: Sep 15, 2026 to Sep 15, 2026
9 observations

Across DFX

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

RIA / Wealth Managementidentity

CORNERSTONE ADVISORS INC

Registered adviser · shared crd

Private Equityidentity

Cornerstone Advisors Inc

Private equity manager · shared crd

Facts

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

Website: buildbeyond.com
Reported GAV: $108Mgross asset value on the latest filing, feeders excluded, quarantined above 3x RAUM; not fund size
GAV as reported: $108Mbefore 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: $4.0Bregulatory assets as filed
Vehicles, current: 0
Vehicles, ever: 10
First real estate filing: 2012
Latest ADV filing: Jun 26, 2020
Bound properties: 0derivedthrough validated holding bindings only
Loans: 0derivedon bound holdings
Lenders: 0derivedon bound holdings
Allocators naming this manager: 0derivedpublic pension commitment lists
CRD: 110908
SEC number: 801-20509

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	Allocators
Belv Holdings LLC	feeder	$1.8M	Oct 6, 2014	no	29	n/a	2012	Dropped	no	0

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; 51 rows folded into 8

Year	Vehicles reporting	GAV, sum
2019	9	$104M
2018	9	$102M
2017	7	$98.0M
2016	7	$92.7M
2015	5	$79.6M
2014	6	$72.1M
2013	4	$82.1M
2012	4	$50.0M

Relationships

Employs (12)

→ Robert Falcon Scott TrennerPrincipalShareholder
Jan 1, 2011 to presentfactForm ADV
→ Bruce Floyd DuffPrincipalChief Financial Officer/Director/Secretary Treasurer
Oct 1, 2004 to presentfactForm ADV
→ Susan Elizabeth PetersonPrincipalShareholder/Director
Oct 1, 2005 to presentfactForm ADV
→ Kenneth Michael HartPrincipalChief Executive Officer/Director/President
Jan 1, 2011 to presentfactForm ADV
→ Daniel KwonPrincipalShareholder/Director
Jun 1, 2007 to presentfactForm ADV
→ Kristin Heather ReedPrincipalChief People Officer/Director
Jan 1, 2019 to presentfactForm ADV
→ David W DrewsPrincipalShareholder
Jan 1, 2011 to presentfactForm ADV
→ Leonard Gregory CollinsPrincipalDirector
Apr 1, 2013 to presentfactForm ADV
→ Susan McnabPrincipalDirector
Apr 1, 2016 to presentfactForm ADV
→ Jeffrey Alan HusePrincipalChief Operating Officer/Chief Compliance Officer/Director
Jan 1, 2019 to presentfactForm ADV
→ David K FreudenbergPrincipalShareholder
Jan 1, 2019 to presentfactForm ADV
→ Lynne Rachel SmithPrincipalDirector
Sep 1, 2018 to presentfactForm ADV

Manages (10)

→ Belv Holdings LLCReal estate fund vehiclefeeder
Mar 27, 2012 to presentfactForm ADV
→ Cornerstone Real Estate Fund III, LPReal estate fund vehicleFund of funds
Mar 27, 2014 to presentfactForm ADV
→ Cornerstone Real Estate Fund a, LLCReal estate fund vehicleFund of funds
Mar 27, 2012 to presentfactForm ADV
→ Cornerstone Real Estate Fund B, LLCReal estate fund vehicleFund of funds
Mar 27, 2012 to presentfactForm ADV
→ Cornerstone Real Estate Fund Ii-A, LPReal estate fund vehicleFund of funds
Mar 27, 2012 to presentfactForm ADV
→ Cornerstone Real Estate Fund Iii-B, LPReal estate fund vehicleFund of funds
Mar 27, 2014 to presentfactForm ADV
→ Cornerstone Real Estate Fund IV, LPReal estate fund vehicleFund of funds
Mar 30, 2016 to presentfactForm ADV
→ Cornerstone Real Estate Fund Iv-B, LPReal estate fund vehicleFund of funds
Mar 30, 2016 to presentfactForm ADV
→ Cornerstone Real Estate Fund V, LPReal estate fund vehicleFund of funds
Mar 29, 2018 to presentfactForm ADV
→ Cornerstone Real Estate Fund V-B, LPReal estate fund vehicleFund of funds
Mar 29, 2018 to presentfactForm ADV

Dated events

Occurred
Mar 29, 2018
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund V-B, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $803,000
Form ADVobserved 3 days ago
$803,000
Occurred
Mar 29, 2018
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund V, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $1,094,000
Form ADVobserved 3 days ago
$1.1M
Occurred
Mar 30, 2016
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund IV, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $6,601,215
Form ADVobserved 3 days ago
$6.6M
Occurred
Mar 30, 2016
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund Iv-B, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $2,060,906
Form ADVobserved 3 days ago
$2.1M
Occurred
Mar 27, 2015
Vehicle dropped from Form ADV
Belv Holdings LLC no longer reported on Form ADV by Cornerstone Advisors Inc
Form ADVobserved 3 days ago
Occurred
Mar 27, 2014
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund III, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $3,778,870
Form ADVobserved 3 days ago
$3.8M
Occurred
Mar 27, 2014
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund Iii-B, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $1,627,045
Form ADVobserved 3 days ago
$1.6M
Occurred
Mar 27, 2012
Manager's first real estate fund filing
Cornerstone Advisors Inc first filed Form ADV in the extract (IA)
Form ADVobserved 3 days ago
Occurred
Mar 27, 2012
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund a, LLC first reported on Form ADV by Cornerstone Advisors Inc, GAV $36,965,061 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$37.0M
Occurred
Mar 27, 2012
Vehicle first reported on Form ADV
Belv Holdings LLC first reported on Form ADV by Cornerstone Advisors Inc, GAV $3,146,702 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$3.1M
Occurred
Mar 27, 2012
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund Ii-A, LP first reported on Form ADV by Cornerstone Advisors Inc, GAV $3,600,100 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$3.6M
Occurred
Mar 27, 2012
Vehicle first reported on Form ADV
Cornerstone Real Estate Fund B, LLC first reported on Form ADV by Cornerstone Advisors Inc, GAV $6,270,456 (tape start: the fund may be older)
Form ADVobserved 3 days ago
$6.3M

Provenance

Graph: Real Estate Funds
Canonical id: dfx:ref:8df97562-3b4e-4a5e-9a09-d824b3c94e82
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.

Cornerstone Advisors Inc

Real Estate Funds

Bellevue, WA

Search this name across graphsid dfx:ref:8df97562-3b4e-4a5e-9a09-d824b3c94e82

Vehicle

Kind

GAV, latest

As of

Quarantined

Owners

Vintage

First reported

Lifecycle

Current

Allocators

Belv Holdings LLC

feeder

$1.8M

Oct 6, 2014

n/a

2012

Dropped

Year

Vehicles reporting

GAV, sum

2019

$104M

2018

$102M

2017

$98.0M

2016

$92.7M

2015

$79.6M

2014

$72.1M

2013

$82.1M

2012

$50.0M