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.

Manager

Realterm

CRD 322689SEC 801-128609Annapolis, MDrealterm.com$5B to $25BMulti-strategy
Form ADV on IAPD
What capital do they manage?
Real estate GAV
$9.2B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
Vehicles
10 current, 12 ever, 2 dropped2 feeders, 0 funds of funds
First on the tape
2023the extract starts in 2011; an earlier history is not visible
Latest filing
May 1, 2024registered adviser
Adviser RAUM
$9.2Bthe whole adviser, all strategies; used for the quarantine test only
Fund types on the latest filing
Real Estate Fund 10
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
Multi-strategy
Operator model
Hybridbasis: stated
Property types
Industrial, Industrial, Industrialbasis: stated
Markets
North America, Europe, Asia Pacific, United States, Australia, Germany, California, Floridabasis: stated
Business kind (site)
REAL_ESTATE_MANAGER
In the manager’s own words
  • Core: “Value-add, core, opportunistic, core+ and credit logistics investments”
  • Value add: “Value-add, core, opportunistic, core+ and credit logistics investments”
  • Opportunistic: “Value-add, core, opportunistic, core+ and credit logistics investments”
  • Core plus: “Value-add, core, opportunistic, core+ and credit logistics investments”
  • Debt: “Value-add, core, opportunistic, core+ and credit logistics investments”
  • Development: “As a hands-on operator, we build high-quality and sustainable properties worldwide to meet market demand and serve our tenants’ operational needs.”
  • Industrial: “Industrial Outdoor Storage”
  • Industrial: “Truck Terminal”
  • Industrial: “Final Mile / E-Commerce”
  • North America: “Top freight corridors in North America, Europe and Asia Pacific”
  • Europe: “Top freight corridors in North America, Europe and Asia Pacific”
  • Asia Pacific: “Top freight corridors in North America, Europe and Asia Pacific”
  • United States: “premier logistics markets throughout the United States”
  • Australia: “Sydney, Australia (July 2026)”
  • Germany: “Realterm acquires prime IOS asset in Hamburg, Germany, available for immediate occupancy”
  • California: “California, Florida, Oregon, Nevada and New Jersey”
  • Florida: “California, Florida, Oregon, Nevada and New Jersey”
  • Oregon: “California, Florida, Oregon, Nevada and New Jersey”
  • Nevada: “California, Florida, Oregon, Nevada and New Jersey”
  • New Jersey: “California, Florida, Oregon, Nevada and New Jersey”
Vehicles
12 on Form ADV
VehicleKindGAVOwnersReportedVintageLifecycleLifecycleName saysLPs
Realterm Logistics Income Fund, LP
805-5663597428
fund$3.9B GAV 2024182023* to 2024unknownInvestingDebt
Realterm Airport Logistics Properties, LP
805-9212381489
fund$1.8B GAV 2024142023* to 2024unknownInvesting
Realterm Logistics Fund IV, LP
805-9158220340
master$779M GAV 2024432023* to 2024unknownInvesting
Realterm Logistics Fund III, LP
805-8327665758
fund$738M GAV 2024272023* to 2024unknownInvesting
Rlif Co-Investment Fund I, L.P.
805-3707531371
co-investment$566M GAV 202472023* to 2024unknownInvesting
Realterm Logistics Income Qfpf Fund, LP
805-3310400366
fund$415M GAV 202432023* to 2024unknownInvesting
Realterm Europe Logistics Fund, Scsp
805-8812230874
fund$375M GAV 202442023* to 2024unknownInvesting
Realterm Europe Logistics Income Fund, Scsp
805-8852013893
master$334M GAV 202462023* to 2024unknownInvestingDebt
Realterm Europe Logistics Fund II, Scsp
805-4363963106
master$318M GAV 2024122024 to 20242024Unknown
Realterm Logistics Fund II, L.P.
805-8317001537
fund$6M GAV 202492023* to 2024unknownHarvesting
2 dropped, re-typed or historical vehicles
VehicleKindGAVOwnersReportedVintageLifecycleLifecycleName saysLPs
Realterm Europe Logistics Income Feeder Fund, Scsp
805-9740174586, dropped 2024
feeder$204M GAV 202322023* to 2023unknownDropped from ADV
RLF IV Feeder, LP
805-6622993304, dropped 2024
feeder$54M GAV 202312023* to 2023unknownDropped from ADV
What do they actually own?
7 trusted of 7 candidate bindings
Owner entityVehicleProperties heldLoansEvidence
RLIF RIVIERA BEACH SPE LLC
FL, open storage, warehouse, distribution
manager only5 assessed $39.0MCorporate filing
sunbiz_officer_is_manager
RLIF EAST 6 LLC
FL, warehouse, distribution
manager only1 assessed $25.6MCorporate filing
sunbiz_officer_is_manager
RLIF EAST 4
NY
manager only1Corporate filing
sunbiz_officer_is_manager
RLIF EAST 2 LLC
FL, packing plant
manager only1 assessed $24.0MCorporate filing
sunbiz_officer_is_manager
RLIF EAST 5 LLC
FL, warehouse, distribution
manager only1 assessed $11.1MCorporate filing
sunbiz_officer_is_manager
RLIF EAST LLC
FL, warehouse, distribution
manager only1 assessed $17.4MCorporate filing
sunbiz_officer_is_manager
RLIF EAST 4 LLC
FL, open storage
manager only1 assessed $10.3MCorporate filing
sunbiz_officer_is_manager
Properties the manager names on its site
  • 77 Governor Macquarie Drive facility, 77 Governor Macquarie Drive, Chipping Norton, New South Wales, Australia (industrial) “Partners Group and its joint venture partner Realterm have successfully reached 100% occupancy at 77 Governor Macquarie Drive, Chipping Norton, marking the stabilisation of one of Sydney’s newest institutional grade, container-rated hardstand facilities.”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
  • AcquisitionOct 19, 2020$28.0M
    through RLIF EAST 4 from KALEX CHEMICAL PRODUCTS
    re core owners search.sunbiz.org
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
  • Paul Underwood Senior Managing Director, Fund Management since 2006-01
  • Peter Gideon Lesburg Managing Director Capital Markets since 2011-01
  • Edward Philip Brickley Managing Director And Fund Manager Rlf Series since 2011-06
  • Amanda Battist Chief Financial Officer Europe since 2012-03
  • Grayson Witmer Managing Director Corporate Development since 2012-05
  • Aaron Sacks Managing Director And General Counsel since 2013-07
  • Robert Fordi Active since 2013-08
  • Roberta Paquin Chief Financial Officer North America, And Global Accounting Officer since 2014-11
  • David Rose Managing Director And Fund Manager Ralp since 2015-09
  • Duncan Pickett President And Chief Operating Officer since 2018-05
  • Stephen Panos Managing Director And Fund Manager Rlif since 2018-08
  • John Cammett Active since 2019-03 also on pe
  • Kenneth S Code Active since 2019-03 also on pe
  • Wade William Judge Executive Vice President since 2020-04
  • Balazs Lados Managing Director And Fund Manager Relf since 2020-08
  • Bastian van Halder Managing Director, Apac since 2021-10
  • Alberto Radice Fossati Managing Director And Fund Manager Relif since 2022-01
  • Jason Saul Rosenberg Chief Compliance Officer since 2022-05
  • Toni Ryan Fund Manager, Apac since 2022-09
  • Paul C Sisson Managing Director And Head Of Credit Solutions since 2023-01
What is changing?
  • Vehicle dropped from ADV Mar 28, 2024 (observed) Realterm Europe Logistics Income Feeder Fund, Scsp no longer reported on Form ADV by Realterm
  • Vehicle first reported Mar 28, 2024 (observed) Realterm Europe Logistics Fund II, Scsp first reported on Form ADV by Realterm, GAV $318,292,000
  • Vehicle dropped from ADV Mar 28, 2024 (observed) RLF IV Feeder, LP no longer reported on Form ADV by Realterm
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Airport Logistics Properties, LP first reported on Form ADV by Realterm, GAV $1,816,190,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Rlif Co-Investment Fund I, L.P. first reported on Form ADV by Realterm, GAV $553,197,800 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Europe Logistics Fund, Scsp first reported on Form ADV by Realterm, GAV $355,953,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Logistics Fund III, LP first reported on Form ADV by Realterm, GAV $702,289,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Logistics Income Fund, LP first reported on Form ADV by Realterm, GAV $3,952,339,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Logistics Income Qfpf Fund, LP first reported on Form ADV by Realterm, GAV $439,850,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) RLF IV Feeder, LP first reported on Form ADV by Realterm, GAV $54,106,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Logistics Fund IV, LP first reported on Form ADV by Realterm, GAV $720,525,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Logistics Fund II, L.P. first reported on Form ADV by Realterm, GAV $8,900,000 (tape start: the fund may be older)
  • First ADV filing on the tape Jul 21, 2023 (observed) Realterm first filed Form ADV in the extract (IA)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Europe Logistics Income Fund, Scsp first reported on Form ADV by Realterm, GAV $336,036,000 (tape start: the fund may be older)
  • Vehicle first reported Jul 21, 2023 (observed) Realterm Europe Logistics Income Feeder Fund, Scsp first reported on Form ADV by Realterm, GAV $203,895,000 (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.