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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
What capital do they manage?
- Real estate GAV
- $2.1B 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, 11 ever, 0 dropped0 feeders, 0 funds of funds
- First on the tape
- 2013the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 22, 2024registered adviser
- Adviser RAUM
- $2.3Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 11, Other Private Fund 3
- 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
- Value add
- Operator model
- Fund managerbasis: stated
- Property types
- Multifamily, Industrial, Officebasis: stated
- Markets
- South Atlantic, West Central South, West Mountain, Florida, Texas, Arizona, Georgia, North Carolinabasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- Over 19.3 million SF acquired to date; manages in excess of 6.7 million SFthe manager's statement, not a DFX figure
In the manager’s own words
- Value add: “commercial real estate investment manager focused on value-add real estate acquisitions”
- Value add: “TerraCap’s value-oriented approach historically consists of purchasing properties below replacement cost with conservative leverage.”
- Multifamily: “TerraCap acquires the major property types in our target markets – primarily multifamily, industrial, and office properties.”
- Industrial: “TerraCap acquires the major property types in our target markets – primarily multifamily, industrial, and office properties.”
- Office: “TerraCap acquires the major property types in our target markets – primarily multifamily, industrial, and office properties.”
- South Atlantic: “We focus on the South Atlantic, West Central South, and West Mountain regions of the United States since our research indicates employment and population growth in those regions is rapid, supply is limited, and prices are lower than overpriced primary gateway markets.”
- West Central South: “We focus on the South Atlantic, West Central South, and West Mountain regions of the United States since our research indicates employment and population growth in those regions is rapid, supply is limited, and prices are lower than overpriced primary gateway markets.”
- West Mountain: “We focus on the South Atlantic, West Central South, and West Mountain regions of the United States since our research indicates employment and population growth in those regions is rapid, supply is limited, and prices are lower than overpriced primary gateway markets.”
- Florida: “FL . TX . AZ . GA . NC . CO”
- Texas: “FL . TX . AZ . GA . NC . CO”
- Arizona: “FL . TX . AZ . GA . NC . CO”
- Georgia: “FL . TX . AZ . GA . NC . CO”
- North Carolina: “FL . TX . AZ . GA . NC . CO”
- Colorado: “FL . TX . AZ . GA . NC . CO”
- South Carolina: “TerraCap Invests in Strategic Markets Across the U.S. FLORIDA TEXAS ARIZONA GEORGIA NORTH CAROLINA SOUTH CAROLINA COLORADO”
Vehicles
11 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| T••••••• P••••••• V• ••••••••• L• 805-1490631481 | master | $1.4B GAV 2024 | 78 | 2021 to 2024 | 2021 | Harvesting | |||
| T••••••• P••••••• I• ••••••••• L• 805-6973263694 | master | $441M GAV 2024 | 45 | 2017 to 2024 | 2017 | Harvesting | |||
| T••••••• P••••••• I•• ••••••••• L• 805-5184778115 | fund | $113M GAV 2024 | 29 | 2014 to 2024 | 2014 | Harvesting | |||
| T••••••• P••••••• V• •••• L• 805-8006772109 | fund | $51M GAV 2024 | 48 | 2021 to 2024 | 2021 | Harvesting | |||
| T••••••• P••••••• I• •••• L• 805-1614818737 | fund | $28M GAV 2024 | 50 | 2017 to 2024 | 2017 | Harvesting | |||
| T••••••• P••••••• I•• •••• L• 805-9340625086 | fund | $10M GAV 2024 | 52 | 2014 to 2024 | 2014 | Harvesting | |||
| T••••••• P••••••• I• ••••••••• L• 805-4041910947 | fund | $7M GAV 2024 | 21 | 2013* to 2024 | unknown | Winding down | |||
| T••••••• P•••••••• L• 805-6301715573 | fund | $3M GAV 2024 | 92 | 2013* to 2024 | unknown | Winding down | |||
| T••••••• P••••••• I• •••• L• 805-3309896434 | fund | $3M GAV 2024 | 80 | 2013* to 2024 | unknown | Winding down | |||
| T••••••• P••••••• V• ••••••••• L• 805-6928186913 | master | $0 GAV 2024 | 24 | 2024 to 2024 | 2024 | Unknown | |||
| T••••••• P••••••• V• •••• L• 805-4525175261 | fund | $0 GAV 2024 | 13 | 2024 to 2024 | 2024 | Unknown |
What do they actually own?
1 trusted of 3 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| B••• C••••••• C••••• L•• FL, warehouse, distribution | manager only | 1 assessed $14.0M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor |
Properties the manager names on its site
- B••• C••••••• C•••••, 1141 S. Rogers Circle, B••• Raton, FL (industrial) “T••••••• M••••••••• L••, a privately held investment firm headquartered in Naples, FL, announced today the acquisition of B••• C••••••• C•••••, a 70,927 square foot multi-tenant industrial property located at 1141 S. Rogers Circle, B••• Raton, Florida.”
- T•••• a• A•••••••• A•••••••••, Phoenix, AZ (multifamily) “T••••••• M••••••••• L••, a privately held investment firm with its headquarters in Naples, FL, announced today the acquisition of T•••• a• A•••••••• A•••••••••, a 1998-built, 360-unit apartment complex located in the A•••••••• Ranch submarket of Phoenix, AZ.”
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
- R••••• M••••• G••• Managing Principal since 2001-01 also on pe
- W••••• S•••••• H••••••••• Managing Principal since 2008-06 also on pe
- J••• M••••••• C••••• d• O••••••• Chief Compliance Officer since 2024-03 also on pe
What is changing?
- Vehicle first reported Mar 22, 2024 (observed) T••••••• P••••••• V• •••• L• first reported on Form ADV by T••••••• M••••••••• L••
- Vehicle first reported Mar 22, 2024 (observed) T••••••• P••••••• V• ••••••••• L• first reported on Form ADV by T••••••• M••••••••• L••
- Vehicle first reported Mar 31, 2021 (observed) T••••••• P••••••• V• ••••••••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $133,047,002
- Vehicle first reported Mar 31, 2021 (observed) T••••••• P••••••• V• •••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $4,833,329
- Vehicle first reported Mar 30, 2017 (observed) T••••••• P••••••• I• ••••••••• L• first reported on Form ADV by T••••••• M••••••••• L••
- Vehicle first reported Mar 30, 2017 (observed) T••••••• P••••••• I• •••• L• first reported on Form ADV by T••••••• M••••••••• L••
- Vehicle first reported Jun 16, 2014 (observed) T••••••• P••••••• I•• ••••••••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $8,205,250
- Vehicle first reported Jun 16, 2014 (observed) T••••••• P••••••• I•• •••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $6,136,250
- First ADV filing on the tape Dec 2, 2013 (observed) T••••••• M••••••••• L•• first filed Form ADV in the extract (IA)
- Vehicle first reported Dec 2, 2013 (observed) T••••••• P••••••• I• ••••••••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $54,200,000 (tape start: the fund may be older)
- Vehicle first reported Dec 2, 2013 (observed) T••••••• P••••••• I• •••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $33,138,172 (tape start: the fund may be older)
- Vehicle first reported Dec 2, 2013 (observed) T••••••• P•••••••• L• first reported on Form ADV by T••••••• M••••••••• L••, GAV $46,598,757 (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.