DFX Intelligence
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Manager
B••••••• I••••••••• M••••••••• L••
What capital do they manage?
- Real estate GAV
- $586M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 6 current, 6 ever, 0 dropped0 feeders, 0 funds of funds
- First on the tape
- 2019the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 28, 2024registered adviser
- Adviser RAUM
- $781Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 6
- 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
- Operator with outside capitalbasis: stated
- Property types
- Retailbasis: stated
- Markets
- United States, Arizona, California, Colorado, Connecticut, Georgia, Illinois, Indianabasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $2.5 billionthe manager's statement, not a DFX figure
In the manager’s own words
- Value add: “Our strength lies in sourcing proprietary retail opportunities through deep capital-markets relationships and strategic investor partnerships, acquiring assets at an attractive basis.”
- Retail: “We acquire and operate retail properties with the discipline and care needed to generate strong investor returns, support tenant growth, and strengthen communities.”
- United States: “B••••••• Capital | National Retail Real Estate Investment Firm”
- Arizona: “Arizona 1 Property 1”
- California: “California 2 Properties 2”
- Colorado: “Colorado 4 Properties 4”
- Connecticut: “Connecticut 2 Properties 2”
- Georgia: “Georgia 3 Properties 3”
- Illinois: “Illinois 6 Properties 6”
- Indiana: “Indiana 2 Properties 2”
- Iowa: “Iowa 1 Property 1”
- Kansas: “Kansas 2 Properties 2”
- Maine: “Maine 4 Properties 4”
- Maryland: “Maryland 3 Properties 3”
- Michigan: “Michigan 2 Properties 2”
- Minnesota: “Minnesota 2 Properties 2”
- Nevada: “Nevada 6 Properties 6”
- New Hampshire: “New Hampshire 2 Properties 2”
- New Jersey: “New Jersey 2 Properties 2”
- New York: “New York 1 Property 1”
- Ohio: “Ohio 1 Property 1”
- Pennsylvania: “Pennsylvania 1 Property 1”
- South Carolina: “South Carolina 2 Properties 2”
- Texas: “Texas 2 Properties 2”
- Virginia: “Virginia 1 Property 1”
- Washington: “Washington 3 Properties 3”
- West Virginia: “West Virginia 2 Properties 2”
- Wisconsin: “Wisconsin 1 Property 1”
Vehicles
6 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| B•• R• P••••••• I••••••••• I• L•• 805-3016890983 | fund | $279M GAV 2024 | 2 | 2022 to 2024 | 2022 | Investing | |||
| B••••••• R••• E••••• P••••••• I• Q• L• 805-5884302766 | fund | $250M GAV 2024 | 120 | 2020 to 2024 | 2020 | Raising | Opportunistic | ||
| B••••••• R••• E••••• P••••••• I• Q• L• 805-7473937910 | fund | $29M GAV 2024 | 60 | 2020 to 2024 | 2020 | Investing | Opportunistic | ||
| B•• R• P••••••• I••••••••• I•• L•• 805-3884861910 | fund | $14M GAV 2024 | 2 | 2023 to 2024 | 2023 | Deploying | |||
| B••••••• R••• E••••• P••••••• I•• Q• L• 805-3980625635 | fund | $13M GAV 2024 | 255 | 2023 to 2024 | 2023 | Deploying | Opportunistic | 1 | |
| B••••••• R••• E••••• P••••••• I•• Q• L• 805-2376981210 | fund | $1M GAV 2024 | 87 | 2023 to 2024 | 2023 | Deploying | Opportunistic |
What do they actually own?
2 trusted of 2 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| B•• T••••••• S••••• I• L•• CT, comm bldg (state use 220) | manager only | 1 assessed $26.9M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| B•• M•••••• C••••••• L•• CT, shopngmall mdl-94 (state use 3230) | manager only | 1 assessed $33.6M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor |
Properties the manager names on its site
- C••••••••• P••••••••, 9555 E County Line Rd, Englewood, CO (retail) “••• Locked”
- N••••• P••• P•••••••, 510 N••••• P••• Blvd., Princeton, NJ (retail) “••• Locked”
- B•••••• P•••••, 11411 B•••••• Road, San Antonio, TX (retail) “••• Locked”
- W•••••••• V•••••• G••••, 1446 E Golf Rd, Schaumburg, IL (retail) “••• Locked”
- S••••• C•••••••, 101 Los Altos Pkwy, Reno, NV (retail) “••• Locked”
- S•••• a• C•••••••••, 3665 28th Street SE, Grand Rapids, MI (retail) “••• Locked”
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?
1 allocators, 1 rows
- J••• D• • C•••••••• T• M•••••••• F••••••••• in B••••••• R••• E••••• P••••••• I•• ••• L• exact_name$803,550 fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- J•••• J••••••• M•••••• Chief Executive Officer & Co-Founder since 2019-08
- A••• S••••• C•••• Chief Compliance Officer, President, & Co-Founder since 2019-09
- A••••• S••••• Executive Vice President since 2019-09
- A•••••••• G••••••• B••••••• Executive Vice President since 2022-06
- J••• L•••• S••••••••• Senior Vice President, Head Of Investments since 2024-02
What is changing?
- Vehicle first reported Mar 30, 2023 (observed) ••• Locked
- Vehicle first reported Mar 30, 2023 (observed) ••• Locked
- Vehicle first reported Mar 30, 2023 (observed) ••• Locked
- Vehicle first reported Mar 31, 2022 (observed) ••• Locked
- Vehicle first reported May 5, 2020 (observed) ••• Locked
- Vehicle first reported May 5, 2020 (observed) ••• Locked
- First ADV filing on the tape Dec 6, 2019 (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.