DFX Intelligence
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V••••• R••• E••••• L••
Multi-strategy real estate managerSEC-registered adviserunder $1B· Austin, Texas
Multi-strategy real estate manager, based in Austin, Texas, reporting $599M of real estate gross assets across 7 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
- $599M
- Current vehicles
- 7
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
Why this matters
- Graphs 2
Identifiers, size band and strategyCRD 164146 · SEC 801-77068ShowHide
What capital do they manage?
- Real estate GAV
- $599M GAV 2024sum of GAV over non-feeder, non-quarantined R••• E••••• Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 7 current, 18 ever, 8 dropped0 feeders, 0 funds of funds
How the GAV is measured, and the filing detailShowHide
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 29, 2024registered adviser
- Adviser RAUM
- $599Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 7
- 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
- Multi-strategy
- Operator model
- Fund managerbasis: stated
- Property types
- Multifamily, Student housing, Self storage, Healthcare, Life science, Senior housingbasis: stated
- Markets
- Eastern U.S., United States (nationally), United States (nationwide)basis: stated
- Business kind (site)
- Real estate manager
- AUM in its own words
- ••• Lockedthe manager's statement, not a DFX figure
In the manager's own words16 quotesShowHide
- Core: “V••••• actively invests across the risk spectrum, from stabilized core and core-plus investments, to value-add and opportunistic ones.”
- Core plus: “V••••• actively invests across the risk spectrum, from stabilized core and core-plus investments, to value-add and opportunistic ones.”
- Value add: “V••••• actively invests across the risk spectrum, from stabilized core and core-plus investments, to value-add and opportunistic ones.”
- Opportunistic: “V••••• actively invests across the risk spectrum, from stabilized core and core-plus investments, to value-add and opportunistic ones.”
- Development: “Seeing the opportunity to enhance the quality and quantity of its alternative multifamily development deal flow, the Firm launches Community First Development (“C1”)”
- Multifamily: “Terrell Gates founds V••••• in Austin, TX and focuses on value-add multifamily housing”
- Student housing: “V••••• launches discretionary vehicle targeting student housing investing in value-add and ground-up properties totaling $205 million in original basis”
- Self storage: “V••••• and its affiliates expand their self-storage strategy, ultimately investing $68 million in self-storage properties.”
- Healthcare: “Healthcare real estate is a cornerstone of the V••••• portfolio, driven by the aging U.S. population and rising healthcare needs.”
- Life science: “We focus on medical outpatient buildings, life sciences facilities, specialty healthcare properties, and senior living communities to address diverse care demands.”
- Senior housing: “We focus on medical outpatient buildings, life sciences facilities, specialty healthcare properties, and senior living communities to address diverse care demands.”
- Office: “has helped both sellers and purchasers of all types of real estate, including student housing, multifamily apartment buildings, retail centers, senior living facilities and office complexes”
- Retail: “has helped both sellers and purchasers of all types of real estate, including student housing, multifamily apartment buildings, retail centers, senior living facilities and office complexes”
- Eastern U.S.: “leads healthcare investing in the Eastern U.S. as well as Self-Storage nationally”
- United States (nationally): “leads healthcare investing in the Eastern U.S. as well as Self-Storage nationally”
- United States (nationwide): “responsible for underwriting, financial analysis, market research, and due diligence for multifamily and student housing investments nationwide”
Vehicles
18 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| V••••• R••• E••••• E••••••• C•••• L• 805-3302541459 | fund | $586M GAV 2024 | 25 | 2022 to 2024 | 2022 | Investing | Value add | |
| V••••• A••• C••••••••• L•• 805-4641104994 | co-investment | $6M GAV 2024 | 2 | 2023 to 2024 | 2023 | Investing | ||
| V••• I• A•••••• Q•••••••• F•••• L•• 805-3399236073 | fund | $4M GAV 2024 | 60 | 2018 to 2024 | 2018 | Harvesting | ||
| V••••• R••• E••••• C•••••• I••••••••• L• 805-9196766961 | fund | $1M GAV 2024 | 4 | 2012* to 2024 | unknown | Winding down | ||
| V••••• M••••••• W••• L•• 805-8546005220 | fund | $1M GAV 2024 | 1 | 2018 to 2024 | 2018 | Winding down |
All 7 current vehiclesShow fewerlargest GAV first
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| V••••• R••• E••••• C•••••• Q•••••••• L• 805-3814019677 | fund | $884,642 GAV 2024 | 96 | 2012* to 2024 | unknown | Winding down | ||
| V••••• R••• E••••• E••••••• C••• R•••• L•• 805-1811444855 | fund | $0 GAV 2024 | 126 | 2022 to 2024 | 2022 | Winding down | Value add |
11 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|
| V••••• M•••• C••••••••• F•••• L• 805-4068374989 | co-investment | $108M GAV 2021 | 3 | 2018 to 2021 | 2018 | Investing | ||
| V••••• E• P•••• L• 805-6653062948 | fund | $21M GAV 2021 | 1 | 2021 to 2021 | 2021 | Unknown | ||
| C•••••••• F•••• D••••••••• L• 805-6715540319 | fund | $11M GAV 2022 | 3 | 2022 to 2022 | 2022 | Unknown | Development | |
| V••••• S•••••••• S••••••••• L• 805-5828126091, dropped 2020 | fund | $5M GAV 2019 | 5 | 2016 to 2019 | 2016 | Dropped from ADV | Secondaries | |
| V••••• T••••• S•••••• I••••••••• I•• L•• 805-6148858915, dropped 2016 | fund | $2M GAV 2015 | 85 | 2012* to 2015 | unknown | Dropped from ADV | ||
| V••••• S•••••• H•••••• I••••••••• L• 805-1587329119, dropped 2022 | fund | $471,236 GAV 2021 | 65 | 2012* to 2021 | unknown | Dropped from ADV | ||
| V••••• M••••••• G••••••• L•• 805-8598881815, dropped 2020 | fund | $209,720 GAV 2019 | 1 | 2017 to 2019 | 2017 | Dropped from ADV | ||
| V••••• S•••••• I••••••••• I• Q•••••••• L• 805-4399364358, dropped 2018 | fund | $160,440 GAV 2017 | 95 | 2012* to 2017 | unknown | Dropped from ADV | ||
| V••••• S•••••• I••••••••• I• I••••••••• L• 805-4998174658, dropped 2018 | fund | $10,806 GAV 2017 | 22 | 2012* to 2017 | unknown | Dropped from ADV | ||
| V••••• R••• E••••• C•••••• I••••••••• Q•••••••• L• 805-2507992085, dropped 2016 | fund | $0 GAV 2015 | 0 | 2012* to 2015 | unknown | Dropped from ADV | ||
| V••••• S•••••• H•••••• Q••••••••• L• 805-3436654939, dropped 2022 | fund | $0 GAV 2021 | 93 | 2012* to 2021 | unknown | Dropped from ADV |
What do they actually own?
0 trusted of 2 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
- W•••••• A••••• S••••• Cfo since 2012-01 also on pe
- C•••• D•••• Chief Compliance Officer since 2017-11 also on pe
- K•••• W•••• Cio since 2021-01 also on pe
- T•••••• F••••••• G•••• Managing Member since 2022-11 also on pe
What is changing?
- Vehicle first reported Mar 31, 2023 (observed) ••• Locked
- Vehicle first reported Sep 13, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2022 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2022 (observed) ••• Locked
- Vehicle first reported Mar 30, 2022 (observed) ••• Locked
Full timeline · 27 eventsShow fewer
- Vehicle first reported Mar 30, 2022 (observed) ••• Locked
- Vehicle first reported Mar 31, 2021 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2020 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2020 (observed) ••• Locked
- Vehicle first reported Mar 30, 2018 (observed) ••• Locked
- Vehicle first reported Mar 30, 2018 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2018 (observed) ••• Locked
- Vehicle dropped from ADV Mar 30, 2018 (observed) ••• Locked
- Vehicle first reported Mar 30, 2018 (observed) ••• Locked
- Vehicle first reported Mar 30, 2017 (observed) ••• Locked
- Vehicle dropped from ADV Mar 24, 2016 (observed) ••• Locked
- Vehicle first reported Mar 24, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 24, 2016 (observed) ••• Locked
- First ADV filing on the tape Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (observed) ••• Locked
- Vehicle first reported Aug 16, 2012 (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.