DFX Intelligence
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B•• C•••••• L••••••
Opportunistic real estate managerExempt reporting adviserunder $1B· St. Helier
Opportunistic real estate manager, based in St. Helier, reporting $139M of real estate gross assets across 2 vehicles.
Composed from this manager's Form ADV filings and classification.
As of · the latest Form ADV filing; property activity carries its own dates
- Real estate GAV
- $139M
- Current vehicles
- 2
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
As of · the latest Form ADV filing; property activity carries its own dates
Nothing material in the last 365 days. No dated change on record yet.
Identifiers, size band and strategyCRD 168930 · SEC 802-101493ShowHide
What capital do they manage?
- Real estate GAV
- $139M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 2 current, 2 ever, 0 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- First on the tape
- 2015the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 28, 2024exempt reporting adviser
- Fund types on the latest filing
- Real Estate Fund 2
What do they say they do?
stated by the manager
- Strategy
- Opportunistic
- Operator model
- Fund managerbasis: stated
- Property types
- Hotel, Multifamily, Mixed usebasis: stated
- Markets
- Turkey, United States, New Y•••, Los Angeles, M••••, I•••••••, Italybasis: stated
- Business kind (site)
- Private equity
- AUM in its own words
- 9.8 BILLION $ Total Capital Responsibilitythe manager's statement, not a DFX figure
- Parent
- Bilgili Group
In the manager's own words12 quotesShowHide
- Opportunistic: “BLG’s investment professionals have a track record of identifying and executing off-market real estate investments, completing high quality, complex development and re-development projects and active property and asset management in various locations, which have resulted in significant value creation”
- Development: “BLG has a multi-disciplinary team with expertise in investment, asset management, development and finance.”
- Hotel: “A Leader in Real Estate and Hospitality”
- Multifamily: “Lower Manhattan Condo Tower a Decade in the Making Starts Sales”
- Mixed use: “G••••••••• I••••••• as a leading waterfront development with a 1.2 km coastline on the Bosphorus”
- Turkey: “Invesments Turkey United States”
- United States: “Invesments Turkey United States”
- New Y•••: “BLG provides institutional investors specialized investment platforms to participate in the rapidly growing real estate market in broader international hubs and gateway cities such as New Y•••, Los Angeles and M••••.”
- Los Angeles: “BLG provides institutional investors specialized investment platforms to participate in the rapidly growing real estate market in broader international hubs and gateway cities such as New Y•••, Los Angeles and M••••.”
- M••••: “BLG provides institutional investors specialized investment platforms to participate in the rapidly growing real estate market in broader international hubs and gateway cities such as New Y•••, Los Angeles and M••••.”
- I•••••••: “Sair Nedim Cd. No:20 Kat:6 Besiktas, I••••••• TURKEY”
- Italy: “Turkish PE Firm BLG Eyes Italy Hotels After Exiting $2.2 Billion Port”
Vehicles
2 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| B•• T•••••• R••• E••••• F••• L••• 805-8729405314 | master | $77M GAV 2024 | 18 | 2015* to 2024 | unknown | Harvesting | ||
| B•• T•••••• R••• E••••• F••• I• L••• 805-3515202951 | master | $62M GAV 2024 | 22 | 2015* to 2024 | unknown | Harvesting |
What do they actually own?
0 trusted of 0 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
- T•• P•••••••• I•••••••, Beyoglu, I••••••• (hotel) “••• Locked”
- T•• R••••••••• R••••••••• I•••••••, Sisli, I••••••• (multifamily) “••• Locked”
- G••••••••• I•••••••, Beyoglu, I••••••• (mixed_use) “••• Locked”
- A••••••• B•••••, B•••••, Mugla (hotel) “••• Locked”
- S••• H•••• I•••••••, Beyoglu, I••••••• (hotel) “••• Locked”
- R•••••••• A•••••, O••••••, Cakmakli, Florya, Maslak, I••••••• (multifamily) “••• Locked”
- W• I•••••••, Besiktas, I••••••• (hotel) “••• Locked”
- A•••••••• R•• H•••••, Besiktas, I••••••• (multifamily) “••• Locked”
- B•••••••••, B•••••, Mugla (hotel) “••• Locked”
- T•• F•••• M•••• B••••, M•••• B••••, FL (hotel) “••• Locked”
- 1•• G•••••••• S•••••, 1•• G•••••••• S•••••, New Y•••, NY (multifamily) “••• Locked”
- M••••••• O••••••• R••••••••• B•••••• H••••, B•••••• H••••, CA (multifamily) “••• Locked”
What are they buying, selling and financing?
0 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?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- O••••• C•••••• B•••••• M••••••• Director since 2013-07 also on vc
- T••• M••••••• D••••• Director since 2022-12 also on vc
- W•••• A••••••••• W••••• Director since 2023-09 also on vc
What is changing?
- Vehicle first reported Jul 7, 2015 (observed) ••• Locked
- Vehicle first reported Jul 7, 2015 (observed) ••• Locked
- First ADV filing on the tape Jul 7, 2015 (observed) ••• Locked
Across DFXHow records are bridgedBridged 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.
Not yet on record: properties held, institutional LPs.