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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 1b 10b

MADISON REALTY CAPITAL

SULLIVAN REALTY CAPITAL, LLC, CRD 158988

NEW YORK, NY

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9d8a9215-9bbb-0d66-7334-988967c5faa0

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 4:36 AM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 11
On other graphs: 0
Observed: Nov 16, 2011 to Mar 31, 2026
30 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

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

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $5.6BItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $5.5B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 76
Advisory employees: 37
Offices: 3Schedule D 1.F, beyond the principal office
Accounts: 10
Individual clients: 0
High net worth clients: 0
Custody, client assets: $0
SEC number: 801-72909
CRD: 158988
Filings on the tape: 30
First filed: Nov 16, 2011
Latest filed: Mar 31, 2026
Organised: Limited Liability Company, DE
Website: vimeo.com

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
Harris, Brad, Stuart	CHIEF COMPLIANCE OFFICER AND DEPUTY GENERAL COUNSEL	Na	yes	12/2022	Dec 2, 2022	May 10, 2024
MADISON REALTY CAPITAL PARTNERS LLC	MANAGING MEMBER	E	yes	01/2021	Mar 30, 2022	May 10, 2024
MRC ADVISOR HOLDINGS LLC	MANAGING MEMBER	E	yes	01/2021	Mar 30, 2022	May 10, 2024
MRC MANAGEMENT LLC	MANAGING MEMBER	E	yes	05/2022	Dec 2, 2022	May 10, 2024
SHATZ, BRIAN, JACOB	MANAGING PRINCIPAL	Na	yes	08/2008	Nov 16, 2011	May 10, 2024
SHATZ, BRIAN, JACOB	Owner	D	yes	05/2022	Nov 16, 2011	May 10, 2024
SPEISER, DAVID, SCOTT	CHIEF LEGAL OFFICER (EQUIVALENT)	Na	yes	05/2012	Mar 31, 2014	May 10, 2024
TANTLEFF, ADAM, JEFFREY	MANAGING PRINCIPAL	Na	yes	08/2008	Nov 16, 2011	May 10, 2024
YAP, URIAN, HEINRIK	CHIEF FINANCIAL OFFICER	Na	yes	03/2021	Mar 30, 2022	May 10, 2024
ZEGEN, JOSHUA, BENJAMIN	Owner	D	yes	05/2022	Nov 16, 2011	May 10, 2024
ZEGEN, JOSHUA, BENJAMIN	MANAGING PRINCIPAL	Na	yes	08/2008	Nov 16, 2011	May 10, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
CHURCHILL INVESTMENT MANAGEMENT LLC	n/a	Asset manager	$12B	N	yes	n/a
CHURCHILL INCOME OPPORTUNITY FUND GP, LLC	n/a	n/a	n/a	N	yes	n/a
CHURCHILL ORIGINATIONS LLC	n/a	n/a	n/a	N	yes	n/a
CHURCHILL PRINCIPAL INVESTMENTS LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT FUND III GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT FUND IV GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT FUND V GP (CAYMAN) LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT FUND V GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT FUND VI GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT MA I GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT MA II GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT MA III GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL DEBT MA IV GP LLC	n/a	n/a	n/a	N	yes	n/a
MADISON REALTY CAPITAL EQUITY FUND I GP LLC	n/a	n/a	n/a	N	yes	n/a
MDFIV CO-INVEST 4 PACK GP LLC	n/a	n/a	n/a	N	yes	n/a
MRC EQUITY HOLDINGS LLC	n/a	n/a	n/a	N	yes	n/a
MRC FUND MANAGER LLC	n/a	n/a	n/a	N	yes	n/a
SILVERSTONE DEVELOPMENT GROUP, LLC	n/a	n/a	n/a	N	yes	n/a
SPG EQUITY INVESTORS LLC	n/a	n/a	n/a	N	yes	n/a
SULLIVAN DEBT FUND GP, LLC	n/a	n/a	n/a	N	yes	n/a
VERTICAL REAL ESTATE LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
LOS ANGELES	CA	United States	2	no
BET SHEMESH	n/a	Israel	0	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 31, 2026	$5.6B	$5.5B	76	37	3	n/a	n/a
2024	Mar 31, 2025	$6.4B	$6.4B	73	35	3	n/a	n/a
2023	Mar 28, 2024	$6.8B	$6.8B	67	32	2	n/a	n/a
2022	Mar 31, 2023	$6.0B	$6.0B	66	37	2	n/a	n/a
2021	Mar 30, 2022	$4.7B	$4.7B	63	33	1	n/a	n/a
2020	Mar 29, 2021	$3.1B	$3.1B	52	36	0	n/a	n/a
2019	Mar 26, 2020	$2.0B	$2.0B	60	34	0	n/a	n/a
2018	Mar 21, 2019	$1.6B	$1.6B	64	35	0	n/a	n/a
2017	Mar 21, 2018	$1.1B	$1.1B	68	35	0	n/a	n/a
2016	Mar 17, 2017	$1.1B	$1.1B	59	23	n/a	n/a	n/a
2015	Mar 24, 2016	$837M	$837M	35	21	n/a	n/a	n/a
2014	Mar 30, 2015	$762M	$762M	42	24	n/a	n/a	n/a
2013	Mar 31, 2014	$569M	$569M	17	14	n/a	n/a	n/a
2012	Mar 28, 2013	$227M	$227M	16	16	n/a	n/a	n/a
2011	Mar 29, 2012	$172M	$100M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$5.6B	$6.4B	-12.5%	$6.0B	-2.6%	76	73	3	3

Relationships

Affiliated with (2)

← CHURCHILL INVESTMENT MANAGEMENT LLCRegistered adviserother investment adviser, common control
factForm ADV
→ CHURCHILL INVESTMENT MANAGEMENT LLCRegistered adviserother investment adviser, common control
factForm ADV

Controls (9)

← ZEGEN, JOSHUA, BENJAMINOwnerOWNER, ownership code D, individual
Nov 16, 2011 to May 10, 2024factForm ADV
← SHATZ, BRIAN, JACOBOwnerOWNER, ownership code D, individual
Nov 16, 2011 to May 10, 2024factForm ADV
← YAP, URIAN, HEINRIKOwnerCHIEF FINANCIAL OFFICER, ownership code NA, individual
Mar 30, 2022 to May 10, 2024factForm ADV
← TANTLEFF, ADAM, JEFFREYOwnerMANAGING PRINCIPAL, ownership code NA, individual
Nov 16, 2011 to May 10, 2024factForm ADV
← SPEISER, DAVID, SCOTTOwnerCHIEF LEGAL OFFICER (EQUIVALENT), ownership code NA, individual
Mar 31, 2014 to May 10, 2024factForm ADV
← Harris, Brad, StuartOwnerCHIEF COMPLIANCE OFFICER AND DEPUTY GENERAL COUNSEL, ownership code NA, individual
Dec 2, 2022 to May 10, 2024factForm ADV
← MADISON REALTY CAPITAL PARTNERS LLCOwnerMANAGING MEMBER, ownership code E, domestic entity
Mar 30, 2022 to May 10, 2024factForm ADV
← MRC ADVISOR HOLDINGS LLCOwnerMANAGING MEMBER, ownership code E, domestic entity
Mar 30, 2022 to May 10, 2024factForm ADV
← MRC MANAGEMENT LLCOwnerMANAGING MEMBER, ownership code E, domestic entity
Dec 2, 2022 to May 10, 2024factForm ADV

Dated events

Occurred
Mar 31, 2023
Regulatory AUM changed
Madison Realty Capital reported RAUM $6.0B, up 28% from $4.7B (2022-12-02 to 2023-03-31)
Form ADVobserved 5 days ago
$1.3B
Occurred
Dec 2, 2022
Control person joined
Stuart Brad Harris (Chief Compliance Officer And Deputy General Counsel) appeared on Schedule A of Madison Realty Capital
Form ADVobserved 5 days ago
Occurred
Dec 2, 2022
Control person left
Breslin Julie Furda (Chief Compliance Officer) no longer on Schedule A of Madison Realty Capital (listed 2022-03-30, absent 2022-12-02)
Form ADVobserved 5 days ago
Occurred
Mar 30, 2022
Regulatory AUM changed
Madison Realty Capital reported RAUM $4.7B, up 50% from $3.1B (2021-03-29 to 2022-03-30)
Form ADVobserved 5 days ago
$1.6B
Occurred
Mar 30, 2022
Control person left
Michael Greg Hersly (Chief Financial Officer (Equivalent)) no longer on Schedule A of Madison Realty Capital (listed 2021-03-29, absent 2022-03-30)
Form ADVobserved 5 days ago
Occurred
Mar 30, 2022
Control person left
Steven Brian Chase (Chief Operations Officer (Equivalent)) no longer on Schedule A of Madison Realty Capital (listed 2021-03-29, absent 2022-03-30)
Form ADVobserved 5 days ago
Occurred
Mar 30, 2022
Control person joined
Heinrik Urian Yap (Chief Financial Officer) appeared on Schedule A of Madison Realty Capital
Form ADVobserved 5 days ago
Occurred
Mar 29, 2021
Regulatory AUM changed
Madison Realty Capital reported RAUM $3.1B, up 57% from $2.0B (2020-03-26 to 2021-03-29)
Form ADVobserved 5 days ago
$1.1B
Occurred
Mar 29, 2021
Control person joined
Steven Brian Chase (Chief Operations Officer (Equivalent)) appeared on Schedule A of Madison Realty Capital
Form ADVobserved 5 days ago
Occurred
Mar 26, 2020
Regulatory AUM changed
Madison Realty Capital reported RAUM $2.0B, up 26% from $1.6B (2019-06-11 to 2020-03-26)
Form ADVobserved 5 days ago
$409M
Occurred
Mar 21, 2019
Regulatory AUM changed
Madison Realty Capital reported RAUM $1.6B, up 43% from $1.1B (2018-03-21 to 2019-03-21)
Form ADVobserved 5 days ago
$482M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:9d8a9215-9bbb-0d66-7334-988967c5faa0
First observed: Nov 16, 2011
Last observed: Mar 31, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
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.

MADISON REALTY CAPITAL

SULLIVAN REALTY CAPITAL, LLC, CRD 158988

NEW YORK, NY

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9d8a9215-9bbb-0d66-7334-988967c5faa0

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 4:36 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

Harris, Brad, Stuart

CHIEF COMPLIANCE OFFICER AND DEPUTY GENERAL COUNSEL

yes

12/2022

Dec 2, 2022

May 10, 2024

MADISON REALTY CAPITAL PARTNERS LLC

MANAGING MEMBER

yes

01/2021

Mar 30, 2022

May 10, 2024

MRC ADVISOR HOLDINGS LLC

MANAGING MEMBER

yes

01/2021

Mar 30, 2022

May 10, 2024

MRC MANAGEMENT LLC

MANAGING MEMBER

yes

05/2022

Dec 2, 2022

May 10, 2024

SHATZ, BRIAN, JACOB

MANAGING PRINCIPAL

yes

08/2008

Nov 16, 2011

May 10, 2024

SHATZ, BRIAN, JACOB

Owner

yes

05/2022

Nov 16, 2011

May 10, 2024

SPEISER, DAVID, SCOTT

CHIEF LEGAL OFFICER (EQUIVALENT)

yes

05/2012

Mar 31, 2014

May 10, 2024

TANTLEFF, ADAM, JEFFREY

MANAGING PRINCIPAL

yes

08/2008

Nov 16, 2011

May 10, 2024

YAP, URIAN, HEINRIK

CHIEF FINANCIAL OFFICER

yes

03/2021

Mar 30, 2022

May 10, 2024

ZEGEN, JOSHUA, BENJAMIN

Owner

yes

05/2022

Nov 16, 2011

May 10, 2024

ZEGEN, JOSHUA, BENJAMIN

MANAGING PRINCIPAL

yes

08/2008

Nov 16, 2011

May 10, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

CHURCHILL INVESTMENT MANAGEMENT LLC

n/a

Asset manager

$12B

yes

n/a

CHURCHILL INCOME OPPORTUNITY FUND GP, LLC

n/a

yes

n/a

CHURCHILL ORIGINATIONS LLC

n/a

yes

n/a

CHURCHILL PRINCIPAL INVESTMENTS LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT FUND III GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT FUND IV GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT FUND V GP (CAYMAN) LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT FUND V GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT FUND VI GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT MA I GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT MA II GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT MA III GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL DEBT MA IV GP LLC

n/a

yes

n/a

MADISON REALTY CAPITAL EQUITY FUND I GP LLC

n/a

yes

n/a

MDFIV CO-INVEST 4 PACK GP LLC

n/a

yes

n/a

MRC EQUITY HOLDINGS LLC

n/a

yes

n/a

MRC FUND MANAGER LLC

n/a

yes

n/a

SILVERSTONE DEVELOPMENT GROUP, LLC

n/a

yes

n/a

SPG EQUITY INVESTORS LLC

n/a

yes

n/a

SULLIVAN DEBT FUND GP, LLC

n/a

yes

n/a

VERTICAL REAL ESTATE LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

LOS ANGELES

United States

BET SHEMESH

n/a

Israel

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$5.6B

$5.5B

n/a

2024

Mar 31, 2025

$6.4B

n/a

2023

Mar 28, 2024

$6.8B

n/a

2022

Mar 31, 2023

$6.0B

n/a

2021

Mar 30, 2022

$4.7B

n/a

2020

Mar 29, 2021

$3.1B

n/a

2019

Mar 26, 2020

$2.0B

n/a

2018

Mar 21, 2019

$1.6B

n/a

2017

Mar 21, 2018

$1.1B

n/a

2016

Mar 17, 2017

$1.1B

n/a

2015

Mar 24, 2016

$837M

n/a

2014

Mar 30, 2015

$762M

n/a

2013

Mar 31, 2014

$569M

n/a

2012

Mar 28, 2013

$227M

n/a

2011

Mar 29, 2012

$172M

$100M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$5.6B

$6.4B

-12.5%

$6.0B

-2.6%