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.
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Manager
R••••••• M••••••••• S••••••• L••
What capital do they manage?
- Real estate GAV
- $239M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 4 current, 9 ever, 4 dropped1 feeders, 0 funds of funds
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 26, 2024registered adviser
- Adviser RAUM
- $5.2Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 4, Other Private Fund 1
- Latest vintage
- 2016from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
stated by the manager
- Strategy
- Core
- Operator model
- Operator with outside capitalbasis: stated
- Property types
- Landbasis: stated
- Markets
- United States, Pacific Northwest, Brazil, Australia, New Zealand, U.S. Southeastbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $5.8 billion (2.3 million acres)the manager's statement, not a DFX figure
- Parent
- Independently owned (no parent company)
In the manager’s own words
- Core: “RMS serves sophisticated institutional investors by acquiring and managing core timber assets in established, high performing timber markets across the globe.”
- Land: “helped pioneer the business model for institutions investing in timber as an asset class”
- United States: “We oversee forest investment operations in the United States, Pacific Northwest, Brazil and invest in other major timber-producing regions of the world, including Australia and New Zealand.”
- Pacific Northwest: “We oversee forest investment operations in the United States, Pacific Northwest, Brazil and invest in other major timber-producing regions of the world, including Australia and New Zealand.”
- Brazil: “We oversee forest investment operations in the United States, Pacific Northwest, Brazil and invest in other major timber-producing regions of the world, including Australia and New Zealand.”
- Australia: “We oversee forest investment operations in the United States, Pacific Northwest, Brazil and invest in other major timber-producing regions of the world, including Australia and New Zealand.”
- New Zealand: “We oversee forest investment operations in the United States, Pacific Northwest, Brazil and invest in other major timber-producing regions of the world, including Australia and New Zealand.”
- U.S. Southeast: “RMS' global headquarters is in Birmingham, Alabama in the heart of the world's largest, most diverse and most productive timber producing region – the U.S. Southeast.”
Vehicles
9 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| R•• F••••• G••••• I••• L••• 805-8536692213 | fund | $128M GAV 2024 | 8 | 2013 to 2024 | 2013 | Harvesting | |||
| R•• F••••• G••••• B•••••• L• 805-3022363564 | fund | $48M GAV 2024 | 1 | 2015 to 2024 | 2015 | Investing | |||
| R•• F••••• G••••• I••••••••• L••• 805-8874467293 | fund | $35M GAV 2024 | 4 | 2013 to 2024 | 2013 | Harvesting | |||
| R•• F••••• G••••• I••••• L••• 805-2916359736 | feeder | $27M GAV 2024 | 1 | 2013 to 2024 | 2013 | Mature |
5 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| R•• E•••••••• U• F••••••••• F•••• L• 805-9353661121, re-typed Other Private Fund | fund | $1.1B GAV 2024 | 19 | 2016 to 2024 | 2016 | Mature | |||
| R•• O••••••••• F••• I• L• 805-4565768579, dropped 2019 | fund | $402M GAV 2018 | 12 | 2012* to 2018 | unknown | Dropped from ADV | Opportunistic | ||
| R•• F••••• G••••• I•• L• 805-4863441704, dropped 2019 | fund | $112M GAV 2018 | 5 | 2012* to 2018 | unknown | Dropped from ADV | |||
| R•• A••••••••• F•••••• F••• I• L• 805-4007785726, dropped 2021 | fund | $105M GAV 2020 | 5 | 2016 to 2020 | 2016 | Dropped from ADV | |||
| R•• F••••• G••••• C••••• L••• 805-1323219358, dropped 2021 | fund | $331,795 GAV 2020 | 3 | 2013 to 2020 | 2013 | Dropped from ADV |
What do they actually own?
0 trusted of 0 candidate bindings
No validated holdings yet. Candidate bindings stay off this page until their rule passes the blind-label gate.
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
No attributed events yet. An event reaches this page only through a validated holding binding.
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- P•••••• L•••• G•••••• Member since 2004-01
- B••••••• N•• R•••••• Member since 2006-03
- D••••• G••••• D••••• Chief Financial Officer since 2009-10
- C•••••• C•••••• C•••••• Executive Vp, Operations since 2014-10
- T••••• T••••••• L••••••• Board Memeber since 2016-03
- M••• K•• G•••• Senior Vp, Corporate Communications since 2016-08
- L•••• M••••••• C••••• Manager, F••••• Planning since 2020-07
- D•••••• C• S••••••• Board Member since 2020-10 also on pe
- R•••••• H••••• D••• Board Member since 2020-10
- W•••••• A••• H••••• President And Ceo since 2021-10
- C•••• F••••••• B•••• Chairman Of The Board Of Managers since 2021-10
- C•••••• C••• P•••••• Executive Vp, Investments since 2021-10
What is changing?
- Vehicle dropped from ADV Mar 30, 2021 (observed) R•• F••••• G••••• C••••• L••• no longer reported on Form ADV by R••••••• M••••••••• S••••••• L••
- Vehicle dropped from ADV Mar 30, 2021 (observed) R•• A••••••••• F•••••• F••• I• L• no longer reported on Form ADV by R••••••• M••••••••• S••••••• L••
- Vehicle dropped from ADV Mar 29, 2019 (observed) R•• O••••••••• F••• I• L• no longer reported on Form ADV by R••••••• M••••••••• S••••••• L••
- Vehicle dropped from ADV Mar 29, 2019 (observed) R•• F••••• G••••• I•• L• no longer reported on Form ADV by R••••••• M••••••••• S••••••• L••
- Vehicle first reported Mar 30, 2016 (observed) R•• A••••••••• F•••••• F••• I• L• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $112,836,811
- Vehicle first reported Mar 30, 2016 (observed) R•• E•••••••• U• F••••••••• F•••• L• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $614,687,801
- Vehicle first reported Mar 31, 2015 (observed) R•• F••••• G••••• B•••••• L• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $13,114,850
- Vehicle first reported Apr 25, 2013 (observed) R•• F••••• G••••• I••••••••• L••• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $38,959,943
- Vehicle first reported Apr 25, 2013 (observed) R•• F••••• G••••• C••••• L••• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $37,040,000
- Vehicle first reported Mar 28, 2013 (observed) R•• F••••• G••••• I••• L••• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $108,609,173
- Vehicle first reported Mar 28, 2013 (observed) R•• F••••• G••••• I••••• L••• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $13,703,688
- First ADV filing on the tape Apr 3, 2012 (observed) R••••••• M••••••••• S••••••• L•• first filed Form ADV in the extract (IA)
- Vehicle first reported Apr 3, 2012 (observed) R•• F••••• G••••• I•• L• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $269,184,087 (tape start: the fund may be older)
- Vehicle first reported Apr 3, 2012 (observed) R•• O••••••••• F••• I• L• first reported on Form ADV by R••••••• M••••••••• S••••••• L••, GAV $646,889,237 (tape start: the fund may be older)
Across DFX
Bridged by shared CRD, CIK or SEC fund id only; the same institution’s PE portfolio companies and its real estate holdings stay on their own graphs.