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.
Manager
Mack Real Estate Credit Strategies, L.P.
What capital do they manage?
- Real estate GAV
- $1.4B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 11 current, 11 ever, 0 dropped2 feeders, 0 funds of funds
- First on the tape
- 2013the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 28, 2024registered adviser
- Adviser RAUM
- $1.5Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 11
- 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
- Multifamily, Industrial, Retail, Office, Mixed usebasis: stated
- Markets
- United States, New York City, Phoenix, AZbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $20 billion in loan originations, co-originations and acquisitions (as of 2022)the manager's statement, not a DFX figure
- Parent
- Mack Real Estate Group, LLC
In the manager’s own words
- Development: “Development & Ownership of Multifamily, Industrial, & Retail Assets”
- Debt: “Commercial Real Estate Lending & Debt Investments”
- Multifamily: “Development & Ownership of Multifamily, Industrial, & Retail Assets”
- Industrial: “Development & Ownership of Multifamily, Industrial, & Retail Assets”
- Retail: “Development & Ownership of Multifamily, Industrial, & Retail Assets”
- Office: “pioneering the development of suburban office campuses in the 1970s and 1980s”
- Mixed use: “Halo Vista, our ±2,400 acre mixed-use development project in Phoenix, AZ.”
- United States: “with offices and affiliates across major markets of the United States”
- New York City: “Headquartered in New York City, MREG is an integrated developer, operator, investor and lender”
- Phoenix, AZ: “Halo Vista, our ±2,400 acre mixed-use development project in Phoenix, AZ.”
Vehicles
11 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| Mack Real Estate Finance, L.P. 805-8330020847 | fund | $381M GAV 2024 | 11 | 2019 to 2024 | 2019 | Harvesting | |||
| Mrecs Krei Credit, LLC 805-8524661821 | fund | $260M GAV 2024 | 2 | 2024 to 2024 | 2024 | Unknown | Debt | ||
| Mreg GP Fund I, LP 805-6854845939 | fund | $190M GAV 2024 | 2 | 2022 to 2024 | 2022 | Investing | |||
| Mack Real Estate Finance-A, L.P. 805-4034523302 | feeder | $157M GAV 2024 | 3 | 2018 to 2024 | 2018 | Harvesting | |||
| Mreg Qualified Opportunity Zone Fund LLC 805-5493227792 | fund | $129M GAV 2024 | 66 | 2020 to 2024 | 2020 | Investing | Opportunistic | ||
| Mack Real Estate Partners L.P. 805-9627777779 | fund | $121M GAV 2024 | 48 | 2016 to 2024 | 2016 | Harvesting | |||
| Mack Real Estate Finance-B, L.P. 805-2139120477 | feeder | $118M GAV 2024 | 9 | 2019 to 2024 | 2019 | Harvesting | |||
| Mreg Bullard Co-Investors II LLC 805-9863330937 | co-investment | $39M GAV 2024 | 22 | 2021 to 2024 | 2021 | Harvesting | |||
| Mip-Bc Qof LLC 805-5855199756 | fund | $16M GAV 2024 | 36 | 2023 to 2024 | 2023 | Investing | |||
| Mreg Deer Valley Sfr Co-Investors LLC 805-8828477121 | co-investment | $8M GAV 2024 | 3 | 2022 to 2024 | 2022 | Investing | |||
| Mreg Bullard Co-Investors LLC 805-4416225597 | co-investment | $3M GAV 2024 | 2 | 2021 to 2024 | 2021 | Harvesting |
What do they actually own?
1 trusted of 3 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| RSG-SHEF 792 HART LLC NY, multifamily | manager only | 1 | 1 ($5.7M) | Corporate filing the entity's own New York State filing gives the manager's headquarters suite for service of process |
Properties the manager names on its site
- Halo Vista, Phoenix, AZ (mixed_use) “Halo Vista, our ±2,400 acre mixed-use development project in Phoenix, AZ.”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
- Loan modified or extendedMar 21, 2025$5.7MFirst Horizon Bank792 Hart Street, NY (multifamily) through RSG-SHEF 792 HART LLC with FIRST HORIZON BANKdf cre recording apps.dos.ny.gov
Who finances them?
1 loans, 1 lender groups
- First Horizon Bank single1 loans, $5.7M, Mar 21, 2025 to Mar 21, 2025
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- Stephen Fredric Mack Member since 2006-10
- Robert Solon Feidelson Member since 2006-10
- Richard Jay Mack Member since 2015-04
- Jeffrey David Siegel General Counsel & Chief Operating Officer since 2015-10
- John Michael Mcgillis President since 2021-04
- Kimberly Ann Yuhas Chief Compliance Officer since 2022-03
- Daniel Rosenblum Chief Financial Officer since 2023-05
What is changing?
- Vehicle first reported Mar 28, 2024 (observed) Mrecs Krei Credit, LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $259,504,843
- Vehicle first reported Mar 31, 2023 (observed) Mip-Bc Qof LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $14,878,289
- Vehicle first reported Mar 31, 2022 (observed) Mreg Deer Valley Sfr Co-Investors LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $4,466,782
- Vehicle first reported Mar 31, 2022 (observed) Mreg GP Fund I, LP first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $213,374,037
- Vehicle first reported Mar 29, 2021 (observed) Mreg Bullard Co-Investors II LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $20,210,475
- Vehicle first reported Mar 29, 2021 (observed) Mreg Bullard Co-Investors LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $1,303,821
- Vehicle first reported Mar 30, 2020 (observed) Mreg Qualified Opportunity Zone Fund LLC first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $100,950,156
- Vehicle first reported Mar 29, 2019 (observed) Mack Real Estate Finance-B, L.P. first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $96,057,000
- Vehicle first reported Mar 29, 2019 (observed) Mack Real Estate Finance, L.P. first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $243,541,000
- Vehicle first reported Mar 30, 2018 (observed) Mack Real Estate Finance-A, L.P. first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $104,000,000
- Vehicle first reported Mar 29, 2016 (observed) Mack Real Estate Partners L.P. first reported on Form ADV by Mack Real Estate Credit Strategies, L.P., GAV $205,001,166
- First ADV filing on the tape May 1, 2013 (observed) Mack Real Estate Credit Strategies, L.P. 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.