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S•••••••• I••••••••• F•••• I•••

Multi-strategy real estate managerExempt reporting adviserunder $1B· Pittsburgh, Pennsylvania

Multi-strategy real estate manager, based in Pittsburgh, Pennsylvania, reporting $59.1M of real estate gross assets across 2 vehicles.

Composed from this manager's Form ADV filings and classification.

Real estate GAV
$59.1M
Form ADV, Schedule D, real estate vehicles summed
Current vehicles
2
Form ADV, Schedule D 7.B.(1)
Vehicles (2)
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 226595 · SEC 802-99349Show
CRD 226595SEC 802-99349under $1BMulti-strategyForm ADV
What capital do they manage?
Real estate GAV
$59M 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 detailShow
First on the tape
2015the extract starts in 2011; an earlier history is not visible
Latest filing
Jul 7, 2024exempt reporting adviser
Fund types on the latest filing
Real Estate Fund 2
Latest vintage
2023from 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
Fund managerbasis: stated
Property types
Officebasis: stated
Markets
Southwestern Pennsylvania (12-county region), City of Pittsburghbasis: stated
Business kind (site)
Real estate manager
AUM in its own words
$100M in private sector financingthe manager's statement, not a DFX figure
In the manager's own words7 quotesShow
  • Value add: “RCIS supports regional downtowns by maintaining quality office space, converting vacant buildings, and investing in desirable amenities for workers, residents and visitors.”
  • Development: “RDIS aims to develop properties integral for the growth of research- and development-driven companies.”
  • Land: “SSAS provides purchasing power when certain projects advance the goals of RCIS and RDIS.”
  • Multi-strategy: “The purpose of SIF is to fill gaps in the financing of those projects that align with one of its four investment strategies: regional core investment; research and development led industry, strategic site acquisition and innovation.”
  • Office: “RCIS supports regional downtowns by maintaining quality office space, converting vacant buildings, and investing in desirable amenities for workers, residents and visitors.”
  • Southwestern Pennsylvania (12-county region): “The S•••••••• I••••••••• F••• is a private sector source of gap financing that enables catalytic real estate projects to advance across a 12-county region of southwestern Pennsylvania.”
  • City of Pittsburgh: “S•••••••• I••••••••• F••• (SIF) is a private sector source of financing for real estate projects that are expected to have a significant impact upon the economic development of the City of Pittsburgh and the surrounding 12-county region.”
Vehicles
2 on Form ADV
VehicleKindGAVOwnersReportedVintageLifecycleName saysLPs
S•••••••• I••••••••• F••• P•••••••
805-4681654533
fund$43M GAV 2024302015* to 2024unknownHarvesting
S•••••••• I••••••••• F••• P••••••• •••••
805-4927478768
fund$16M GAV 2024232024 to 20242023Unknown
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.
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
  • G••••••• R••••••• H••••••• Director since 2004-01
  • H•••• H•••• C•••• Director since 2006-08
  • J•••• M• S•••••• Secretary / Treasurer since 2006-08
  • D•••• J••• M••••• Chairman / Director since 2011-01
  • J••• A•••••••• B•••••• Director since 2011-01
  • D••••• O•••••• Director since 2012-01
  • W•••••• E••••• H••• Director since 2014-06
  • S•••••• P•••••• President / Director since 2019-12
  • D•••• J••••• M•••••••• Director since 2023-04
  • D••••• F••••••• S•••• Director since 2023-04
Full team · 11 people
  • K•••• J••• W••• Director since 2023-04
What is changing?
  • Vehicle first reported Mar 26, 2024 (observed) ••• Locked
  • Vehicle first reported May 27, 2015 (observed) ••• Locked
  • First ADV filing on the tape May 27, 2015 (observed) ••• Locked
Across DFX

Not yet on record: properties held, institutional LPs.