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B••••••••• P•••••••••
Development real estate managerSEC-registered adviser$1B to $5B· Los Angeles, California
Development real estate manager, based in Los Angeles, California, reporting $2.6B of real estate gross assets across 11 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
- $2.6B
- Current vehicles
- 11
- Properties held
- 2
- Institutional LPs
- Not established
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
Deeds, filings and the manager's own site, bound to its vehicles
As of · the latest Form ADV filing; property activity carries its own dates
Why this matters
- Lender groups 1
- Graphs 1
Identifiers, size band and strategyCRD 309668 · SEC 801-119412ShowHide
What capital do they manage?
- Real estate GAV
- $2.6B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 11 current, 20 ever, 9 dropped1 feeders, 1 funds of funds
- First on the tape
- 2020the extract starts in 2011; an earlier history is not visible
- Latest filing
- May 2, 2024registered adviser
- Adviser RAUM
- $2.6Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 11
- Latest vintage
- 2024from 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
- Development
- Operator model
- Hybridbasis: stated
- Property types
- Life sciencebasis: stated
- Markets
- San Diego, CA, Boston, MA, Cambridge, United Kingdom, Oxford, United Kingdom, Amsterdam, Netherlands, B••••••, CO, Philadelphia, PA, Cambridge, MAbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- Parent
- Tishman Speyer and Bellco Capital (joint venture)
In the manager’s own words
- Development: “is a global life science real estate developer, owner and operator of research and development facilities for mission-driven companies”
- Value add: “B••••••••• launched the value-add fund”
- Debt: “B••••••••• P••••••••• and Tishman Speyer have joined forces to originate a $90 million mezzanine bridge loan on Aperture Del Mar”
- Life science: “is a global life science real estate developer, owner and operator of research and development facilities for mission-driven companies”
- San Diego, CA: “M••• b• B••••••••• San Diego, CA”
- Boston, MA: “O•• M•••••••• a• E•• Boston, MA”
- Cambridge, United Kingdom: “V••••• b• B••••••••• Cambridge, United Kingdom”
- Oxford, United Kingdom: “T•••••• b• B••••••••• Oxford, United Kingdom”
- Amsterdam, Netherlands: “O•• H•••• b• B••••••••• Amsterdam, Netherlands”
- B••••••, CO: “B•••••• 3• B• B••••••••• B••••••, CO”
- Philadelphia, PA: “2••• M••••• b• B••••••••• Philadelphia, PA”
- Cambridge, MA: “O•• C•••• b• B••••••••• Cambridge, MA”
- Seattle, WA: “Life sciences specialist B••••••••• P••••••••• has acquired a newly delivered biomanufacturing facility outside Seattle for $78 million”
Vehicles
20 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| B••••••••• P••••••••• G••••• P•••••••• I• L••• 805-6082231865 | fund | $2.0B GAV 2024 | 96 | 2020 to 2024 | 2020 | Investing | ||
| B••••••••• P••••••••• I••••• P••••••••• L••• 805-3324311560 | fund | $362M GAV 2024 | 96 | 2023 to 2024 | 2023 | Investing | ||
| A•••••• C••••••••• F••••• V••••••• L••• 805-8663223187 | feeder | $87M GAV 2024 | 11 | 2023 to 2024 | 2023 | Investing | ||
| H•••• A•••••• C••••••••• L••• 805-8140467683 | co-investment | $49M GAV 2024 | 1 | 2022 to 2024 | 2022 | Investing | ||
| T•• A•••••• C••••••••• L••• 805-8448010442 | co-investment | $24M GAV 2024 | 1 | 2022 to 2024 | 2022 | Investing | ||
| D•• A•••••• C••••••••• L••• 805-9907710882 | co-investment | $22M GAV 2024 | 30 | 2022 to 2024 | 2022 | Raising | ||
| M•••• L••• T•••••• C••••••••• L••• 805-9592737828 | co-investment | $22M GAV 2024 | 4 | 2024 to 2024 | 2024 | Unknown | ||
| J•••••• A•••••• C••••••••• L••• 805-4118656105 | co-investment | $20M GAV 2024 | 1 | 2022 to 2024 | 2022 | Investing | ||
| L••• A•••••• C••••••••• L••• 805-3835396389 | co-investment | $20M GAV 2024 | 1 | 2024 to 2024 | 2024 | Unknown | ||
| D••• A•••••• C••••••••• L••• 805-5094342326 | co-investment | $10M GAV 2024 | 55 | 2022 to 2024 | 2022 | Investing | ||
| B••••••••• P••••••••• E••••••• F••••• F••• I• L••• 805-1571328576 | fund of funds | $0 GAV 2024 | 23 | 2023 to 2024 | 2023 | Unknown |
9 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| P•••••• A•••••• C••••••••• L••• 805-1019417962, dropped 2023 | co-investment | $30M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| M• P••••••• A•••••• C••••••••• L••• 805-4808128257, dropped 2023 | co-investment | $12M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| C••••• C•••••• A•••••• C••••••••• L••• 805-4146845680, dropped 2023 | co-investment | $10M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| G•••••• C•••••• A•••••• C••••••••• L••• 805-1795827698, dropped 2023 | co-investment | $10M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| R•••• I• A•••••• C••••••••• L••• 805-3640941436, dropped 2023 | co-investment | $5M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| L••••••• A•••••• C••••••••• L••• 805-1456946879, dropped 2023 | co-investment | $5M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| G•••• A••••••••• A•••••• C••••••••• L••• 805-8555848428, dropped 2023 | co-investment | $5M GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| D••••••• A•••••• C••••••••• L••• 805-5493165551, dropped 2023 | co-investment | $533,688 GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV | ||
| C•• C•••••• A•••••• C••••••••• L••• 805-2168889942, dropped 2023 | co-investment | $533,688 GAV 2022 | 1 | 2022 to 2022 | 2022 | Dropped from ADV |
What do they actually own?
2 trusted of 3 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| B••••••••• P••••••••• L•• CA | manager only | 1 | 1 ($45.0M) | Corporate filing cmbs_annex_sponsor_named |
| B••••••••• P••••••••• I••••• P••••••••• L••• CA | B••••••••• P••••••••• I••••• P••••••••• L••• | 1 | 1 ($20.0M) | Corporate filing cmbs_annex_sponsor_named |
Properties the manager names on its site
- M••• b• B•••••••••, San Diego, CA (life science) “••• Locked”
- C••••• R••••, San Diego, CA (life science) “••• Locked”
- B•••••• 3• B• B•••••••••, B••••••, CO (life science) “••• Locked”
- V••••• b• B•••••••••, Cambridge, United Kingdom (life science) “••• Locked”
- O•• M•••••••• a• E••, Boston, MA (life science) “••• Locked”
- E•••••• P•••, San Diego, CA (life science) “••• Locked”
- T•••••• b• B•••••••••, Oxford, United Kingdom (life science) “••• Locked”
- O•• H•••• b• B•••••••••, Amsterdam, Netherlands (life science) “••• Locked”
- G••••••• P••••• B• B•••••••••, San Diego, CA (life science) “••• Locked”
- 2••• M••••• b• B•••••••••, 2300 M•••••, Philadelphia, PA (life science) “••• Locked”
- 2•• A• S••••• D•••••••••, 232 A S•••••, Boston, MA (life science) “••• Locked”
- O•• C•••• b• B•••••••••, One C••••, Cambridge, MA (life science) “••• Locked”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
- loan eventFeb 2, 2026$20.0Mcmbs_trust11202,11208,11214 El Camino Real, CA through B••••••••• P••••••••• I••••• P••••••••• L••• with B•••••••• 2••••••• M••••••• T••••Securitised debt reporting sec.gov
- loan eventApr 30, 2025$45.0Mcmbs_trust3040 and 3050 Science P••• Road, CA through B••••••••• P••••••••• L•• with B•• 2•••••••• M••••••• T••••Securitised debt reporting sec.gov
Who finances them?
2 loans, 1 lender groups, next maturity Mar 6, 2030
- cmbs_trust new2 loans, $65.0M, Apr 30, 2025 to Feb 2, 2026
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- H•••• A••••••• Trusttee since 1996-06
- R••••• J•••••• S••••• President, Chief Executive Officer since 2001-01
- J•••• I••••• S••••• Chairman since 2008-06
- J••••• A•••• K•••• Trustee since 2017-11 also on vc
- D••••• B••••••••• Chief Executive Officer since 2019-04
- R•••••• B••••••••• Trustee since 2020-04 also on vc
- A••• B••••••••• Trustee since 2020-04 also on vc
- L••••• S•••• C••• Chief Financial Officer since 2020-07
- D••••• W•••••• D•••••• Chief Investment Officer And Executive Vice President since 2021-12
- S•••• G••••• H••••••• Chief Business Officer since 2023-01 also on vc
- J••••••• L•••• W•••• Senior Vice President, Legal And Chief Compliance Officer since 2024-01
What is changing?
- Vehicle first reported Mar 28, 2024 (observed) ••• Locked
- Vehicle first reported Mar 28, 2024 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV 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 dropped from ADV Mar 31, 2023 (observed) ••• Locked
- Vehicle dropped from ADV 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, 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 Dec 11, 2020 (observed) ••• Locked
- First ADV filing on the tape Aug 7, 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.