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R•••• C•••••• P•••••••

Multi-strategy real estate managerSEC-registered adviser$1B to $5B· New York, New York

Multi-strategy real estate manager, based in New York, New York, reporting $1.1B of real estate gross assets across 2 vehicles.

Composed from this manager's Form ADV filings and classification.

Real estate GAV
$1.1B
Form ADV, Schedule D, real estate vehicles summed
Current vehicles
2
Form ADV, Schedule D 7.B.(1)
Institutional LPs
4
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 166815 · SEC 801-77757Show
CRD 166815SEC 801-77757$1B to $5BMulti-strategyForm ADV
What capital do they manage?
Real estate GAV
$1.1B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
Vehicles
2 current, 10 ever, 7 dropped1 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShow
First on the tape
2013the extract starts in 2011; an earlier history is not visible
Latest filing
Apr 24, 2024registered adviser
Adviser RAUM
$1.8Bthe whole adviser, all strategies; used for the quarantine test only
Fund types on the latest filing
Hedge Fund 2, Real Estate Fund 2
Latest vintage
2023from 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
Fund managerbasis: stated
Property types
Industrial, Self storage, Single-family rentalbasis: stated
Markets
United Statesbasis: stated
Business kind (site)
Real estate manager
AUM in its own words
$3.4 billion of capital invested since inceptionthe manager's statement, not a DFX figure
In the manager's own words9 quotesShow
  • Opportunistic:R•••• targets opportunistic returns by investing in assets experiencing dislocation or distress at the property level or within the sponsorship.
  • Value add:R•••• invests in sub and non-performing loans, value-add and opportunistic equity as well as selective development opportunities.
  • Debt:R•••• manages vehicles that prioritize the preservation of capital as well as income generation.
  • Distressed:Since inception, R•••• has invested $3.4 billion of capital in transactions involving distressed debt, direct equity acquisitions, commercial mortgage-backed securities, subordinate debt, and first mortgages.
  • Development:R•••• invests in sub and non-performing loans, value-add and opportunistic equity as well as selective development opportunities.
  • Industrial:Industrial & Last Mile Distribution
  • Self storage:Self Storage
  • Single-family rental:Single Family Rental
  • United States:R••••’s unique access to a diverse set of investment opportunities stems from its active involvement in both the U.S. commercial real estate debt and equity markets.
Vehicles
10 on Form ADV
VehicleKindGAVOwnersReportedVintageLifecycleName saysLPs
R•••• R••• E••••• F••• I• L•
805-6020485138
fund$596M GAV 2024202018 to 20242018Harvesting
R•••• R••• E••••• F••• I•• L•
805-1729706320
fund$466M GAV 2024812023 to 20242023Deploying1
8 dropped, re-typed or historical vehicles
VehicleKindGAVOwnersReportedVintageLifecycleName saysLPs
R•••• R••• E••••• H••• Y•••• C••••• F••• L•
805-3864365720, re-typed Hedge Fund
fund$112M GAV 202422023 to 20242023InvestingDebt
R•••• R••• E••••• F••• I•• L•
805-1971942644, dropped 2023
feeder$28M GAV 2022292015 to 20222015Dropped from ADV
R•••• C••• F••• I•• L•
805-2394045447, dropped 2020
fund$24M GAV 201922016 to 20192016Dropped from ADVDebt
R•••• R••• E••••• F••• I• L•••
805-2128218527, dropped 2023
fund$1M GAV 202222014 to 20222014Dropped from ADV
R•••• C••• F••• I• L•••
805-3751126881, dropped 2023
fund$603,978 GAV 202232014 to 20222014Dropped from ADVDebt
R••• C••••• H••• C••••••••• L••
805-4748378203, dropped 2020
co-investment$313,558 GAV 201972017 to 20192017Dropped from ADV
R•• I•••••••• I• L••
805-6995650911, dropped 2016
fund$33,276 GAV 2015112014 to 20152014Dropped from ADV
R•••••••• F••• I• L•
805-6601971812, dropped 2020
fund$3,686 GAV 201932017 to 20192017Dropped 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.
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?
4 allocators, 5 rows
  • N•• T•••••••• R••••••••• S••••• in R•••• R••• E••••• I• manager_brand$75.0M committed, as of Apr 29, 2026 nystrs.org
  • N• Y• C• E•••••••• R••••••••• S••••• in R•••• R••• E••••• I• manager_brand$45.0M committed, as of Dec 31, 2025 comptroller.nyc.gov
  • T•• P••••• a•• T••• M•••••• F••••••••• in R•••• R••• E••••• P••••••••• F• I•• manager_brand$351,057 fair value, as of Dec 31, 2024 apps.irs.gov
  • J••• S•••• G••••••••• M••••••• F••••••••• in R•••• R••• E••••• F••• I•• L• exact_name$700,521 fair value, as of Dec 31, 2024 apps.irs.gov
  • T•• P••••• a•• T••• M•••••• F••••••••• in R•••• R••• E••••• P••••••••• F• I• manager_brand$169,096 fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
  • W•••••• W••••• L••••• Partner since 2012-02 also on pe
  • N••••• N••••••• H••• Partner since 2012-02
  • R•••••• M••••••• G•••••• Controller since 2015-06
  • S••••• M•••••• F••••• Chief Compliance Officer since 2022-05 also on pe
  • M•••••• R•••••• S•••• Partner since 2023-01
What is changing?
  • Vehicle dropped from ADV Mar 30, 2023 (observed) ••• Locked
  • Vehicle first reported Mar 30, 2023 (observed) ••• Locked
  • Vehicle first reported Mar 30, 2023 (observed) ••• Locked
  • Vehicle dropped from ADV Mar 30, 2023 (observed) ••• Locked
  • Vehicle dropped from ADV Mar 30, 2023 (observed) ••• Locked
Full timeline · 18 events
  • Vehicle dropped from ADV Apr 17, 2020 (observed) ••• Locked
  • Vehicle dropped from ADV Apr 17, 2020 (observed) ••• Locked
  • Vehicle dropped from ADV Apr 17, 2020 (observed) ••• Locked
  • Vehicle first reported Mar 29, 2018 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2017 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2017 (observed) ••• Locked
  • Vehicle dropped from ADV Mar 30, 2016 (observed) ••• Locked
  • Vehicle first reported Mar 30, 2016 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2015 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2014 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2014 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2014 (observed) ••• Locked
  • First ADV filing on the tape Mar 11, 2013 (observed) ••• Locked
Across DFX

Not yet on record: properties held.