DFX Intelligence
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I••••• I••••••••• M••••••••• L••
Distressed real estate managerSEC-registered adviserunder $1B· New York, New York
Distressed real estate manager, based in New York, New York, reporting $742M of real estate gross assets across 2 vehicles.
Composed from this manager's Form ADV filings and classification.
As of · the latest Form ADV filing; property activity carries its own dates
- Real estate GAV
- $742M
- Current vehicles
- 2
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
As of · the latest Form ADV filing; property activity carries its own dates
Nothing material in the last 365 days. No dated change on record yet.
Identifiers, size band and strategyCRD 308097 · SEC 801-119148ShowHide
What capital do they manage?
- Real estate GAV
- $742M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 2 current, 2 ever, 0 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- First on the tape
- 2020the extract starts in 2011; an earlier history is not visible
- Latest filing
- Jul 29, 2024registered adviser
- Adviser RAUM
- $781Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 2, Private Equity Fund 5
- Latest vintage
- 2021from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
confirmed
- Strategy
- Distressed
- Operator model
- Hybridbasis: stated
- Property types
- Multifamily, Office, Retail, Hotel, Industrialbasis: stated
- Markets
- Wilmington, NCbasis: stated
- Business kind (site)
- Real estate manager
- AUM in its own words
- $4.2 billionthe manager's statement, not a DFX figure
- Parent
- I••••• Capital Group LLC
In the manager's own words10 quotesShowHide
- Distressed: “For over 35 years, we have been a pioneer in distressed real estate and real estate securities investing.”
- Special situations: “Special Situations: Distressed debt, recapitalizations, and non-performing loans.”
- Opportunistic: “Acquiring high-quality assets at significant discounts to replacement cost.”
- Debt: “From the equity-focused foundations of Insignia Financial Group to the debt and special servicing expertise of C-III Capital Partners, we have consistently turned market challenges into value.”
- Multifamily: “Multifamily & Residential: Capitalizing on supply imbalances in growth markets.”
- Office: “Office, Retail, Hospitality & Industrial: Acquiring high-quality assets at significant discounts to replacement cost.”
- Retail: “Office, Retail, Hospitality & Industrial: Acquiring high-quality assets at significant discounts to replacement cost.”
- Hotel: “Office, Retail, Hospitality & Industrial: Acquiring high-quality assets at significant discounts to replacement cost.”
- Industrial: “Office, Retail, Hospitality & Industrial: Acquiring high-quality assets at significant discounts to replacement cost.”
- Wilmington, NC: “P••• 3• Wilmington, NC | Multifamily”
Vehicles
2 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| I••••• N•• R••••••• F••• I• L••• 805-8877927066 | fund | $443M GAV 2024 | 36 | 2020* to 2024 | unknown | Investing | Distressed | |
| I••••• R••••••• F••• I• L••• 805-3277801992 | fund | $299M GAV 2024 | 39 | 2021 to 2024 | 2021 | Investing | Distressed |
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.
Properties the manager names on its site
- P••• 3•, Wilmington, NC (multifamily) “••• Locked”
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
- A••••• L••••••• F••••• Member since 2003-07 also on pe
- J•••••• P•••••• C•••• President And Executive Managing Director since 2020-02 also on pe
- K•••••••• D••• F••••• Senior Managing Director since 2020-02 also on pe
- P••• A••••• H•••••• Executive Managing Director since 2020-02 also on pe
- T••• C••••• K•••• Vice President And Controller since 2020-02 also on pe
- M••• Z•• L•••• Senior Managing Director, Co-General Counsel And Secretary since 2020-02 also on pe
- R••••• C•••• L••••• Executive Managing Director since 2020-02 also on pe
- M••• W•••••• L••• Executive Managing Director since 2020-02 also on pe
- E••••• C• T•• Senior Managing Director since 2020-02 also on pe
- D•••• W••••• W•••• Managing Director since 2020-02 also on pe
Full team · 13 peopleShow fewer
- J•• B••• S••••••••• Senior Managing Director since 2020-02 also on pe
- L••••••• S••••• B•••• Senior Managing Director, Co-General Counsel And Chief Compliance Officer since 2020-02 also on pe
- J•••••• T••••• P••••• Senior Managing Director since 2023-06 also on pe
What is changing?
- Vehicle first reported Dec 20, 2021 (observed) ••• Locked
- First ADV filing on the tape Jun 25, 2020 (observed) ••• Locked
Across DFXHow records are bridgedBridged 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.
Not yet on record: properties held, institutional LPs.