DFX Intelligence
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P•••• o• 3• S••• D••••••••• F•••• L••
Debt real estate managerExempt reporting adviserunder $1B· Pittsburgh, Pennsylvania
Debt real estate manager, based in Pittsburgh, Pennsylvania, reporting $52.1M of real estate gross assets across 1 vehicle.
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
- $52.1M
- Current vehicles
- 1
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 174355 · SEC 802-80834ShowHide
What capital do they manage?
- Real estate GAV
- $52M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 1 current, 1 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
- Jun 14, 2024exempt reporting adviser
- Fund types on the latest filing
- Real Estate Fund 1
What do they say they do?
stated by the manager
- Strategy
- Debt
- Operator model
- Debt managerbasis: stated
- Property types
- Industrial, Mixed use, Other, Landbasis: stated
- Markets
- Pennsylvania, Maryland, Ohio, West Virginiabasis: stated
- Business kind (site)
- Real estate manager
- AUM in its own words
- $49 millionthe manager's statement, not a DFX figure
- Parent
- Callay Capital LLC
In the manager's own words11 quotesShowHide
- Debt: “The P•••• o• 3• S••• D••••••••• F••• closes critical infrastructure financing gaps by making patient mortgage loans to sites that have the potential for regional impact”
- Development: “Horizontal preparation of sites – through grading, infrastructure installation and environmental remediation – is critical to moving them to market more quickly”
- Land: “with a preference for redeveloping brownfield sites or land in underinvested communities that are eligible under the CRA criteria”
- Industrial: “The Fund targets larger sites – 20 acres or more – industrial, commercial or mixed use”
- Mixed use: “The Fund targets larger sites – 20 acres or more – industrial, commercial or mixed use”
- Other: “industrial, commercial or mixed use”
- Land: “with a preference for redeveloping brownfield sites or land in underinvested communities”
- Pennsylvania: “This multi-state footprint encompasses parts of Pennsylvania, Maryland, Ohio and West Virginia.”
- Maryland: “This multi-state footprint encompasses parts of Pennsylvania, Maryland, Ohio and West Virginia.”
- Ohio: “This multi-state footprint encompasses parts of Pennsylvania, Maryland, Ohio and West Virginia.”
- West Virginia: “This multi-state footprint encompasses parts of Pennsylvania, Maryland, Ohio and West Virginia.”
Vehicles
1 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| P•••• o• 3• S••• D••••••••• F••• P•••••••• L• 805-8676974746 | fund | $52M GAV 2024 | 55 | 2015* to 2024 | unknown | Mature | Development |
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
- J•••• M• S•••••• Secretary, Treasurer since 2014-03
- D••••• O•••••• Manager since 2014-03
- J••• A•••••••• B•••••• Manager since 2017-12
- S•••••• P•••••• President since 2019-02
- J••••••• G••••••••• Manager since 2019-02
- T••••••• S••• O••••••• Manager since 2023-02
- G••••• A•••••• M•••• Vice Chair since 2023-12
What is changing?
- Vehicle first reported Jan 2, 2015 (observed) ••• Locked
- First ADV filing on the tape Jan 2, 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.