DFX Intelligence
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Manager
W••••••• I••••••••• A••••••• L•••••
What capital do they manage?
- Real estate GAV
- $4.7B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 12 current, 20 ever, 8 dropped7 feeders, 0 funds of funds
- First on the tape
- 2017the extract starts in 2011; an earlier history is not visible
- Latest filing
- Apr 29, 2024registered adviser
- Adviser RAUM
- $4.7Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 12
- 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
- Hybridbasis: stated
- Property types
- Multifamily, Hotelbasis: stated
- Markets
- United Statesbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- approximately $10 billion in real estate assetsthe manager's statement, not a DFX figure
In the manager’s own words
- Value add: “W••••••• executes value add strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions.”
- Multifamily: “W••••••• is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties.”
- Hotel: “W••••••• is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties.”
- United States: “We have presence in more than 25 markets across the U.S.”
Vehicles
20 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| W••••••• R••••••••• P••••••• V•••••• X•• L••• 805-9240780422 | fund | $1.1B GAV 2024 | 19 | 2024 to 2024 | 2024 | Unknown | 1 | ||
| W••••••• R••••••••• P••••••• V•••••• X••• L••• 805-1023044586 | fund | $1.1B GAV 2024 | 40 | 2022 to 2024 | 2022 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X•••• L••• 805-3987549492 | master | $857M GAV 2024 | 24 | 2022 to 2024 | 2022 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X• N•••••••• L••• 805-3838468943 | fund | $396M GAV 2024 | 4 | 2024 to 2024 | 2024 | Unknown | |||
| W••••••• R••••••••• P••••••• V•••••• X•• N•••••••• L••• 805-9650648237 | fund | $322M GAV 2024 | 6 | 2022 to 2024 | 2022 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X••• P••••••• F•••• L••• 805-8072408456 | feeder | $311M GAV 2024 | 4 | 2022 to 2024 | 2022 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X••• E••• C••••••••• L••• 805-2516259504 | master | $214M GAV 2024 | 4 | 2022 to 2024 | 2022 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X••• L••• 805-6673513304 | fund | $199M GAV 2024 | 52 | 2022 to 2024 | 2022 | Harvesting | |||
| W••• X•• S••••••••• C••••••••• L••• 805-7276934106 | co-investment | $86M GAV 2024 | 4 | 2023 to 2024 | 2023 | Investing | |||
| W••••••• R••••••••• P••••••• V•••••• X•• L••• 805-2011104118 | fund | $41M GAV 2024 | 6 | 2022 to 2024 | 2022 | Harvesting | |||
| W••••••• R••••••••• P••••••• V•••••• X• •••••• L••• 805-6742776275 | fund | $6M GAV 2024 | 53 | 2022 to 2024 | 2022 | Harvesting | |||
| M••••••••• C••••• I••••• F••• • W••••••• I•• L•• 805-2260437897 | master | $0 GAV 2024 | 1 | 2018 to 2024 | 2018 | Winding down | Debt |
8 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| W••••••• R••••••••• P••••••• V•••••• X•••• L••• 805-9639835729, dropped 2022 | fund | $2.0B GAV 2021 | 24 | 2021 to 2021 | 2021 | Dropped from ADV | |||
| W••••••• R••••••••• P••••••• V•••••• X••• P••••••• F•••• L••• 805-6288298551, dropped 2022 | feeder | $743M GAV 2021 | 4 | 2021 to 2021 | 2021 | Dropped from ADV | |||
| W••••••• R••••••••• K• B••• V•••••• I• L••••• 805-4034810843, dropped 2021 | feeder | $76M GAV 2020 | 7 | 2017* to 2020 | unknown | Dropped from ADV | |||
| W••••••• R••••••••• K• B••• V•••••• I•• L••••• 805-1868373053, dropped 2021 | feeder | $31M GAV 2020 | 5 | 2018 to 2020 | 2018 | Dropped from ADV | |||
| M••••••••• C••••• I••••• F••• • W••••••• I• L•• 805-8338842599, dropped 2024 | master | $22M GAV 2023 | 1 | 2017* to 2023 | unknown | Dropped from ADV | Debt | ||
| W••••••• K• B••• I••••••••• L••••• 805-5840031478, dropped 2021 | feeder | $19M GAV 2020 | 2 | 2017* to 2020 | unknown | Dropped from ADV | |||
| W••••••• K• B••• P•••••••• L••••• 805-4916678038, dropped 2021 | feeder | $4M GAV 2020 | 28 | 2017* to 2020 | unknown | Dropped from ADV | |||
| W••••••• K• B••• I•••••••• I•• L•••• 805-1883401535, dropped 2021 | feeder | $0 GAV 2020 | 1 | 2018 to 2020 | 2018 | Dropped from ADV |
What do they actually own?
2 trusted of 2 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| W••• X•• V••••• B• L•• FL, multifamily 10+ units | manager only | 1 assessed $55.8M | Corporate filing sunbiz_officer_is_manager | |
| W••• X• C•• J••••••••• L•• FL, multifamily 10+ units | manager only | 1 assessed $70.0M | Corporate filing sunbiz_officer_is_manager |
Properties the manager names on its site
- P••••••••• T•••••, 555 West Madison, Chicago, IL “••• Locked”
- T•• A•••••••, 115 Nashboro Blvd, Nashville, TN “••• Locked”
- G••••••• o• t•• P•••, 4755 G••••••• Oaks Dr., Dallas, TX “••• Locked”
- C•••••• H••••, 3303 South Archibald Ave, Ontario, CA “••• Locked”
What are they buying, selling and financing?
1 acquisitions, 0 sales, 0 financings in 12 months
- AcquisitionDec 1, 2025$94.4M4090 HODGES BLVD, Jacksonville FL (multifamily 10+ units) through W••• X• C•• J••••••••• L••Public records search.sunbiz.org
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
1 allocators, 2 rows
- N•• Y••• S•••• C••••• R••••••••• F••• in W••••••• R••••••••• P••••••• V•••••• X• exact_name$97.5M fair value, as of Mar 31, 2025 osc.ny.gov
- N•• Y••• S•••• C••••• R••••••••• F••• in W••••••• R••••••••• P••••••• V•••••• X•• L••• exact_name$300M committed, as of May 5, 2023 osc.ny.gov
People
Form ADV Schedule A, latest filing
- P•••• M•••••• V•••• Vice Chairman since 1995-06
- R•••••• H•••••• H••• Managing Partner, Investment Management since 2013-08
- D•••• R••••• S••••••• Chief Executive Officer And Chairman since 2013-08
- P••• J••••• L••••••• Managing Partner, Portfolio Management since 2017-12
- T••• M••••••••• Managing Partner And Chief Financial Officer since 2019-09
- T••• A••••• J••••• Chief Compliance Officer since 2019-12
- S•••••••• F••••• B•••• Managing Partner, P••••••• Management since 2021-11
- M••••••• C•••••••• W•••• Managing Partner, Investor Relations since 2022-04
- E•••• S••••• H••••• General Counsel since 2024-03
What is changing?
- Vehicle dropped from ADV Mar 27, 2024 (observed) ••• Locked
- Vehicle first reported Mar 27, 2024 (observed) ••• Locked
- Vehicle first reported Mar 27, 2024 (observed) ••• Locked
- Vehicle first reported 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
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV 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 dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 28, 2018 (observed) ••• Locked
- Vehicle first reported Mar 28, 2018 (observed) ••• Locked
- Vehicle first reported Mar 28, 2018 (observed) ••• Locked
- Vehicle first reported Jan 19, 2017 (observed) ••• Locked
- Vehicle first reported Jan 19, 2017 (observed) ••• Locked
- Vehicle first reported Jan 19, 2017 (observed) ••• Locked
- Vehicle first reported Jan 19, 2017 (observed) ••• Locked
- First ADV filing on the tape Jan 19, 2017 (observed) ••• Locked
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.