DFX Intelligence
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Manager
T•••••••• M•••••• L••
What capital do they manage?
- Real estate GAV
- $45M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 1 current, 1 ever, 0 dropped0 feeders, 0 funds of funds
- First on the tape
- 2024the extract starts in 2011; an earlier history is not visible
- Latest filing
- May 1, 2024registered adviser
- Adviser RAUM
- $112Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 1
What do they say they do?
stated by the manager
- Strategy
- Multi-strategy
- Operator model
- Hybridbasis: stated
- Property types
- Office, Industrial, Retail, Multifamily, Hotel, Student housingbasis: stated
- Markets
- United States, across the countrybasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- ••• Lockedthe manager's statement, not a DFX figure
In the manager’s own words
- Debt: “T•••••••• provides high leverage preferred equity and mezzanine debt on all major property types.”
- Debt: “T•••••••• provides flexible stretch bridge loans on all major property types.”
- Value add: “T•••••••• acquired the value-add 77,000 SF office building in the Phoenix MSA at 59% occupancy.”
- Development: “T•••••••• Holdings partnered with Orangestar Properties in a build-to-suit redevelopment for a Moody’s A3-rated hospital system in the Cleveland, OH MSA.”
- Multi-strategy: “T•••••••• invests in equity and credit opportunities within the U.S. middle-market real estate sector.”
- Office: “Property Type Office”
- Industrial: “Property Type I•••••••••”
- Retail: “Property Type Retail”
- Multifamily: “Property Type M•••••••••”
- Hotel: “Property Type H••••”
- Student housing: “Property Type S•••••• H••••••”
- Other: “Property Type Residential Condominiums”
- Retail: “Property Type Regional Shopping M•••”
- United States: “T•••••••• invests in equity and credit opportunities within the U.S. middle-market real estate sector.”
- across the country: “T•••••••• leverages a broad deal network and trustworthy reputation to source deal flow from a combination of relationship sponsors, brokers, and other market participants across the country.”
Vehicles
1 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| T•••••••• R• F••• I• L• 805-8475365893 | fund | $45M GAV 2024 | 11 | 2024* to 2024 | unknown | Unknown |
What do they actually own?
1 trusted of 2 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| T•••••••• R• F••• I•• L• CA | T•••••••• R• F••• I• L• | 1 | 1 ($25.0M) | Corporate filing cmbs_annex_sponsor_named |
Properties the manager names on its site
- U•••• S•••••, San Antonio, TX (office) “••• Locked”
- 2•••• H•••••• R•••, 2•••• H•••••• R•••, Highland Hills, OH (office / medical office) “••• Locked”
- 6••• H••••• V••••• R•••, 6••• H••••• V••••• R•••, Carlsbad, CA (office / medical office) “••• Locked”
- M•• A•••••• P••••, Oakbrook Terrace, IL (office) “••• Locked”
- T••••••• a• C••••• P••••, San Diego, CA (office) “••• Locked”
- T•• M••• a• J•••••• C•••, J•••••• C•••, TN (regional shopping m•••) “••• Locked”
- B••• C•••• P••••, Medford, OR (retail) “••• Locked”
- M••••••, Los Angeles, CA (residential condominiums) “••• Locked”
- 8• I••• P••••, 8• I••• P••••, Folsom, CA (office / medical office) “••• Locked”
- I••••••• V••••• M•••, El Centro, CA (regional shopping m•••) “••• Locked”
- P•••••••• M•••, Biddeford, ME (residential condominiums) “••• Locked”
- K••••••• a• t•• C•••••••, Indianapolis, IN (office) “••• Locked”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
- loan eventDec 19, 2025$25.0Mcmbs_trust3451 South Dogwood R•••, CA through T•••••••• R• F••• I•• L• with B•• 2•••••••• M••••••• T••••Securitised debt reporting sec.gov
Who finances them?
1 loans, 1 lender groups, next maturity Dec 5, 2030
- cmbs_trust new3 loans, $62.1M, Jun 18, 2025 to Dec 19, 2025
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- J•••••• S•••• K•••• Managing Member, Chief Executive Officer And Chief Compliance Officer since 2022-01
- J•••• R••••• P•••••• Chief Financial Officer since 2023-02
What is changing?
- Vehicle first reported May 1, 2024 (observed) ••• Locked
- First ADV filing on the tape May 1, 2024 (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.