The names on this page are hidden. Create a free account to reveal 5 records a month, or get Real Estate Fund Intelligence at $199 a month for every name. Every figure, date and source on this page is public either way.

B••••• C•••••• P•••••••• L••

Development real estate managerSEC-registered adviser$1B to $5B· B•••••, Massachusetts

Development real estate manager, based in B•••••, Massachusetts, reporting $2.1B of real estate gross assets across 4 vehicles.

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

Real estate GAV
$2.1B
Form ADV, Schedule D, real estate vehicles summed
Current vehicles
4
Form ADV, Schedule D 7.B.(1)
Properties held
1
Deeds, filings and the manager's own site, bound to its vehicles
Institutional LPs
1
Pension and endowment disclosures
Vehicles (6)HoldingsLPs
As of · the latest Form ADV filing; property activity carries its own dates

What matters now

  1. $700M
    largest loan, 12 months

    2 loan filings in 12 months on 1 property (1 assigned, 1 modified); the largest $700M from 1••• J• on 1177 A••••• Of The Amer, NY; latest 10 Oct 2025.

    Loans being modified or sold on are terms being reworked or a lender repositioning, usually ahead of a maturity.

    Factrecorded mortgages and CMBS filingsFor Lenders, debt brokersLenders →
Identifiers, size band and strategyCRD 158137 · SEC 801-73431Show
CRD 158137SEC 801-73431$1B to $5BDevelopmentForm ADV
What capital do they manage?
Real estate GAV
$2.1B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
Vehicles
4 current, 6 ever, 2 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShow
GAV as filed
$5.4Bfeeders and quarantined readings included
First on the tape
2012the extract starts in 2011; an earlier history is not visible
Latest filing
Mar 29, 2024registered adviser
Adviser RAUM
$1.9Bthe whole adviser, all strategies; used for the quarantine test only
Fund types on the latest filing
Real Estate Fund 4
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
Development
Operator model
Hybridbasis: stated
Property types
Office, Office, Life science, Life sciencebasis: stated
Markets
Cambridge, MA, W••••••••, MA, El Segundo, CA, Glendale, CA, Los Angeles, CA, Pasadena, CA, New York, NY, Gwynedd Township, PAbasis: stated
Business kind (site)
Real estate manager
In the manager's own words24 quotesShow
  • Development: “B••••• develops , owns , and transforms buildings into”
  • Development: “Future Development”
  • Office: “Offices where collaboration thrives”
  • Office: “Headquarters that make an impact”
  • Life science: “L••• where groundbreaking work happens”
  • Life science: “Life Science”
  • Cambridge, MA: “Cambridge, MA”
  • W••••••••, MA: “W••••••••, MA”
  • El Segundo, CA: “El Segundo, CA”
  • Glendale, CA: “Glendale, CA”
  • Los Angeles, CA: “Los Angeles, CA”
  • Pasadena, CA: “Pasadena, CA”
  • New York, NY: “New York, NY”
  • Gwynedd Township, PA: “Gwynedd Township, PA”
  • Salt L••• City, UT: “Salt L••• City, UT”
  • B•••••••, CA: “B•••••••, CA”
  • Emeryville, CA: “Emeryville, CA”
  • San Carlos, CA: “San Carlos, CA”
  • San F••••••••, CA: “San F••••••••, CA”
  • Bellevue, WA: “Bellevue, WA”
  • Alexandria, VA: “Alexandria, VA”
  • Bethesda, MD: “Bethesda, MD”
  • Shady Grove, MD: “Shady Grove, MD”
  • Washington, DC: “Washington, DC”
Vehicles
6 on Form ADV
VehicleKindGAVOwnersReportedVintageLifecycleName saysLPs
B••••• C•••••• S•••••••• P••••••• 8• L•••
805-3381476337
fund$3.3B GAV 2024quarantined672018 to 20242018InvestingOpportunistic
B••••• C•••••• S•••••••• P••••••• V••• L•••
805-6340880316
fund$1.9B GAV 2024552015 to 20242015HarvestingOpportunistic
B••••• C•••••• S•••••••• P••••••• 9• L•••
805-5248874546
fund$243M GAV 2024112023 to 20242023DeployingOpportunistic
B••••• C•••••• S•••••••• P••••••• V•• L•••
805-4085066241
fund$13M GAV 20241172012* to 2024unknownWinding downOpportunistic1
2 dropped, re-typed or historical vehicles
VehicleKindGAVOwnersReportedVintageLifecycleName saysLPs
B••••• C•••••• S•••••••• P••••••• I•• L•••
805-3458060462, dropped 2019
fund$0 GAV 20181302012* to 2018unknownDropped from ADVOpportunistic
B••••• C•••••• S•••••••• P••••••• V• L•••
805-7466405797, dropped 2019
fund$0 GAV 20181682012* to 2018unknownDropped from ADVOpportunistic
What do they actually own?
3 trusted of 6 candidate bindings
Owner entityVehicleProperties heldLoansEvidence
1••• P••••••• L••
NY, office
manager only11 ($372M)Manager disclosure
the manager's own website names the property, and the recorder shows this entity at that address today
1••• A••••• O• T•• A•••••••• L•••
NY, office
manager only11 ($700M)Manager disclosure
the manager's own website names the property, and the recorder shows this entity at that address today
1••• A••••• O• T•• A••••••• A••••••••• L••
NY, office
manager only11 ($700M)Manager disclosure
the manager's own website names the property, and the recorder shows this entity at that address today
Properties the manager names on its site
  • C••••• 2••, Atlanta, GA (office) “••• Locked”
  • 6•• C•••••••, 6•• C•••••••, Austin, TX (office) “••• Locked”
  • F•••••• I• • I•, Austin, TX (office) “••• Locked”
  • P•••••• T••••, Austin, TX (office) “••• Locked”
  • 2• H•••••, 2• H•••••, B•••••, MA (office) “••• Locked”
  • 2• D••••••, 2• D••••••, B•••••, MA (office) “••• Locked”
  • 5• S•••• S•••••, 5• S•••• S•••••, B•••••, MA (office) “••• Locked”
  • 8• E••• B•••••••, 8• E••• B•••••••, B•••••, MA (office) “••• Locked”
  • C••••• P••••, B•••••, MA (office) “••• Locked”
  • S•••••••• B•••••, B•••••, MA (office) “••• Locked”
  • O•• B•••••• S•••••, O•• B•••••• S•••••, Cambridge, MA (office) “••• Locked”
  • W•••••••• G••••••, W••••••••, MA (office) “••• Locked”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 1 financings in 12 months
  • Mortgage assignedOct 10, 2025$700M1••• J•
    1177 A••••• Of The Amer, NY (office) through 1••• A••••• O• T•• A•••••••• L••• with 1••• J• L•
    Public records a836-acris.nyc.gov
  • Mortgage assignedOct 10, 2025$700M1••• J•
    1177 A••••• Of The Amer, NY (office) through 1••• A••••• O• T•• A••••••• A••••••••• L•• with 1••• J• L•
    Public records a836-acris.nyc.gov
  • Loan modified or extendedOct 10, 2025$372M1••• J• L.p
    1177 A••••• Of The Amer, NY (office) through 1••• P••••••• L•• with 1••• J• L•••
    Public records a836-acris.nyc.gov
Who finances them?
3 loans, 2 lender groups
  • 1••• J• new2 loans, $1.4B, Oct 10, 2025 to Oct 10, 2025
  • 1••• J• L.p single1 loans, $372M, Oct 10, 2025 to Oct 10, 2025
Who backs them?
1 allocators, 1 rows
  • N•• Y••• S•••• C••••• R••••••••• F••• in B••••• C•••••• S•••••••• P••••••• V• exact_name$491,425 fair value, as of Mar 31, 2025 osc.ny.gov
People
Form ADV Schedule A, latest filing
  • J•••••• D•••••• B•••• Senior Managing Director since 1998-01
  • A••• M•••••• L•••••••• Beneficial Owner Of The Pine Trust since 1998-01
  • L••••• P••• F••••• Trustee Of The Pine Trust since 2003-10
  • F••• A•••• S••••• Trustee Of The Pine Trust, Manager Of B••••• C•••••• P••••••• Owner, Llc, And Member Of Bcp B Holdings since 2006-11
  • D•••••• E••••• C•••••••• Chief Compliance Officer since 2008-10
  • J•••••• L•••• K••••• Senior Managing Director since 2010-07
  • W•••••• M•••••• K•••• Senior Managing Director since 2013-07
  • K•••••• L•••••• H•••••• General Counsel since 2013-07
  • C•••••••• J••• M•••••• Senior Managing Director since 2018-03
  • S••••• M• P•••••• President - B••••• Life Science since 2021-03
Full team · 15 people
  • T••• J•••• L••• Chief Financial Officer since 2022-04
  • R••••• C••••••• H••••• Trustee Of The Pine Trust since 2022-06
  • O•••••• R••••• P•••• Independent Manager since 2022-06
  • C•••• J••• D••• Independent Manager since 2022-06
  • L••••••• E••••• M••••• Independent Manager since 2022-06
What is changing?
  • GAV reading quarantined Mar 29, 2024 (observed) ••• Locked
  • Vehicle first reported Mar 31, 2023 (observed) ••• Locked
  • Vehicle dropped from ADV Mar 29, 2019 (observed) ••• Locked
  • Vehicle dropped from ADV Mar 29, 2019 (observed) ••• Locked
  • Vehicle first reported Mar 30, 2018 (observed) ••• Locked
Full timeline · 10 events
  • Vehicle first reported Mar 30, 2015 (observed) ••• Locked
  • First ADV filing on the tape Feb 13, 2012 (observed) ••• Locked
  • Vehicle first reported Feb 13, 2012 (observed) ••• Locked
  • Vehicle first reported Feb 13, 2012 (observed) ••• Locked
  • Vehicle first reported Feb 13, 2012 (observed) ••• Locked
Across DFX