DFX Intelligence
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P••••••• R••••
Multi-strategy real estate managerSEC-registered adviser$1B to $5B· New Y•••, New York
Multi-strategy real estate manager, based in New Y•••, New York, reporting $2.2B of real estate gross assets across 13 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
- 13
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 299594 · SEC 801-114474ShowHide
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
- 13 current, 15 ever, 1 dropped4 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 27, 2024registered adviser
- Adviser RAUM
- $3.6Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Hedge Fund 1, Real Estate Fund 13
- Latest vintage
- 2022from 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
- Multi-strategy
- Operator model
- Hybridbasis: stated
- Property types
- Multifamily, Industrial, Hotel, Office, Student housing, Retailbasis: stated
- Markets
- United States, United States, United Statesbasis: stated
- Business kind (site)
- Real estate manager
In the manager's own words15 quotesShowHide
- Opportunistic: “Opportunistic / Value-Add”
- Value add: “Opportunistic / Value-Add”
- Debt: “Real Estate Credit”
- Development: “Customized, tax-efficient investments, focused on developing high quality real estate in designated Qualified Opportunity Zones”
- Multifamily: “Our P•••••••• consists of a diverse set of asset classes including multifamily, industrial, hospitality, office, student housing and other niche sectors.”
- Industrial: “Our P•••••••• consists of a diverse set of asset classes including multifamily, industrial, hospitality, office, student housing and other niche sectors.”
- Hotel: “Our P•••••••• consists of a diverse set of asset classes including multifamily, industrial, hospitality, office, student housing and other niche sectors.”
- Office: “Our P•••••••• consists of a diverse set of asset classes including multifamily, industrial, hospitality, office, student housing and other niche sectors.”
- Student housing: “Our P•••••••• consists of a diverse set of asset classes including multifamily, industrial, hospitality, office, student housing and other niche sectors.”
- Retail: “Financing available across a range of real estate asset classes, including multifamily, industrial, hospitality, retail, student housing and other property types, throughout the United States”
- Senior housing: “S••••• H•••••• debt C•••••••• S••••• H•••••• C••••••••, NC”
- Land: “S••••• H•••••• M••••••••• H•••• I••••••••• Development Office Student H•••••• Land”
- United States: “P••••••• R•••• is a leading investment manager specializing in thoughtful private equity real estate investing in the United States.”
- United States: “Financing available across a range of real estate asset classes, including multifamily, industrial, hospitality, retail, student housing and other property types, throughout the United States”
- United States: “Draw on expertise throughout the U.S and across asset classes including multifamily, industrial, hospitality, office, student housing, and other niche sectors.”
Vehicles
15 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| P••••••• R•••• U••• R••• E••••• P••••••• I•• L••• 805-7190777554 | master | $1.4B GAV 2024 | 48 | 2020 to 2024 | 2020 | Harvesting | Opportunistic | |
| P••••••• R•••• R••• E••••• D••• F••• L••• 805-6334310887 | master | $520M GAV 2024 | 16 | 2022 to 2024 | 2022 | Investing | Debt | |
| P••••••• R•••• W• C•••••••• L••• 805-2899754679 | co-investment | $133M GAV 2024 | 3 | 2022 to 2024 | 2022 | Investing | ||
| A• P• Q•• I• L••• 805-7245033286 | fund | $47M GAV 2024 | 59 | 2020 to 2024 | 2020 | Deploying | ||
| A• P• Q•• I• L••• 805-4939811537 | fund | $39M GAV 2024 | 50 | 2020 to 2024 | 2020 | Harvesting |
All 13 current vehiclesShow fewerlargest GAV first
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| A• P• Q•• I•• L••• 805-2239726772 | fund | $30M GAV 2024 | 95 | 2022 to 2024 | 2022 | Harvesting | ||
| A• P• Q•• I• L••• 805-8231882326 | fund | $16M GAV 2024 | 96 | 2022 to 2024 | 2022 | Harvesting | ||
| A•••• I• H••• C•••••••• L••• 805-5364737277 | co-investment | $12M GAV 2024 | 22 | 2020 to 2024 | 2020 | Harvesting | ||
| A• P• P••••••• Q•• I• L••• 805-6287649514 | feeder | $2M GAV 2024 | 11 | 2020 to 2024 | 2020 | Harvesting | ||
| A• P• P••••••• Q•• I• L••• 805-4230126218 | feeder | $2M GAV 2024 | 7 | 2020 to 2024 | 2020 | Deploying | ||
| A• P• P••••••• Q•• I•• L••• 805-6494360625 | feeder | $803,674 GAV 2024 | 7 | 2022 to 2024 | 2022 | Harvesting | ||
| A• P• P••••••• Q•• I• L••• 805-1692195354 | feeder | $669,854 GAV 2024 | 9 | 2022 to 2024 | 2022 | Harvesting | ||
| P••••••• R•••• B•••• J•••• V•••••• L••• 805-3124474607 | master | $0 GAV 2024 | 8 | 2022 to 2024 | 2022 | Winding down |
2 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| A• P• R••• E••••• E••••• P••• F••• L••• 805-7632698499, re-typed Hedge Fund | master | $550M GAV 2024 | 17 | 2022 to 2024 | 2022 | Investing | ||
| A•••• I• W• C•••••••• L••• 805-6735463188, dropped 2023 | co-investment | $828,735 GAV 2022 | 3 | 2020 to 2022 | 2020 | 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
- 2• T••••• L•••, Henderson, NV (m•••••••••) “••• Locked”
- A••••• C••••••• C•••••, Reno, NV (i•••••••••) “••• Locked”
- A•••••• L••••• H••••, A••••••, CA (h••••) “••• Locked”
- A•••••• P••••••••, Various (m•••••••••) “••• Locked”
- B••••••• N•• Y••• M••••••••• P••••••••, B•••••••, NY (m•••••••••) “••• Locked”
- C•••••••• S••••• H••••••, C••••••••, NC (s••••• h••••••) “••• Locked”
- D••••• B•••• M•••••••••, D••••• B••••, FL (m•••••••••) “••• Locked”
- F•••••• I••••••••• P••••••••, Various, FL (i•••••••••) “••• Locked”
- F••• M•••• B•••• H••••, F••• M•••• B••••, FL (h••••) “••• Locked”
- H•••••••• C•••• P••••••••, Various (m•••••••••) “••• Locked”
- K••••• V••••••, Peachtree City, GA (r•••••) “••• Locked”
- L••• A•••••••••, San Jose, CA (m•••••••••) “••• 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
- B•••••• H•••• P•••••• General Counsel / Chief Compliance Officer since 2019-10 also on vc
- J•• S•••• N••••• Partner since 2021-04
- B•••• S••••• C••••• Partner since 2021-04
- S•••••• J••••• I•••• President since 2022-01
- A•• B••• B•••• Chief Financial Officer since 2023-05
What is changing?
- Vehicle dropped from ADV Mar 29, 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
Full timeline · 17 eventsShow fewer
- 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 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2020 (observed) ••• Locked
- First ADV filing on the tape Nov 20, 2018 (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.