DFX Intelligence
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A• C•••••• M••••••••• L••
Opportunistic real estate managerSEC-registered adviser$1B to $5B· Nashville, Tennessee
Opportunistic real estate manager, based in Nashville, Tennessee, reporting $2.2B of real estate gross assets across 36 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
- $2.2B
- Current vehicles
- 36
- Institutional LPs
- 1
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
Pension and endowment disclosures
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 291880 · SEC 801-112982ShowHide
What capital do they manage?
- Real estate GAV
- $2.2B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 36 current, 37 ever, 1 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- First on the tape
- 2018the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 29, 2024registered adviser
- Adviser RAUM
- $2.2Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 36
- Latest vintage
- 2024from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
confirmed
- Strategy
- Opportunistic
- Operator model
- Operator with outside capitalbasis: stated
- Property types
- Hotel, Multifamily, Mixed use, Single-family rentalbasis: stated
- Markets
- U.S. and U.K., Nashville, Chicago, London, Miami, New Orleans, Southeast U.S. and Texas, United Kingdombasis: stated
- Business kind (site)
- Real estate manager
- AUM in its own words
- $5.9 billion in real estate investmentsthe manager's statement, not a DFX figure
In the manager's own words15 quotesShowHide
- Opportunistic: “Opportunistic Highly-Targeted Investment Thesis”
- Value add: “AJ utilizes development, adaptive reuse, and value-add strategies to generate opportunistic returns from assets that we see as underutilized, underappreciated, and undervalued.”
- Development: “AJ utilizes development, adaptive reuse, and value-add strategies to generate opportunistic returns from assets that we see as underutilized, underappreciated, and undervalued.”
- Hotel: “The boutique hotel collection targets dynamic university towns across the U.S. and the U.K. With more than 33 properties, Graduate Hotels have become well-curated and handcrafted fixtures in top collegiate markets.”
- Multifamily: “Memoir Residential is a branded multifamily platform and a novel approach to contemporary apartment living.”
- Mixed use: “with a specific focus on three sectors: hospitality, residential, and mixed-use communities.”
- Single-family rental: “Outpost Residential delivers branded single-family build-to-rent communities located throughout high-growth markets in the Southeast U.S. and Texas.”
- U.S. and U.K.: “AJ manages over $5.9 billion in real estate investments in markets throughout the U.S. and U.K.”
- Nashville: “Our headquarters are in Nashville, with offices in Chicago, London, Miami, and New Orleans.”
- Chicago: “Our headquarters are in Nashville, with offices in Chicago, London, Miami, and New Orleans.”
- London: “Our headquarters are in Nashville, with offices in Chicago, London, Miami, and New Orleans.”
- Miami: “Our headquarters are in Nashville, with offices in Chicago, London, Miami, and New Orleans.”
- New Orleans: “Our headquarters are in Nashville, with offices in Chicago, London, Miami, and New Orleans.”
- Southeast U.S. and Texas: “Outpost Residential delivers branded single-family build-to-rent communities located throughout high-growth markets in the Southeast U.S. and Texas.”
- United Kingdom: “This collection of iconic hotels celebrates the United Kingdom's most revered golf destinations.”
Vehicles
37 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| G••••••• H••••• R••• E••••• F••• I•• L• 805-4894391512 | fund | $906M GAV 2024 | 518 | 2018 to 2024 | 2018 | Harvesting | 1 | |
| A• N•••••••• P•••• I•• O••••••••• F••• L•• 805-7656108060 | fund | $171M GAV 2024 | 164 | 2022 to 2024 | 2022 | Investing | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• L•• 805-6698878668 | fund | $158M GAV 2024 | 131 | 2022 to 2024 | 2022 | Raising | Opportunistic | |
| A• N•••••••• P•••• I• O••••••••• F••• L•• 805-1340244736 | fund | $137M GAV 2024 | 139 | 2019 to 2024 | 2019 | Investing | Opportunistic | |
| G••••••• H••••• R••• E••••• F••• I• L• 805-8431803631 | fund | $131M GAV 2024 | 65 | 2023 to 2024 | 2023 | Investing | 1 |
All 36 current vehiclesShow fewerlargest GAV first
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| A• B•••• M•••• P•••• F••• L•• 805-7054271078 | fund | $78M GAV 2024 | 93 | 2024 to 2024 | 2024 | Unknown | ||
| A• N•••••••• P•••• I• O••••••••• F••• L•• 805-5125499526 | fund | $76M GAV 2024 | 139 | 2019 to 2024 | 2019 | Mature | Opportunistic | |
| A• S•• A•••••• F••• L•• 805-5808514595 | fund | $73M GAV 2024 | 101 | 2020 to 2024 | 2020 | Investing | ||
| A• R•• F••• L•• 805-9030675217 | fund | $54M GAV 2024 | 95 | 2022 to 2024 | 2022 | Investing | ||
| A• H•••••• I••••• I•••••••• L•• 805-3065085338 | fund | $46M GAV 2024 | 1 | 2022 to 2024 | 2022 | Deploying | ||
| A• M•••• V•••• R••• E••••• F••• L• 805-1588881369 | fund | $44M GAV 2024 | 5 | 2022 to 2024 | 2022 | Harvesting | ||
| A• N•• O•••••• F••• L•• 805-1307356807 | fund | $42M GAV 2024 | 95 | 2020 to 2024 | 2020 | Investing | ||
| T••• L•••••• F••• L•• 805-8572939015 | fund | $33M GAV 2024 | 79 | 2020 to 2024 | 2020 | Investing | ||
| A• A••••• C•••••••• L• 805-3389650856 | co-investment | $28M GAV 2024 | 30 | 2023 to 2024 | 2023 | Investing | ||
| A• B•••••• F••• L•• 805-7824413056 | fund | $27M GAV 2024 | 88 | 2020 to 2024 | 2020 | Investing | ||
| A• P••••••• F••• L•• 805-5654976579 | fund | $24M GAV 2024 | 71 | 2023 to 2024 | 2023 | Investing | ||
| A• T•••• F••• L•• 805-2936123216 | fund | $22M GAV 2024 | 78 | 2021 to 2024 | 2021 | Investing | ||
| T••• L•••••• R••••••••• F••• L•• 805-5446205638 | fund | $21M GAV 2024 | 37 | 2020 to 2024 | 2020 | Investing | ||
| A• L••••• R•••• O••••••••• F••• •••• L•• 805-7642766208 | fund | $20M GAV 2024 | 1 | 2023 to 2024 | 2023 | Investing | Opportunistic | |
| A• D•••••• F••• L•• 805-9406512611 | fund | $17M GAV 2024 | 73 | 2023 to 2024 | 2023 | Investing | ||
| A• H•••• 1••• M••••• L•• 805-3617532754 | fund | $15M GAV 2024 | 37 | 2022 to 2024 | 2022 | Investing | ||
| A• W••• F••• L•• 805-1739890945 | fund | $12M GAV 2024 | 19 | 2023 to 2024 | 2023 | Investing | ||
| A• N•••••••• P•••• I•• O••••••••• F••• •••• L•• 805-7916080791 | fund | $8M GAV 2024 | 1 | 2022 to 2024 | 2022 | Investing | Opportunistic | |
| A• S•• F••• L• 805-4555447276 | fund | $6M GAV 2024 | 4 | 2023 to 2024 | 2023 | Deploying | ||
| A• H•••• 1••• M••••• ••• L•• 805-4186860618 | fund | $5M GAV 2024 | 1 | 2023 to 2024 | 2023 | Investing | ||
| A• L••••• R•••• O••••••••• F••• •••• L•• 805-1127705431 | fund | $3M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• ••• L•• 805-2336994685 | fund | $2M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• N•••••••• P•••• I•• O••••••••• F••• •••• L•• 805-2113462793 | fund | $2M GAV 2024 | 1 | 2022 to 2024 | 2022 | Investing | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• ••••••• L•• 805-3403709283 | fund | $2M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• N•••••••• P•••• I•• O••••••••• F••• ••••••• L•• 805-4267068744 | fund | $2M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• •••• L•• 805-3689626453 | fund | $1M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• N•••••••• P•••• I•• O••••••••• F••• ••••••• L•• 805-3659546812 | fund | $1M GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• ••• L•• 805-6657206136 | fund | $999,268 GAV 2024 | 1 | 2024 to 2024 | 2024 | Unknown | Opportunistic | |
| A• N•••••••• P•••• I•• O••••••••• F••• ••• L•• 805-7256835116 | fund | $976,099 GAV 2024 | 1 | 2024 to 2024 | 2024 | Unknown | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• ••••••• L•• 805-8014641993 | fund | $972,208 GAV 2024 | 1 | 2023 to 2024 | 2023 | Forming | Opportunistic | |
| A• L••••• R•••• O••••••••• F••• ••••• L•• 805-5333604891 | fund | $777,767 GAV 2024 | 1 | 2024 to 2024 | 2024 | Unknown | Opportunistic |
1 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| A• C•••••• R••• E••••• F••• I• L• 805-1346759516, dropped 2021 | fund | $531M GAV 2020 | 353 | 2018 to 2020 | 2018 | 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.
Properties the manager names on its site
- 1• I••• L•••• T•• R••••••••• a• B•••• M•••• V••••••, 1 I••• L•••, Nashville, Tennessee (multifamily) “••• Locked”
- C•••• S•••• I•• • C•••••••, Harbour Island, Bahamas (hotel) “••• Locked”
- B•••• M•••• P••••, Nashville, Tennessee (mixed_use) “••• Locked”
- R•••••• S• A••••••, St A••••••, Scotland (hotel) “••• Locked”
- M•• P•••• I•• • P••• N•••••• L••••, Southern P••••, North Carolina (hotel) “••• 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?
1 allocator, 2 rows
- R••••••• F••••••••• in G••••••• H••••• R••• E••••• F••• I•• L• exact name$8.9M fair value, as of Dec 31, 2024 apps.irs.gov
- R••••••• F••••••••• in G••••••• H••••• R••• E••••• F••• I• L• exact name$3.9M fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- E••• D••••• H••••••••• President since 2017-12
- K•••••• K• B•••••• Chief Compliance Officer since 2023-03
- B••••••• J•••• W••••• Trustee since 2023-04
- A••••• J•• W••••• Manager since 2023-04
- M••• A•• W••••• Trustee since 2023-04
What is changing?
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
Full timeline · 30 eventsShow fewer
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2021 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 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.