DFX Intelligence
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P••••••• F••• A•••••••• L••
Opportunistic real estate managerSEC-registered adviserunder $1B· Miami, Florida
Opportunistic real estate manager, based in Miami, Florida, reporting $869M of real estate gross assets across 4 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
- $869M
- Current vehicles
- 4
- Institutional LPs
- 2
Form ADV, Schedule D, real estate vehicles summed
Form ADV, Schedule D 7.B.(1)
Pension and endowment disclosures
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 168077 · SEC 801-113651ShowHide
What capital do they manage?
- Real estate GAV
- $869M 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, 5 ever, 1 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- First on the tape
- 2014the extract starts in 2011; an earlier history is not visible
- Latest filing
- Apr 25, 2024registered adviser
- Adviser RAUM
- $869Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 4
- 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
- Opportunistic
- Operator model
- Hybridbasis: stated
- Property types
- Multifamily, Student housing, Self storage, Otherbasis: stated
- Markets
- Miami, New York, Los Angelesbasis: stated
- Business kind (site)
- Real estate manager
In the manager's own words8 quotesShowHide
- Opportunistic: “Our funds are opportunistic in nature, and focused on specific strategies that fit our top-down focus on needs-based strategies with a consumer bias.”
- Special situations: “Special Situations”
- Development: “self-storage, parking, student housing and multifamily development”
- Multifamily: “self-storage, parking, student housing and multifamily development”
- Student housing: “self-storage, parking, student housing and multifamily development”
- Self storage: “self-storage, parking, student housing and multifamily development”
- Other: “self-storage, parking, student housing and multifamily development”
- Miami, New York, Los Angeles: “3 Offices Miami, New York, Los Angeles”
Vehicles
5 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| P••••••• R••• E••••• F••• I•• L• 805-9013236783 | fund | $549M GAV 2024 | 171 | 2023 to 2024 | 2023 | Deploying | 2 | |
| P••••••• R••• E••••• F••• I••• L• 805-5409635943 | fund | $301M GAV 2024 | 109 | 2018 to 2024 | 2018 | Harvesting | ||
| P••••••• R••• E••••• F••• I•• L• 805-1992809945 | fund | $10M GAV 2024 | 38 | 2015 to 2024 | 2015 | Winding down | ||
| P••••••• C••••••••• F••• a• L• 805-3435192129 | co-investment | $8M GAV 2024 | 5 | 2024 to 2024 | 2024 | Unknown |
1 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| P••••••• R••• E••••• F••• I• L• 805-8781898845, dropped 2022 | fund | $2M GAV 2021 | 17 | 2014* to 2021 | unknown | Dropped from ADV |
What do they actually own?
0 trusted of 3 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?
2 allocators, 2 rows
- C••••••••• F••• in P••••••• R••• E••••• I• stem_sequence$4.3M fair value, as of Jun 30, 2025 apps.irs.gov
- R••••••••• B••••••• F••• I•• in P••••••• R••• E••••• F••• I• exact_name$4.6M fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- A•••••••• B•••• H•••• Member since 2013-05 also on pe, vc
- E••• S•••• E••••••••• Chief Compliance Officer since 2018-01
What is changing?
- Vehicle first reported Mar 18, 2024 (observed) ••• Locked
- Vehicle first reported Mar 16, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 23, 2022 (observed) ••• Locked
- Vehicle first reported Jun 20, 2018 (observed) ••• Locked
- Vehicle first reported Mar 12, 2015 (observed) ••• Locked
Full timeline · 7 eventsShow fewer
- Vehicle first reported Mar 6, 2014 (observed) ••• Locked
- First ADV filing on the tape Mar 6, 2014 (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.