DFX Intelligence
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.
Lenders
Manager and lender relationships
Every recorded mortgage, modification or assignment on an entity bound to a manager, rolled up by the lender group the real estate core identified. Principal is the document amount at recording. A relationship on one loan says “single”; a first loan within two years says “new”. New York City recordings since 2024 and HUD-insured loans today, so an absent lender is absent from the tape, not from the market.
| Manager | Lender group | Loans | Principal | Properties | Share of manager’s loans | First to last | Trend |
|---|---|---|---|---|---|---|---|
| Prana Real Estate Finance LLC | Signature CRE 2023 Ventures | 15 | $96.3M | 13 | 68% | May 29, 2024 to Jul 14, 2026 | new |
| Arel Capital, LP | Metropolitan Commercial Bank | 12 | $22.2M | 1 | 35% | Sep 4, 2024 to Sep 4, 2024 | new |
| Arel Capital, LP | JPMorgan Chase | 11 | $50.3M | 4 | 32% | Jun 26, 2024 to Jun 2, 2026 | new |
| Paramount Group Real Estate Advisor LLC | JPMorgan Chase | 8 | $599M | 3 | 22% | Feb 23, 2024 to Apr 13, 2026 | new |
| Dermot Fund Management LLC | Manufactures and Traders Trust Company | 8 | $86.7M | 1 | 31% | Jan 13, 2026 to Jan 13, 2026 | new |
| Prana Real Estate Finance LLC | ConnectOne Bank | 7 | $62.1M | 6 | 32% | Oct 15, 2024 to Oct 15, 2024 | new |
| Fortuna Asset Management LLC | Bi Blue Servicing | 6 | $209M | 1 | 75% | Jun 17, 2025 to Jun 17, 2025 | new |
| RXR Asset Management LLC | American General Life Insurance Company | 6 | $195M | 1 | 38% | Apr 7, 2025 to Apr 7, 2025 | new |
| IVY Equities II, LLC | Stormfield Capital Funding I | 6 | $57.8M | 1 | 43% | Mar 20, 2025 to Mar 20, 2025 | new |
| Dermot Fund Management LLC | Tlus AQ1 2024 Holdings | 5 | $203M | 1 | 19% | Oct 21, 2024 to Oct 21, 2024 | new |
| Savanna Investment Management LLC | Maxim Credit Group | 5 | $188M | 1 | 50% | Sep 11, 2024 to Sep 17, 2024 | new |
| Tishman Capital Partners | COMPUTERSHARE TRUST COMPANY N.A. | 5 | $54.1M | 1 | 26% | Jan 17, 2025 to Jan 17, 2025 | new |
| Tishman Capital Partners | Cf Spg Depositor | 5 | $54.1M | 1 | 26% | Jan 17, 2025 to Jan 17, 2025 | new |
| Arel Capital, LP | Cf Dcope Fin | 5 | $48.0M | 1 | 15% | Jun 3, 2025 to Jun 3, 2025 | new |
| Dermot Fund Management LLC | Walker & Dunlop | 4 | $830M | 1 | 15% | Mar 20, 2026 to Mar 20, 2026 | new |
| IVY Equities II, LLC | Wells Fargo | 4 | $620M | 1 | 29% | Dec 3, 2025 to Dec 3, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Deutsche Pfandbriefbank Ag | 4 | $477M | 1 | 11% | Oct 1, 2024 to Oct 1, 2024 | new |
| Cacm | Deutsche Bank | 4 | $358M | 1 | 67% | May 15, 2026 to May 15, 2026 | new |
| Madison International Realty Holdings, LLC | Citi | 3 | $2.8B | 1 | 30% | Feb 26, 2025 to Feb 26, 2025 | new |
| Madison International Realty Holdings, LLC | Morgan Stanley Mortgage Capital Holdings | 3 | $2.7B | 2 | 30% | Aug 1, 2025 to Jan 27, 2026 | new |
| Paramount Group Real Estate Advisor LLC | Morgan Stanley | 3 | $1.7B | 1 | 8% | Aug 8, 2025 to Aug 8, 2025 | new |
| Savanna Investment Management LLC | Bo Bryant Park Lender | 3 | $1.3B | 1 | 30% | Dec 11, 2025 to Dec 11, 2025 | new |
| RXR Asset Management LLC | Morgan Stanley Mortgage Capital Holdings | 3 | $1.2B | 1 | 19% | Jun 12, 2026 to Jun 12, 2026 | new |
| RXR Asset Management LLC | Deutsche Bank National Trust Company | 3 | $1.2B | 1 | 19% | Jun 12, 2026 to Jun 12, 2026 | new |
| Jamestown, L.P. | JPMorgan Chase | 3 | $290M | 1 | 50% | Aug 19, 2025 to Aug 19, 2025 | new |
| Newman, Nicholas Drake | Msd Rcof Partners Lxii | 3 | $190M | 3 | 60% | Apr 2, 2024 to Mar 14, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Chelsea West 19TH Street Holdings | 3 | $73.7M | 1 | 8% | Jan 3, 2025 to Jan 3, 2025 | new |
| Marcus Partners, LLC | Valley National Bank | 3 | $72.3M | 1 | 60% | Jul 9, 2024 to Jul 9, 2024 | new |
| Greenbrook Management, LLC | Walker & Dunlop | 3 | $44.1M | 3 | 75% | Dec 23, 2025 to Dec 23, 2025 | new |
| Grosvenor True North Management Limited | Bravo Capital | 3 | $40.0M | 1 | 50% | Aug 3, 2026 to Aug 3, 2026 | new |
| IVY Equities II, LLC | Signature CRE 2023 Ventures | 3 | $27.6M | 1 | 21% | Sep 11, 2024 to Sep 11, 2024 | new |
| Harbor Group International, LLC | Woori America Bank | 3 | $23.0M | 1 | 27% | Jun 4, 2024 to Jun 4, 2024 | new |
| Harbor Group International, LLC | First County Bank | 3 | $10.9M | 1 | 27% | Jul 17, 2026 to Jul 17, 2026 | new |
| Tishman Capital Partners | Popular Bank | 3 | $9.5M | 1 | 16% | Jan 30, 2025 to Jan 30, 2025 | new |
| Madison International Realty Holdings, LLC | COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, | 2 | $2.4B | 1 | 20% | Aug 1, 2025 to Aug 1, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Morgan Stanley Mortgage Capital Holdings | 2 | $1.8B | 1 | 6% | Nov 3, 2025 to Nov 3, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Deutsche Bank National Trust Company, Solely in | 2 | $1.8B | 1 | 6% | Nov 3, 2025 to Nov 3, 2025 | new |
| Beacon Capital Partners, LLC | 1177 Jv | 2 | $1.4B | 1 | 67% | Oct 10, 2025 to Oct 10, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Aareal Capital | 2 | $1.1B | 1 | 6% | Mar 29, 2024 to Mar 29, 2024 | new |
| RXR Asset Management LLC | Bank of America | 2 | $815M | 1 | 13% | Feb 23, 2026 to Mar 4, 2026 | new |
| Dermot Fund Management LLC | Federal Home Loan Mortgage | 2 | $526M | 1 | 8% | Mar 20, 2026 to Mar 20, 2026 | new |
| Hines Luxembourg Investment Management S.A.R.L. | Goldman Sachs | 2 | $429M | 1 | 100% | Jul 2, 2026 to Jul 2, 2026 | new |
| Tishman Speyer Properties, L.P. | New York State Housing Finance Agency | 2 | $161M | 1 | 50% | Apr 14, 2025 to Apr 14, 2025 | new |
| Cacm | Wells Fargo | 2 | $149M | 1 | 33% | Aug 8, 2025 to Aug 8, 2025 | new |
| Slate Property Group | Slate Rec Jpm L.p | 2 | $103M | 1 | 22% | Apr 4, 2024 to Apr 4, 2024 | new |
| Slate Property Group | Prime Finance Short Duration Holding Company 9 | 2 | $103M | 1 | 22% | Aug 24, 2026 to Aug 24, 2026 | new |
| Fortuna Asset Management LLC | 127W28 Hotel Noteholder | 2 | $94.0M | 1 | 25% | Mar 4, 2026 to Mar 4, 2026 | new |
| Savanna Investment Management LLC | Bcc Funding II | 2 | $70.0M | 1 | 20% | Sep 11, 2024 to Sep 11, 2024 | new |
| Paramount Group Real Estate Advisor LLC | Museum Clothing Company | 2 | $56.1M | 1 | 6% | Jan 3, 2025 to Jan 3, 2025 | new |
| Paramount Group Real Estate Advisor LLC | Signature CRE 2023 Ventures | 2 | $56.0M | 1 | 6% | Mar 21, 2024 to Mar 21, 2024 | new |
| Paramount Group Real Estate Advisor LLC | Signature Bridge Bank | 2 | $56.0M | 1 | 6% | Mar 21, 2024 to Mar 21, 2024 | new |
| Paramount Group Real Estate Advisor LLC | Bank of America | 2 | $56.0M | 1 | 6% | Mar 11, 2026 to Mar 11, 2026 | new |
| GLP Capital Partners, Inc. | Citibank | 2 | $43.7M | 2 | 100% | Aug 16, 2024 to Feb 18, 2026 | new |
| Slate Property Group | White Oak Real Estate Capital Management | 2 | $42.2M | 2 | 22% | Mar 24, 2026 to Mar 24, 2026 | new |
| Westside Future Fund | Signature CRE 2023 Ventures | 2 | $40.5M | 1 | 33% | May 8, 2024 to May 8, 2024 | new |
| Westside Future Fund | Signature Bridge Bank | 2 | $40.5M | 1 | 33% | May 8, 2024 to May 8, 2024 | new |
| Newman, Nicholas Drake | Citi | 2 | $34.0M | 2 | 40% | Mar 14, 2025 to Apr 21, 2025 | new |
| Arel Capital, LP | Cf Fin Dcope | 2 | $28.0M | 1 | 6% | Aug 28, 2025 to Aug 28, 2025 | new |
| Hillcrest Credit and Income Fund II Manager, LLC | Signature CRE 2023 Ventures | 2 | $26.1M | 2 | 100% | Jul 8, 2024 to Aug 6, 2024 | new |
| Tishman Capital Partners | Wells Fargo | 2 | $23.2M | 1 | 11% | May 20, 2026 to May 20, 2026 | new |
| Grosvenor True North Management Limited | Popular Bank | 2 | $20.8M | 1 | 33% | Jan 19, 2024 to Jan 19, 2024 | new |
| Tishman Capital Partners | Signature CRE 2023 Ventures | 2 | $20.2M | 1 | 11% | Nov 18, 2024 to Nov 18, 2024 | new |
| Dermot Fund Management LLC | Signature CRE 2023 Ventures | 2 | $12.7M | 1 | 8% | Feb 16, 2024 to Feb 16, 2024 | new |
| Arden Fund Management, LLC | JPMorgan Chase | 2 | $9.3M | 1 | 100% | May 19, 2025 to May 19, 2025 | new |
| Fairfield Realty Advisors LLC | Citibank, N,a | 2 | $8.5M | 1 | 67% | Jan 27, 2025 to Jan 27, 2025 | new |
| Arel Capital, LP | TD Bank | 2 | $7.0M | 1 | 6% | Jul 1, 2025 to Jul 1, 2025 | new |
| Dermot Fund Management LLC | OceanFirst Bank | 2 | $5.9M | 1 | 8% | Jan 9, 2024 to Jan 9, 2024 | new |
| Harbor Group International, LLC | Broad X Funding II | 2 | $4.4M | 1 | 18% | Jul 17, 2026 to Jul 17, 2026 | new |
| Dermot Fund Management LLC | Department of Housing Preservation and Development | 2 | $4.0M | 1 | 8% | Nov 14, 2024 to Nov 14, 2024 | new |
| RXR Asset Management LLC | Wilmington Trust | 1 | $1.0B | 1 | 6% | Sep 2, 2025 to Sep 2, 2025 | single |
| Paramount Group Real Estate Advisor LLC | Wells Fargo | 1 | $900M | 1 | 3% | Aug 8, 2025 to Aug 8, 2025 | single |
| Greenbrook Management, LLC | Federal Home Loan Mortgage | 1 | $560M | 1 | 25% | Dec 23, 2025 to Dec 23, 2025 | single |
| Tishman Speyer Properties, L.P. | JPMorgan Chase | 1 | $485M | 1 | 25% | Jul 15, 2025 to Jul 15, 2025 | single |
| Beacon Capital Partners, LLC | 1177 Jv L.p | 1 | $372M | 1 | 33% | Oct 10, 2025 to Oct 10, 2025 | single |
| Madison International Realty Holdings, LLC | Deutsche Bank | 1 | $330M | 1 | 10% | Jul 15, 2025 to Jul 15, 2025 | single |
| Madison International Realty Holdings, LLC | COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION | 1 | $330M | 1 | 10% | Jan 27, 2026 to Jan 27, 2026 | single |
| RXR Asset Management LLC | Morgan Stanley | 1 | $325M | 1 | 6% | Feb 23, 2026 to Feb 23, 2026 | single |
| Paramount Group Real Estate Advisor LLC | COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, | 1 | $283M | 1 | 3% | Jun 8, 2026 to Jun 8, 2026 | single |
| Tishman Capital Partners | Monroe Capital Management Advisors | 1 | $200M | 1 | 5% | Dec 16, 2025 to Dec 16, 2025 | single |
| Vanbarton Group LLC | Incref Investments BMO Seller | 1 | $165M | 1 | 25% | Nov 10, 2025 to Nov 10, 2025 | single |
| Turnbridge Re Fund Management Company I LLC | RE Globe Lender I L.p | 1 | $147M | 1 | 100% | May 19, 2026 to May 19, 2026 | single |
| Jamestown, L.P. | Baden-wurttemberg, Landesbank | 1 | $145M | 1 | 17% | Jun 9, 2025 to Jun 9, 2025 | single |
| Slate Property Group | Wells Fargo | 1 | $116M | 1 | 11% | Dec 29, 2025 to Dec 29, 2025 | single |
| Vanbarton Group LLC | Equitable Finance Life Insurance Company of Amerca | 1 | $99.6M | 1 | 25% | Oct 1, 2025 to Oct 1, 2025 | single |
| Westside Future Fund | JPMorgan Chase | 1 | $85.9M | 1 | 17% | Mar 3, 2026 to Mar 3, 2026 | single |
| Jamestown, L.P. | New York Branch, Landesbank Baden Wurttemberg | 1 | $80.0M | 1 | 17% | Jun 9, 2025 to Jun 9, 2025 | single |
| Slate Property Group | New York City Housing Development | 1 | $76.0M | 1 | 11% | Jul 6, 2026 to Jul 6, 2026 | single |
| Vanbarton Group LLC | The Northwestern Mutual Life Insurance Company | 1 | $67.0M | 1 | 25% | Oct 16, 2025 to Oct 16, 2025 | single |
| Rockpoint | Aareal Capital | 1 | $63.0M | 1 | 100% | Dec 9, 2024 to Dec 9, 2024 | single |
| Westside Future Fund | Flagstar Bank | 1 | $60.1M | 1 | 17% | Mar 3, 2026 to Mar 3, 2026 | single |
| Jamestown, L.P. | Dwf Vi 325 Hudson Lender | 1 | $60.0M | 1 | 17% | Dec 23, 2025 to Dec 23, 2025 | single |
| Tishman Speyer Properties, L.P. | Parlex 1 Finance | 1 | $56.0M | 1 | 25% | Jun 5, 2025 to Jun 5, 2025 | single |
| Acore Capital, LP | 184 Jamaica Ave | 1 | $55.3M | 1 | 100% | Jun 18, 2024 to Jun 18, 2024 | single |
| Loancore Capital, LLC | Keb Hana Bank, New York Agency | 1 | $47.5M | 1 | 50% | Apr 10, 2026 to Apr 10, 2026 | single |
| Paramount Group Real Estate Advisor LLC | Wilmington Savings Fund Society | 1 | $42.0M | 1 | 3% | Aug 11, 2026 to Aug 11, 2026 | single |
| Blackrock Asset Management North Asia Limited | Metropolitan Commercial Bank | 1 | $22.3M | 1 | 33% | Sep 2, 2025 to Sep 2, 2025 | single |
| Slate Property Group | White Oak Real Estate Capital Management Services | 1 | $22.0M | 1 | 11% | Oct 6, 2025 to Oct 6, 2025 | single |
| Loancore Capital, LLC | Lcc Ss Trs Holdco | 1 | $20.1M | 1 | 50% | Apr 8, 2026 to Apr 8, 2026 | single |
| Churchill Investment Management, LLC | Churchill Mra Funding I | 1 | $19.0M | 1 | 50% | Sep 17, 2025 to Sep 17, 2025 | single |
| Paramount Group Real Estate Advisor LLC | Znz Management | 1 | $17.6M | 1 | 3% | Jan 3, 2025 to Jan 3, 2025 | single |
| Grosvenor True North Management Limited | Merchants Capital | 1 | $16.5M | 1 | 17% | Aug 27, 2026 to Aug 27, 2026 | single |
| Blackrock Asset Management North Asia Limited | Signature CRE 2023 Ventures | 1 | $16.3M | 1 | 33% | Oct 1, 2024 to Oct 1, 2024 | single |
| Blackrock Asset Management North Asia Limited | Signature Bridge Bank | 1 | $16.3M | 1 | 33% | Oct 1, 2024 to Oct 1, 2024 | single |
| Arel Capital, LP | Ladder Capital Realty III | 1 | $14.1M | 1 | 3% | Jul 31, 2024 to Jul 31, 2024 | single |
| Warburg Pincus LLC | Wilmington Trust | 1 | $13.5M | 1 | 100% | Jan 2, 2024 to Jan 2, 2024 | single |
| Arel Capital, LP | Citibank | 1 | $13.2M | 1 | 3% | Oct 18, 2024 to Oct 18, 2024 | single |
| Grandview Property Partners, LLC | Bank of America | 1 | $13.0M | 1 | 100% | Jul 7, 2026 to Jul 7, 2026 | single |
| Bristol Group Inc | Cathay Bank | 1 | $12.3M | 1 | 100% | Jul 12, 2024 to Jul 12, 2024 | single |
| Delancey Real Estate Asset Management Limited | Stormfield Capital Funding I | 1 | $12.2M | 1 | 100% | Mar 24, 2026 to Mar 24, 2026 | single |
| Vanbarton Group LLC | Parlex 3A Finco | 1 | $11.8M | 1 | 25% | Mar 20, 2024 to Mar 20, 2024 | single |
| Pasadena Private Wealth, LLC | Signature CRE 2023 Ventures | 1 | $10.0M | 1 | 100% | Nov 19, 2024 to Nov 19, 2024 | single |
| Waverly Advisors, LLC | Landesbank Hessen-thuringen Girozentrale | 1 | $9.7M | 1 | 100% | Jul 20, 2026 to Jul 20, 2026 | single |
| Hazelview Securities (US) LLC | Signature Bridge Bank | 1 | $9.3M | 1 | 50% | May 16, 2024 to May 16, 2024 | single |
| Marcus Partners, LLC | 133 B Lender | 1 | $8.5M | 1 | 20% | Jul 9, 2024 to Jul 9, 2024 | single |
| Marcus Partners, LLC | Leumi Partners | 1 | $8.5M | 1 | 20% | Jul 9, 2024 to Jul 9, 2024 | single |
| Ladder Capital Asset Management LLC | Long Island City Partners | 1 | $8.2M | 1 | 100% | Jan 8, 2026 to Jan 8, 2026 | single |
| Fairfield Realty Advisors LLC | Bank of America | 1 | $8.0M | 1 | 33% | Sep 30, 2025 to Sep 30, 2025 | single |
| Thayer GP VI LLC | Fannie Mae | 1 | $6.8M | 1 | 50% | Aug 17, 2026 to Aug 17, 2026 | single |
| Harbor Group International, LLC | Northeast Bank | 1 | $5.7M | 1 | 9% | Mar 20, 2025 to Mar 20, 2025 | single |
| Mack Real Estate Credit Strategies, L.P. | First Horizon Bank | 1 | $5.7M | 1 | 100% | Mar 21, 2025 to Mar 21, 2025 | single |
| Arbor Realty Collateral Management, LLC | 1261 49 Holdings | 1 | $4.6M | 1 | 100% | Aug 7, 2024 to Aug 7, 2024 | single |
| Thayer GP VI LLC | Greystone | 1 | $4.3M | 1 | 50% | Aug 17, 2026 to Aug 17, 2026 | single |
| Stafford Capital Partners Inc. | JPMorgan Chase | 1 | $4.2M | 1 | 100% | Aug 3, 2026 to Aug 3, 2026 | single |
| Harbor Group International, LLC | JPMorgan Chase | 1 | $3.6M | 1 | 9% | Jun 21, 2024 to Jun 21, 2024 | single |
| Yellowstone Capital Partners | JPMorgan Chase | 1 | $2.4M | 1 | 100% | Jan 23, 2026 to Jan 23, 2026 | single |
| Churchill Investment Management, LLC | 888 Carroll | 1 | $2.3M | 1 | 50% | Aug 14, 2025 to Aug 14, 2025 | single |
| Tishman Capital Partners | Nationwide Title Clearing | 1 | $2.0M | 1 | 5% | Apr 11, 2024 to Apr 11, 2024 | single |
| Rockwood Capital, LLC | Signature Bridge Bank | 1 | $1.8M | 1 | 100% | Nov 6, 2024 to Nov 6, 2024 | single |
| Hazelview Securities (US) LLC | JPMorgan Chase | 1 | $1.7M | 1 | 50% | Apr 22, 2024 to Apr 22, 2024 | single |
| Dialectic Capital Management, LP | Fehrenbach, Thomas | 1 | $1.4M | 1 | 100% | May 19, 2025 to May 19, 2025 | single |
| Harbor Group International, LLC | Signature CRE 2023 Ventures | 1 | $1.3M | 1 | 9% | Nov 7, 2024 to Nov 7, 2024 | single |
| IVY Equities II, LLC | OceanFirst Bank | 1 | $1.1M | 1 | 7% | Feb 7, 2024 to Feb 7, 2024 | single |
| Dermot Fund Management LLC | The City of New York | 1 | $1.0M | 1 | 4% | Nov 14, 2024 to Nov 14, 2024 | single |