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K••• M••••••••• L••
Value add real estate managerSEC-registered adviserunder $1B· Englewood, New Jersey
Value add real estate manager, based in Englewood, New Jersey, reporting $463M of real estate gross assets across 9 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
- $463M
- Current vehicles
- 9
- Properties held
- 8
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
As of · the latest Form ADV filing; property activity carries its own dates
What matters now
- Apr 2028next loan maturity
Next loan maturity on its holdings: 6 Apr 2028 on K••• R••• E••••• I••••••••• P••••••• I•• L•• (NJ), 1 loan totalling $20M recorded.
in 18 months · Debt coming due inside two years has to be refinanced, extended or repaid: lenders and buyers can get ahead of it.
Identifiers, size band and strategyCRD 175409 · SEC 801-108153ShowHide
What capital do they manage?
- Real estate GAV
- $463M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 9 current, 9 ever, 0 dropped2 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- GAV as filed
- $487Mfeeders and quarantined readings included
- First on the tape
- 2016the extract starts in 2011; an earlier history is not visible
- Latest filing
- Apr 19, 2024registered adviser
- Adviser RAUM
- $543Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 9
- 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
- Value add
- Operator model
- Hybridbasis: stated
- Property types
- Multifamily, Industrial, Office, Hotelbasis: stated
- Markets
- New York metropolitan area, southeastern region of the U.S.basis: stated
- Business kind (site)
- Private equity
In the manager's own words11 quotesShowHide
- Value add: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- Opportunistic: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- Distressed: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- Special situations: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- Development: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- Multifamily: “more than 4,000 multifamily units”
- Industrial: “four million square feet of office and industrial space”
- Office: “four million square feet of office and industrial space”
- Hotel: “commercial, multifamily, industrial, and hospitality real estate”
- New York metropolitan area: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
- southeastern region of the U.S.: “KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area and southeastern region of the U.S.”
Vehicles
9 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| K••• R••• E••••• I••••••••• P••••••• I•• L•• 805-4488588834 | fund | $153M GAV 2024 | 79 | 2017 to 2024 | 2017 | Harvesting | ||
| K••• R••• E••••• I••••••••• P••••••• I••• L•• 805-4037696720 | fund | $122M GAV 2024 | 76 | 2016* to 2024 | unknown | Harvesting | ||
| K••• R••• E••••• I••••••••• P••••••• V• L•• 805-9118764905 | fund | $111M GAV 2024 | 105 | 2019 to 2024 | 2019 | Harvesting | ||
| K••• R••• E••••• I••••••••• P••••••• I•• L•• 805-1110068876 | fund | $48M GAV 2024 | 54 | 2016* to 2024 | unknown | Harvesting | ||
| K••• R••• E••••• I••••••••• P••••••• V• M••••• F•••• L•• 805-9280584265 | master | $15M GAV 2024 | 2 | 2023 to 2024 | 2023 | Deploying |
All 9 current vehiclesShow fewerlargest GAV first
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| K••• 6• S•••••• L•• 805-8406015397 | fund | $14M GAV 2024 | 27 | 2017 to 2024 | 2017 | Investing | ||
| K••• R••• E••••• I••••••••• P••••••• V•• L•• 805-9000437683 | feeder | $13M GAV 2024 | 20 | 2023 to 2024 | 2023 | Deploying | ||
| K••• R••• E••••• I••••••••• P••••••• V• Q•• L•• 805-3169551256 | feeder | $11M GAV 2024 | 75 | 2023 to 2024 | 2023 | Raising | ||
| K••• R••• E••••• I••••••••• P•••••••• L•• 805-8853726027 | fund | $0 GAV 2024 | 0 | 2016* to 2024 | unknown | Winding down |
What do they actually own?
6 trusted of 11 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| O•••• R••• A••••••• B•••• L•• FL, multifamily 10+ units | manager only | 1 assessed $94.8M | Corporate filing sunbiz officer is manager | |
| J••••••••• I••••••••• L•• FL, vacant commercial | manager only | 1 assessed $26.9M | Corporate filing sunbiz officer is manager | |
| T•••••• T••• A••••••••• L•• FL, vacant commercial | manager only | 2 assessed $1.4M | Corporate filing sunbiz officer is manager | |
| C••••••• L••• A••••••••• L•• FL, vacant commercial | manager only | 2 assessed $285,626 | Corporate filing sunbiz officer is manager | |
| 6•• C••••••• A••••• O•••• L•• NY, multifamily | manager only | 1 | Manager disclosure the manager's own website names the property, and the recorder shows this entity at that address today | |
| K••• R••• E••••• I••••••••• P••••••• I•• L•• NJ | K••• R••• E••••• I••••••••• P••••••• I•• L•• | 1 | 1 ($20.0M) | Corporate filing CMBS annex sponsor named |
Properties the manager names on its site
- 2• J•••••• S•••••, 2• J•••••• S•••••, Jersey C•••, New Jersey (office/r•••••/mixed use) “••• Locked”
- 6• C••••••••• R•••, 6• C••••••••• R•••, Ridgefield Park, New Jersey (office) “••• Locked”
- 1•• C••••••••• R•••, 1•• C••••••••• R•••, Ridgefield Park, New Jersey (office) “••• Locked”
- 1•• M••••••• S•••••, 1•• M••••••• S•••••, Brooklyn, New York (office/mixed use) “••• Locked”
- 4•• C••••••• A•••••, 4•• C••••••• A•••••, Valhalla, New York (office) “••• Locked”
- 1•••••• G••••• C••• P••••, 1•••••• G••••• C••• P••••, G••••• C•••, New York (office) “••• Locked”
- B••••••• C••••••, 358 North B•••••••, Hicksville, New York (r•••••) “••• Locked”
- 6•• C••••••• A•••••, 6•• C••••••• A•••••, New York, New York (r•••••/mixed use) “••• Locked”
- N•• C••• S••••••• C•••••, 78 North M••• S•••••, New C•••, New York (r•••••) “••• Locked”
- R••• R•••••, 2775, 2757, 2771, 2787 Mayport R•••, Jacksonville, Florida (r•••••) “••• Locked”
- 6• B•• S•••••, 6• B•• S•••••, Jersey C•••, New Jersey (r•••••) “••• Locked”
- A••• • P••••••••• B•••••••, 130 Bay S•••••, Jersey C•••, New Jersey (r•••••/mixed use) “••• Locked”
What are they buying, selling and financing?
1 acquisitions, 0 sales, 0 financings in 12 months
- loan eventJul 13, 2018$20.0Mcmbs_trust6• B•• S•••••, NJ through K••• R••• E••••• I••••••••• P••••••• I•• L•• with B•••••••• 2•••••• M••••••• T••••Securitised debt reporting sec.gov
Who finances them?
1 loans, 1 lender groups, next maturity Apr 6, 2028
- cmbs_trust steady3 loans, $100M, Jun 21, 2018 to Jul 13, 2018
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- K•••••• J••• H••• Trustee, Rachel P•••••••• 2008 Irrevocable Trust since 2008-11
- J••••••• A••••• B•••••••• Member since 2008-11
- A••• A•••••• A••••• Principal since 2008-11
- K•••••• D•••• P•••••••• Executive Chairman since 2008-11
- M•••••• V•••••• D•••• Cfo since 2016-02
- M•••••• R••••• G•••••••• Chief Operating Officer since 2016-04
- J••• M•••••• M•••• Managing Director since 2016-04
- R•••• J••••• A••••••• Member since 2017-04
What is changing?
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Apr 1, 2019 (observed) ••• Locked
- Vehicle first reported Mar 31, 2017 (observed) ••• Locked
Full timeline · 10 eventsShow fewer
- Vehicle first reported Mar 31, 2017 (observed) ••• Locked
- First ADV filing on the tape Jul 14, 2016 (observed) ••• Locked
- Vehicle first reported Jul 14, 2016 (observed) ••• Locked
- Vehicle first reported Jul 14, 2016 (observed) ••• Locked
- Vehicle first reported Jul 14, 2016 (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: institutional LPs.