B••••••••• R••• E••••• S•••••• S••••••••• F••• L•••

Gross asset value

$2M GAV 2018assets on the filing date; never fund size, commitments or dry powder

Beneficial owners

2

Minimum investment

$5.0M

Ownership

adviser and related 79%, funds of funds 21%, non-US 0%

Structure

standalonedefault

Exclusion

3(c)(7)

Jurisdiction

DE, United States

Form D file number

021-1254387.B.(1).A.22; the join to Form D is a later cycle

First reported

Mar 30, 2012 (tape start; the fund may be older)

Last reported

2018, dropped Mar 29, 2019 (absent from a later annual amendment)

Vintage

unknownbasis: unknown

Name says

Distressed (S•••••• S•••••••••)

Lifecycle

Dropped from ADV2019-03-29

Admission

sworn as a Real Estate Fund

A holding binds to a VEHICLE only when the owner name carries the vehicle’s stem and numeral; most holdings bind to the manager alone.

• P••• H••• R••• E••••• G•••• L•• placement agent of, third party
• P••• H••• G•••• L•• placement agent of, third party
• T•• A•••••••• I••• placement agent of, third party
• C••••••••• C•••••• M••••••••• L•• placement agent of, third party
• B••••••••• A••••••• P••••••• L••• placement agent of, related person

• Vehicle dropped from ADV Mar 29, 2019 (observed) B••••••••• R••• E••••• S•••••• S••••••••• F••• L••• no longer reported on Form ADV by B••••••••• R••• E••••• S•••••• S••••••••• A••••••• L•••••
• Vehicle first reported Mar 30, 2012 (observed) B••••••••• R••• E••••• S•••••• S••••••••• F••• L••• first reported on Form ADV by B••••••••• R••• E••••• S•••••• S••••••••• A••••••• L•••••, GAV $29,547,421 (tape start: the fund may be older)