Real Estate Fund Intelligence
The manager graph behind U.S. private real estate capital. Which vehicles a manager swears to, what each reports year by year, what the manager says it does, and, where the evidence holds, which owner entities, properties, loans, lenders and pensions stand behind it. GAV is gross asset value on a filing date, never fund size, and every manager-to-property link carries its evidence class.
See the managers, the vehicles and the assets behind them.
Managers, vehicles, holdings and the lenders on the assets underneath them. Free to read, with the source and the date on every row.
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Who commits to vehicles like yours, and which managers they already back.
- Managers and vehicles
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The vehicles, the assets under them and the lenders on those assets.
- Vehicles
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- Lenders on the assets
Managers by size and asset type, with the holdings that prove it.
- Managers by size
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Or keep reading. Everything below is public, and picking a door only changes what leads.
The largest managers by reported real estate GAV
Summed over each manager’s Real Estate Fund vehicles on its latest Form ADV, feeders left out when a master is on the same filing, unit-error readings quarantined. A scale proxy, never fund size. The full list with strategy, band and holdings filters is on managers.
| Manager | HQ | Real estate GAV | Band | Vehicles | Strategy | Bound holdings | LPs |
|---|---|---|---|---|---|---|---|
| Blackstone Real Estate Advisors L.P. CRD 142979 | New York, NY | $130B GAV 2024 | over $25B | 52 of 62 6 deploying, 37 harvesting | Multi-strategy stated by the manager | 4 (6 properties) | 19 |
| Brookfield Asset Management Pic US, LLC CRD 151599 | New York, NY | $58B GAV 2024 | over $25B | 155 of 255 17 deploying, 44 harvesting | Multi-strategy stated by the manager | 2 (4 properties) | 2 |
| Bridge Investment Group CRD 159127 | Sandy, UT | $33B GAV 2024 | over $25B | 68 of 94 11 deploying, 34 harvesting | Multi-strategy stated by the manager | none trusted | 0 |
| Starwood Capital Group Management, L.L.C. CRD 110148 | Miami Beach, FL | $30B GAV 2024 | over $25B | 94 of 108 3 deploying, 76 harvesting | Opportunistic stated by the manager | none trusted | 8 |
| Invesco Advisers, Inc. CRD 105360 | Atlanta, GA | $26B GAV 2024 | over $25B | 3 of 16 5 harvesting | Multi-strategy from vehicle names | none trusted | 0 |
| Blackstone Property Advisors L.P. CRD 226598 | New York, NY | $21B GAV 2024 | $5B to $25B | 39 of 48 1 deploying, 16 harvesting | Opportunistic stated by the manager | none trusted | 2 |
| Clarion Partners CRD 108803 | New York, NY | $20B GAV 2024 | $5B to $25B | 14 of 21 2 deploying, 10 harvesting | Multi-strategy stated by the manager | 2 (14 properties) | 4 |
| The Carlyle Group CRD 111128 | Washington, DC | $19B GAV 2024 | $5B to $25B | 34 of 171 2 deploying, 20 harvesting | Debt from vehicle names | 5 (9 properties) | 2 |
| Exeter Property Group, LLC CRD 161935 | Radnor, PA | $17B GAV 2024 | $5B to $25B | 13 of 26 3 deploying, 7 harvesting | Multi-strategy stated by the manager | 29 (30 properties) | 1 |
| Harrison Street Advisors, LLC CRD 157983 | Chicago, IL | $17B GAV 2024 | $5B to $25B | 2 of 3 1 deploying | Multi-strategy stated by the manager | none trusted | 7 |
| Blackstone Real Estate Special Situations Advisors L.L.C. CRD 146043 | New York, NY | $17B GAV 2024 | $5B to $25B | 23 of 46 5 deploying, 9 harvesting | Multi-strategy stated by the manager | 3 (4 properties) | 1 |
| Greystar Investment Group, LLC CRD 160665 | Charleston, SC | $16B GAV 2024 | $5B to $25B | 32 of 33 4 deploying, 5 harvesting | Debt from vehicle names | 17 (19 properties) | 2 |
Managers under $1B with trusted holdings
The 751 current managers under $1B of reported GAV are where incumbent databases are thinnest. These are the ones whose owner entities the graph has bound with a validated rule.
| Manager | HQ | Real estate GAV | Band | Vehicles | Strategy | Bound holdings | LPs |
|---|---|---|---|---|---|---|---|
| Slate Property Group CRD 332260, exempt reporting | New York, NY | $145M GAV 2024 | under $1B | 30 of 30 | Multi-strategy stated by the manager | 38 (42 properties) | 0 |
| Rose Smart Growth Investment Advisors, LLC CRD 161271 | New York, NY | $89M GAV 2024 | under $1B | 1 of 13 1 harvesting | Value add stated by the manager | 14 (14 properties) | 0 |
| Midtown Investment Advisors LLC CRD 316137 | Miami, FL | $240M GAV 2024 | under $1B | 13 of 13 6 deploying, 2 harvesting | Development from vehicle names | 12 (15 properties) | 0 |
| TPG Angelo Gordon CRD 131940 | New York, NY | $904M GAV 2024 | under $1B | 2 of 27 13 harvesting | Multi-strategy stated by the manager | 6 (8 properties) | 9 |
| NEW Mountain Finance Advisers Bdc, L.L.C. CRD 155493 | New York, NY | $856M GAV 2024 | under $1B | 2 of 2 1 deploying | Net lease confirmed | 5 (15 properties) | 0 |
| Kabr Management, LLC CRD 175409 | Englewood, NJ | $463M GAV 2024 | under $1B | 9 of 9 3 deploying, 5 harvesting | Value add stated by the manager | 5 (7 properties) | 0 |
| Tishman Capital Partners CRD 241788 | New York, NY | $289M GAV 2024 | under $1B | 3 of 3 | Multi-strategy stated by the manager | 5 (6 properties) | 0 |
| Blackstone Real Estate Advisors IV L.L.C. CRD 120936 | New York, NY | $36M GAV 2024 | under $1B | 5 of 5 5 harvesting | Multi-strategy stated by the manager | 5 (7 properties) | 0 |
Vehicles first reported in 2024
First appearance on a Form ADV filing (not a close and not a formation date); a vehicle on an adviser’s first filing or on the tape’s first year is marked * because it may be older.
Owner entities bound to managers
An owner of record or a borrower bound to the manager behind it, with the rule that bound it. A rule publishes only after a blind sample labelled from independent public evidence passed the gate (precision at or above 0.90); everything else stays a candidate. How the gate works.
| Owner entity | Manager | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|---|
| 11930 NARCOOSSEE ROAD LLC FL, auto sales and service, drive-in restaurant | Clarion Partners controls | manager only | 13 assessed $64.6M | Corporate filing sunbiz_officer_is_manager | |
| SHEDDF3 VNB LLC FL, hotel, motel, mixed use store and office | SHE Ddf1 Manager LLC controls | manager only | 5 assessed $19.8M | Corporate filing sunbiz_officer_is_manager | |
| RLIF RIVIERA BEACH SPE LLC FL, open storage, warehouse, distribution | Realterm controls | manager only | 5 assessed $39.0M | Corporate filing sunbiz_officer_is_manager | |
| NSRP I CORAL LANDINGS LLC FL, community shopping center, drive-in restaurant | Nuveen Alternatives Advisors LLC controls | manager only | 5 assessed $36.9M | Corporate filing sunbiz_officer_is_manager | |
| SOUTHWEST WINTER PARK LLC FL, parking lot, mobile home park, warehouse, distribution | Asana Partners, LP controls | manager only | 4 assessed $19.1M | Corporate filing sunbiz_officer_is_manager | |
| AP SOUTH HOWARD LLC FL, office multi-story, parking lot, mobile home park | Asana Partners, LP controls | manager only | 3 assessed $8.6M | Corporate filing sunbiz_officer_is_manager | |
| AP N ROME AVE LLC FL, vacant commercial, warehouse, distribution | Asana Partners, LP controls | manager only | 3 assessed $1.2M | Corporate filing sunbiz_officer_is_manager | |
| LMP ORANGE LLC FL, restaurant, stores one story | Larsen Maccoll Partners controls | manager only | 3 assessed $4.7M | Corporate filing sunbiz_officer_is_manager |
Recorded acquisitions and dispositions
Deeds with the bound entity as buyer or seller, dated on the recorder’s closing date, consideration as recorded. Massachusetts statewide and New York City today.
- AcquisitionMay 1, 2026$61.5MExeter Property Group, LLC 8060 HWY 33 N, Lakeland FL (warehouse, distribution) through EXETER 8060 STATE ROAD 33 LLCfl dor nal floridarevenue.com
- AcquisitionMay 1, 2026$6.5MAlbany Road Real Estate Partners, LLC 4811 W SLIGH AVE, Tampa FL (auto sales and service) through ARP TAMPA LLCfl dor nal floridarevenue.com
- AcquisitionApr 1, 2026$42.2MBlackstone Real Estate Special Situations Advisors L.L.C. 1920 HIGH RIDGE RD, Boynton Beach FL (warehouse, distribution) through BAL BOYNTON OWNER I LLCfl dor nal floridarevenue.com
- AcquisitionMar 11, 2026$32.0Mre core owners apps.dos.ny.gov
- AcquisitionMar 1, 2026$5.0MJadian Capital, LP 6180 FEDERAL CT, Fort Myers FL (warehouse, distribution) through 6180 FEDERAL LLCfl dor nal search.sunbiz.org
- AcquisitionMar 1, 2026$64.6MDRA Advisors LLC 2600 LAKE BETTY BLVD, Apopka FL (multifamily 10+ units) through G&I XI BLVD 2600 OWNER LLCfl dor nal search.sunbiz.org
- DispositionFeb 6, 2026$23.5Mre core owners apps.dos.ny.gov
- AcquisitionFeb 1, 2026$9.0Mfl dor nal search.sunbiz.org
Manager and lender relationships
Recorded mortgages, modifications and assignments on bound entities, rolled up by lender group.
- Prana Real Estate Finance LLC with Signature CRE 2023 Ventures15 loans, $96.3M
- Arel Capital, LP with Metropolitan Commercial Bank12 loans, $22.2M
- Arel Capital, LP with JPMorgan Chase11 loans, $50.3M
- Paramount Group Real Estate Advisor LLC with JPMorgan Chase8 loans, $599M
- Dermot Fund Management LLC with Manufactures and Traders Trust Company8 loans, $86.7M
- Prana Real Estate Finance LLC with ConnectOne Bank7 loans, $62.1M
- Fortuna Asset Management LLC with Bi Blue Servicing6 loans, $209M
- RXR Asset Management LLC with American General Life Insurance Company6 loans, $195M
- Los Angeles County Employees Retirement Association in Whitman Peterson Fund V $75.0M committed as of 2026-09
- Wisconsin Retirement System in Heitman Construction Finance, LP $100M committed as of 2026-09
- Los Angeles City Employees' Retirement System in Blue Owl Real Estate Fund VII LP $50.0M committed as of 2026-09
- Los Angeles City Employees' Retirement System in Kayne Anderson Real Estate Partners VII, L.P. $50.0M committed as of 2026-09
- Virginia Retirement System (VRS) in Kayne Anderson Core Real Estate Fund $150M committed as of 2026-08
- Virginia Retirement System (VRS) in Meadow Real Estate Fund VII $125M committed as of 2026-08
- Connecticut Retirement Plans and Trust Funds in Artemis Real Estate Partners Fund V, L.P. $250M committed as of 2026-07
- Connecticut Retirement Plans and Trust Funds in Lion Industrial Trust $150M committed as of 2026-07
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