DFX Intelligence
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What capital do they manage?
- Real estate GAV
- $777M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 11 current, 21 ever, 9 dropped5 feeders, 0 funds of funds
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 28, 2024registered adviser
- Adviser RAUM
- $989Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 11, Private Equity Fund 1
- 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, Student housing, Manufactured housing, Industrial, Office, Retailbasis: stated
- Markets
- United States, Bremerton, Washington, Salt Lake City, Utah, Scottsdale, Arizona, Fremont, California, Stockbridge, Georgia, Conroe, Texas, The Woodlands, Texasbasis: 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 words
- Value add: “The Value Strategy seeks to make value-based investments on what we believe to be advantageous pricing terms resulting from market inefficiencies and dislocations in the current economy.”
- Opportunistic: “Investment Type: Value-added / opportunistic real estate”
- Debt: “The credit strategy seeks to generate current income through the origination and secondary purchase of real estate loans and real property in the United States.”
- Development: “Extensive experience in commercial and multifamily acquisitions, development, redevelopment, value-add, and distressed asset opportunities.”
- Distressed: “Extensive experience in commercial and multifamily acquisitions, development, redevelopment, value-add, and distressed asset opportunities.”
- Multifamily: “Multifamily, student housing, manufactured housing, affordable housing, flex/industrial, office, medical office, retail”
- Student housing: “Multifamily, student housing, manufactured housing, affordable housing, flex/industrial, office, medical office, retail”
- Manufactured housing: “Multifamily, student housing, manufactured housing, affordable housing, flex/industrial, office, medical office, retail”
- Industrial: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Office: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Retail: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Self storage: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Hotel: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Net lease: “Multi-family, student housing, industrial, retail, office, self-storage, hospitality, net lease, niche/ specialty”
- Senior housing: “The Impact Strategy invests in affordable housing within the United States, including low-income housing tax credit (LIHTC), senior housing, manufactured housing, and self-regulated market rate communities.”
- United States: “Disciplined investment underwriting focused on properties below the institutional range in growing markets across the United States.”
- Bremerton, Washington: “Bremerton, Washington”
- Salt Lake City, Utah: “Salt Lake City, Utah”
- Scottsdale, Arizona: “Scottsdale, Arizona”
- Fremont, California: “Fremont, California”
- Stockbridge, Georgia: “Stockbridge, Georgia”
- Conroe, Texas: “Conroe, Texas”
- The Woodlands, Texas: “The Woodlands, Texas”
- Coraopolis, Pennsylvania: “Coraopolis, Pennsylvania”
- Austin, Texas: “Austin, Texas”
- Albuquerque, New Mexico: “Albuquerque, New Mexico”
- West Covina, California: “West Covina, California”
Vehicles
21 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| K•••••• E•••••••• R••• E••••• I••••••••• F•••• L• 805-5160038796 | fund | $385M GAV 2024 | 553 | 2017 to 2024 | 2017 | Mature | |||
| R••••••••• R••• E••••• V•••• F••• V•••• L• 805-3263175691 | fund | $214M GAV 2024 | 330 | 2021 to 2024 | 2021 | Investing | |||
| R••••••••• R••• E••••• V•••• F••• V•• L• 805-5832110495 | fund | $85M GAV 2024 | 231 | 2018 to 2024 | 2018 | Harvesting | |||
| R••••••••• R••• E••••• V•••• F••• I•• L• 805-7357260623 | fund | $45M GAV 2024 | 212 | 2015 to 2024 | 2015 | Harvesting | |||
| R••••••••• R••• E••••• V•••• F••• V•••• L• 805-7087121646 | feeder | $18M GAV 2024 | 85 | 2018 to 2024 | 2018 | Harvesting | |||
| R••••••••• R••• E••••• V•••• F••• V•••••• L• 805-1008408175 | feeder | $13M GAV 2024 | 43 | 2021 to 2024 | 2021 | Raising | |||
| M•••••••• V••• H•••••••• I••••••••• L•• 805-6920527114 | fund | $7M GAV 2024 | 36 | 2023 to 2024 | 2023 | Investing | |||
| R••••••••• R••• E••••• V•••• F••• I•••• L• 805-9505137501 | feeder | $5M GAV 2024 | 64 | 2015 to 2024 | 2015 | Harvesting | |||
| R••••••••• R••• E••••• V•••• F••• I••• L•• 805-2756218568 | fund | $4M GAV 2024 | 85 | 2012* to 2024 | unknown | Winding down | |||
| R••••••••• R••• E••••• V•••• F••• I••••• L•• 805-1458770951 | feeder | $2M GAV 2024 | 88 | 2015 to 2024 | 2015 | Winding down | |||
| E••••••• I••••••••• F•••• L•• 805-1101965271 | feeder | $30,231 GAV 2024 | 17 | 2012* to 2024 | unknown | Winding down |
10 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| R• I•••••••• I•• L•• 805-1760666509, dropped 2016 | fund | $35M GAV 2015 | 27 | 2012* to 2015 | unknown | Dropped from ADV | |||
| B•••••• P•••• I••••••••• L•• 805-5391591038, dropped 2016 | fund | $31M GAV 2015 | 20 | 2015 to 2015 | 2015 | Dropped from ADV | |||
| C••••• I••••• a•• G••••• F••• I• L•• 805-5771863042, dropped 2016 | fund | $28M GAV 2015 | 18 | 2012* to 2015 | unknown | Dropped from ADV | |||
| H•••••• P••• I••••••••• L•• 805-4548961150, dropped 2016 | fund | $13M GAV 2015 | 6 | 2012* to 2015 | unknown | Dropped from ADV | |||
| B••••••• C•••••• I••••••••• L•• 805-9704883401, dropped 2016 | fund | $13M GAV 2015 | 9 | 2014 to 2015 | 2014 | Dropped from ADV | |||
| 5•• M••••• S••••• I••••••••• L•• 805-8993890952 | fund | $8M GAV 2014 | 10 | 2012* to 2014 | unknown | Harvesting | |||
| N••••••••• A••••• C•••••••• C••••• P•••••••• L•• 805-5090055575, dropped 2016 | fund | $7M GAV 2015 | 4 | 2013 to 2015 | 2013 | Dropped from ADV | |||
| C••••• C•••• P•••••••• L•• 805-3248250606, dropped 2016 | fund | $5M GAV 2015 | 3 | 2014 to 2015 | 2014 | Dropped from ADV | |||
| C••••••••• O••••• P•••••••• L•• 805-7208685103, dropped 2016 | fund | $4M GAV 2015 | 3 | 2014 to 2015 | 2014 | Dropped from ADV | |||
| C••••••• C•••••• I••••••••• L•• 805-5164460742, dropped 2021 | fund | $95,450 GAV 2020 | 22 | 2014 to 2020 | 2014 | Dropped from ADV |
What do they actually own?
1 trusted of 2 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| S• R••••••• P••••••• L•• FL, multifamily 10+ units | manager only | 1 assessed $24.5M | Corporate filing sunbiz_officer_person_is_manager |
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
- C••• J••• P•• C•••• Member, Manager since 1999-03 also on pe
- D•••• H•••••• C•••• Member since 1999-03 also on pe
- J••••••• A••••• N•••••• Owner, K••••• Investment Management Company; President, Chief Investment Officer since 2010-01 also on pe
- J••• F•••••• O••••••••• General Counsel since 2010-01 also on pe
- K••• W••• A•••••••• Chief Financial Officer since 2016-08 also on pe
- R••••• S•••••• T••• Chief Compliance Officer since 2024-01 also on pe, vc
What is changing?
- Vehicle first reported Mar 30, 2023 (observed) ••• Locked
- Vehicle dropped from ADV Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 31, 2021 (observed) ••• Locked
- Vehicle first reported Mar 29, 2018 (observed) ••• Locked
- Vehicle first reported Mar 29, 2018 (observed) ••• Locked
- Vehicle first reported Mar 31, 2017 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle dropped from ADV Mar 29, 2016 (observed) ••• Locked
- Vehicle first reported Mar 31, 2015 (observed) ••• Locked
- Vehicle first reported Mar 31, 2015 (observed) ••• Locked
- Vehicle first reported Mar 31, 2015 (observed) ••• Locked
- Vehicle first reported Mar 31, 2015 (observed) ••• Locked
- Vehicle first reported Mar 26, 2014 (observed) ••• Locked
- Vehicle first reported Mar 26, 2014 (observed) ••• Locked
- Vehicle first reported Mar 26, 2014 (observed) ••• Locked
- Vehicle first reported Mar 26, 2014 (observed) ••• Locked
- Vehicle first reported Apr 1, 2013 (observed) ••• Locked
- First ADV filing on the tape Feb 17, 2012 (observed) ••• Locked
- Vehicle first reported Feb 17, 2012 (observed) ••• Locked
- Vehicle first reported Feb 17, 2012 (observed) ••• Locked
- Vehicle first reported Feb 17, 2012 (observed) ••• Locked
- Vehicle first reported Feb 17, 2012 (observed) ••• Locked
- Vehicle first reported Feb 17, 2012 (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.