DFX Intelligence
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.
D••••••••• P••••••• L•
Multi-strategy real estate managerSEC-registered adviserunder $1B· New York, New York
Multi-strategy real estate manager, based in New York, New York, reporting $258M of real estate gross assets across 17 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
- $258M
- Current vehicles
- 17
- Properties held
- 2
- Institutional LPs
- 2
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
Deeds, filings and the manager's own site, bound to its vehicles
Pension and endowment disclosures
As of · the latest Form ADV filing; property activity carries its own dates
Why this matters
- Institutional LPs 2
- Lender groups 1
- Graphs 2
Identifiers, size band and strategyCRD 297786 · SEC 801-118098ShowHide
What capital do they manage?
- Real estate GAV
- $258M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 17 current, 24 ever, 6 dropped1 feeders, 0 funds of funds
- First on the tape
- 2020the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 29, 2024registered adviser
- Adviser RAUM
- $2.2Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 17, Private Equity Fund 60
- 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
- Self storage, Student housing, Office, Life science, Landbasis: stated
- Markets
- Inland Empire, CA, P••• B••••, FL, C••••••••, NC, Pittsburgh, PA, P•••••••••, PA, Southeast U.S., B•••••••, NY, Columbus, OHbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $1.8B AUM (as of 3/31/2026)the manager's statement, not a DFX figure
In the manager’s own words
- Value add: “Create enduring value through renovation, repositioning, and development strategies, with a preference for long-term compounding”
- Development: “M••••••••• Development”
- Opportunistic: “Move decisively when attractive opportunities arise, without artificial pressure to deploy capital”
- Multi-strategy: “Strategies include Private Investments, Real Estate, GP Solutions, and other opportunistic investments.”
- Self storage: “S•••••••••”
- Student housing: “Master-leased S•••••• H••••••”
- Office: “Office / L••• S•••••••”
- Life science: “Office / L••• S•••••••”
- Land: “R••••• / Land”
- Inland Empire, CA: “Inland Empire, CA”
- P••• B••••, FL: “P••• B••••, FL”
- C••••••••, NC: “C••••••••, NC”
- Pittsburgh, PA: “Pittsburgh, PA”
- P•••••••••, PA: “P•••••••••, PA”
- Southeast U.S.: “Various – Southeast U.S.”
- B•••••••, NY: “B•••••••, NY”
- Columbus, OH: “Columbus, OH”
- Southwest U.S.: “Southwest U.S.”
- Sterling, VA: “Sterling, VA”
- C•••••••••, SC: “C•••••••••, SC”
- San Diego, CA: “San Diego, CA”
- Arlington, VA: “Arlington, VA”
- San Antonio, TX: “San Antonio, TX”
- New York, NY: “New York, NY”
- Long Island, NY: “Long Island, NY”
- Northern Virginia: “Northern Virginia”
- Gainesville, FL: “Gainesville, FL”
- Chantilly, VA: “Chantilly, VA”
Vehicles
24 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| D••••••••• P••••••• R••• E••••• F••• I• L• 805-8781482748 | fund | $139M GAV 2024 | 118 | 2022 to 2024 | 2022 | Deploying | 1 | |
| D••••••••• P••••••• O• F••• I• L• 805-3564249951 | fund | $41M GAV 2024 | 46 | 2022 to 2024 | 2022 | Deploying | ||
| D••••••••• P••••••• O• F••• I• L• 805-4865285108 | fund | $33M GAV 2024 | 30 | 2020* to 2024 | unknown | Deploying | ||
| D••••••••• C•••••• R• S•• X•• L•• 805-2287778368 | fund | $10M GAV 2024 | 12 | 2020* to 2024 | unknown | Investing | ||
| D••••••••• C•••••• R• S•• I• L•• 805-9935712846 | fund | $9M GAV 2024 | 12 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• C•••••• R• S•• X•• L•• 805-9156216006 | fund | $7M GAV 2024 | 1 | 2021 to 2024 | 2021 | Investing | ||
| D••••••••• C•••••• R• S•• I• L•• 805-9654515983 | fund | $6M GAV 2024 | 13 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• C•••••• R• S•• X•• L•• 805-2513176403 | fund | $5M GAV 2024 | 13 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• C•••••• R• S•• X•••• L•• 805-6061583632 | fund | $3M GAV 2024 | 15 | 2021 to 2024 | 2021 | Investing | ||
| D••••••••• C•••••• R• S•• X••• L•• 805-4351847942 | fund | $2M GAV 2024 | 13 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• C•••••• R• S•• X• L•• 805-7372143691 | fund | $2M GAV 2024 | 12 | 2020* to 2024 | unknown | Investing | ||
| D••••••••• C•••••• R• S•• I• L•• 805-4406491259 | fund | $880,632 GAV 2024 | 6 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• P••••••• O••••••••• I•• L• 805-8036343770 | fund | $49,465 GAV 2024 | 11 | 2021 to 2024 | 2021 | Winding down | Opportunistic | |
| D••••••••• C•••••• R• S•• X•• L•• 805-2508649313 | fund | $5,156 GAV 2024 | 2 | 2021 to 2024 | 2021 | Winding down | ||
| D••••••••• P••••••• R••• E••••• F••• I• L• 805-6105527322 | fund | $0 GAV 2024 | 25 | 2024 to 2024 | 2024 | Unknown | 1 | |
| D••••••••• P••••••• R••• E••••• F••• I••• L• 805-7380184487 | feeder | $0 GAV 2024 | 2 | 2024 to 2024 | 2024 | Unknown | ||
| D••••••••• C•••••• R• S•• X• L•• 805-8183099045 | fund | $0 GAV 2024 | 2 | 2021 to 2024 | 2021 | Winding down |
7 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| D••••••••• C•••••• P• S•• X•• L•• 805-1302636536, dropped 2022 | fund | $16M GAV 2021 | 14 | 2020* to 2021 | unknown | Dropped from ADV | ||
| D••••••••• C•••••• R• S•• X• L•• 805-2960899117, dropped 2022 | fund | $574,952 GAV 2021 | 1 | 2020* to 2021 | unknown | Dropped from ADV | ||
| D••••••••• C•••••• R• S•• X••• L•• 805-7627138125, dropped 2024 | fund | $542,332 GAV 2023 | 15 | 2021 to 2023 | 2021 | Dropped from ADV | ||
| D••••••••• C•••••• R• S•• V• L•• 805-8822098830, re-typed Private Equity Fund | fund | $524,439 GAV 2024 | 13 | 2020* to 2024 | unknown | Harvesting | ||
| D••••••••• C•••••• R• S•• V••• L•• 805-2277997607, dropped 2024 | fund | $240,123 GAV 2023 | 12 | 2020* to 2023 | unknown | Dropped from ADV | ||
| D••••••••• C•••••• R• S•• I•• L•• 805-5307846679, dropped 2022 | fund | $0 GAV 2021 | 0 | 2020* to 2021 | unknown | Dropped from ADV | ||
| D••••••••• C•••••• R• S•• V• L•• 805-1210105890, dropped 2022 | fund | $0 GAV 2021 | 0 | 2020* to 2021 | unknown | Dropped from ADV |
What do they actually own?
2 trusted of 2 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| D••••••••• P••••••• R••• E••••• F••• I••• L• MA | D••••••••• P••••••• R••• E••••• F••• I••• L• | 2 | 2 ($32.8M) | Corporate filing cmbs_annex_sponsor_named |
| D••••••••• P••••••• R••• E••••• F••• I• L• MA | D••••••••• P••••••• R••• E••••• F••• I• L• | 2 | 2 ($32.8M) | Corporate filing cmbs_annex_sponsor_named |
Properties the manager names on its site
- H•••••• I••••••••• •••••••••, Inland Empire, CA (i•••••••••) “••• Locked”
- R•••• P••• B••••, P••• B••••, FL (m••••••••• development) “••• Locked”
- 1••• E••• B•••••••• •••••••••, C••••••••, NC (m•••••••••) “••• Locked”
- L••• O•••••• I•••••••••, O••••••, FL (i•••••••••) “••• Locked”
- F•••••• S•••••• H•••••• ••••••• R•••••••••, Pittsburgh, PA (master-leased s•••••• h••••••) “••• Locked”
- T•• D•••••••, Pittsburgh, PA (m•••••••••) “••• Locked”
- P••••••••• I••••••••• P••••••••, P•••••••••, PA (i•••••••••) “••• Locked”
- 4• R••••• S•••••••••, Various, Southeast U.S. (s•••••••••) “••• Locked”
- B••••••• • G••••••, B•••••••, NY (m••••••••• development) “••• Locked”
- M••••••••• P•••••••• E••••• V••••••, Various (m•••••••••) “••• Locked”
- C•••••••• N•••, C••••••••, NC (m••••••••• development) “••• Locked”
- C••••••• N•• A•••••, Columbus, OH (m•••••••••) “••• Locked”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
- loan eventDec 11, 2025$22.8Mcmbs_trust117 Hospital Road, MA through D••••••••• P••••••• R••• E••••• F••• I• L• with B•••••••• 2••••••• M••••••• T••••Securitised debt reporting sec.gov
- loan eventDec 11, 2025$22.8Mcmbs_trust117 Hospital Road, MA through D••••••••• P••••••• R••• E••••• F••• I••• L• with B•••••••• 2••••••• M••••••• T••••Securitised debt reporting sec.gov
- loan eventOct 15, 2025$10.0Mcmbs_trust117 HOSPITAL ROAD, MA through D••••••••• P••••••• R••• E••••• F••• I• L• with B•••••••• 2••••••• M••••••• T••••Securitised debt reporting sec.gov
- loan eventOct 15, 2025$10.0Mcmbs_trust117 HOSPITAL ROAD, MA through D••••••••• P••••••• R••• E••••• F••• I••• L• with B•••••••• 2••••••• M••••••• T••••Securitised debt reporting sec.gov
Who finances them?
4 loans, 1 lender groups, next maturity Oct 6, 2030
- cmbs_trust new4 loans, $65.6M, Oct 15, 2025 to Dec 11, 2025
Who backs them?
2 allocators, 2 rows
- 2• F••••••••• I•• in D••••••••• P••••••• R••• E••••• F••• I• exact_name$115,693 fair value, as of Dec 31, 2024 apps.irs.gov
- S•••• F••••• F••••••••• I•• in D••••••••• P••••••• R••• E••••• F••• I• L• exact_name$1.2M fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- B•••• L•••• F•••• Managing Member since 2017-06 also on pe
- T••• S•••••• R••• Limited Partner since 2018-01 also on pe
- R••••• J•••••••• Limited Partner since 2018-02 also on pe, vc
- B•••• S•••• S•••• Limited Partner since 2019-02 also on pe
- E••••• J•• W••••• Limited Partner since 2019-02 also on pe
- A•••• B•••••• S••••• Limited Partner/Chief Financial Officer since 2022-05 also on pe, vc
- A••••••• E•••••••• B••••• Chief Compliance Officer since 2023-01 also on pe
What is changing?
- Vehicle dropped from ADV Mar 29, 2024 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 29, 2024 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- Vehicle first reported Mar 30, 2021 (observed) ••• Locked
- First ADV filing on the tape Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (observed) ••• Locked
- Vehicle first reported Jan 17, 2020 (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.