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.
Manager
B••••••••• R••• E••••• A••••••• E••••• L•••
What capital do they manage?
- Real estate GAV
- $3.6B GAV 2024sum of GAV over non-feeder, non-quarantined R••• E••••• Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 5 current, 7 ever, 2 dropped0 feeders, 0 funds of funds
- First on the tape
- 2011the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 28, 2024registered adviser
- Adviser RAUM
- $3.6Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 5
- Latest vintage
- 2015from 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
- Industrial, Multifamily, Office, Life science, Retail, Data centerbasis: stated
- Markets
- North America, E•••••, Asia, Hawai'ibasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $1.3 trillion AUM firm-wide; $314B real estate investor capital under managementthe manager's statement, not a DFX figure
In the manager’s own words
- Opportunistic: “Our opportunistic business seeks to acquire undermanaged, well-located assets across the world.”
- Core plus: “Our Core+ business features stabilized real estate with a long investment horizon and moderate leverage, where we can unlock additional value through focused asset management.”
- Debt: “Our real estate debt business provides creative and comprehensive financing solutions across the capital structure and risk spectrum.”
- REIT sponsor: “The Core+ R••• E••••• business also comprises strategies tailored for income-focused individual investors including B••••••••• R••• E••••• Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and B•••••••••’s E•••••an yield-oriented strategy.”
- Industrial: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Multifamily: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Office: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Life science: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Retail: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Data center: “B••••••••• is the largest data center provider in the world.”
- North America: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- E•••••: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Asia: “Our institutional North America, E••••• and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.”
- Hawai'i: “the largest owner of neighborhood grocery-anchored shopping centers in the state of Hawai’i”
Vehicles
7 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| B••••••••• R••• E••••• P••••••• E••••• I• L••• 805-7785783242 | master | $2.8B GAV 2024 | 188 | 2014 to 2024 | 2014 | Harvesting | |||
| B••••••••• R••• E••••• P••••••• E••••• I•• L••• 805-7432623754 | master | $608M GAV 2024 | 117 | 2012* to 2024 | unknown | Winding down | 1 | ||
| B••••••••• R••• E••••• P••••••• E••••• I••• L••• 805-6904587288 | fund | $110M GAV 2024 | 2 | 2014 to 2024 | 2014 | Winding down | |||
| B••••••••• R••• E••••• P••••••• E••••• I••• L••• 805-1583031357 | fund | $76M GAV 2024 | 2 | 2015 to 2024 | 2015 | Harvesting | |||
| B••••••••• R••• E••••• P••••••• I••••••••• I• L••• 805-7844839173 | master | $0 GAV 2024 | 115 | 2012* to 2024 | unknown | Winding down |
2 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| B••• E••••• I•• •••••••• L••• 805-2226079480, dropped 2013 | fund | $362M GAV 2012 | 165 | 2012* to 2012 | unknown | Dropped from ADV | |||
| B••• I••••••••• I• •••••••• L••• 805-1415299325, dropped 2013 | fund | $266M GAV 2012 | 165 | 2012* to 2012 | unknown | Dropped from ADV |
What do they actually own?
0 trusted of 13 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
- A•••••••• • B••••••, Hawai'i (retail) “A•••••••• • B•••••• is an iconic 150-year-old business and the largest owner of neighborhood grocery-anchored shopping centers in the state of Hawai’i.”
- L••• L•••••••• (industrial) “A leading owner of last-mile logistics real estate, L••• L•••••••• is harnessing data from its 3,000 properties and 7,000+ customers to equip employees with real-time insights that drive faster decisions and greater efficiency.”
What are they buying, selling and financing?
1 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?
1 allocators, 1 rows
- C••••••••• F••• in B••••••••• R••• E••••• P••••••• E••••• I•• exact_name$176,894 fair value, as of Jun 30, 2025 apps.irs.gov
People
Form ADV Schedule A, latest filing
- P••• D••••• Q•••••• R••• E••••• Chief Financial Officer since 2015-01
- F••••• M•••• K•••• Global R••• E••••• General Counsel since 2017-01 also on pe
- K••••••• T• M••••••••• Global Co-Head Of R••• E••••• since 2018-02
- M•••••••• K••• R•••• Chief Compliance Officer since 2021-01
- N••••• N•• M••••• Global Co-Head Of R••• E••••• since 2024-01
What is changing?
- Vehicle first reported Mar 31, 2015 (observed) B••••••••• R••• E••••• P••••••• E••••• I••• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••
- Vehicle first reported Mar 31, 2014 (observed) B••••••••• R••• E••••• P••••••• E••••• I••• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $610,355,701
- Vehicle first reported Mar 31, 2014 (observed) B••••••••• R••• E••••• P••••••• E••••• I• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $407,402,905
- Vehicle dropped from ADV Apr 1, 2013 (observed) B••• I••••••••• I• •••••••• L••• no longer reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••
- Vehicle dropped from ADV Apr 1, 2013 (observed) B••• E••••• I•• •••••••• L••• no longer reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••
- Vehicle first reported Mar 30, 2012 (observed) B••• E••••• I•• •••••••• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $361,664,000 (tape start: the fund may be older)
- Vehicle first reported Mar 30, 2012 (observed) B••• I••••••••• I• •••••••• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $265,921,000 (tape start: the fund may be older)
- Vehicle first reported Mar 30, 2012 (observed) B••••••••• R••• E••••• P••••••• I••••••••• I• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $1,360,772,000 (tape start: the fund may be older)
- Vehicle first reported Mar 30, 2012 (observed) B••••••••• R••• E••••• P••••••• E••••• I•• L••• first reported on Form ADV by B••••••••• R••• E••••• A••••••• E••••• L•••, GAV $4,334,666,000 (tape start: the fund may be older)
- First ADV filing on the tape Nov 10, 2011 (observed) B••••••••• R••• E••••• A••••••• E••••• L••• first filed Form ADV in the extract (IA)
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.