DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

D••• R••• E••••• P••••••• L•

Asset manager (funds and pooled vehicles)New York, New YorkCRD 157455SEC 801-73450websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Feb 13, 2012 · 30 filings
SEC status approved since Mar 30, 2012
RAUM
$1.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
26
20 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
22
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.6B as of Mar 27, 2026
Mar 28, 2013$1.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 28, 20130 then
Employees (5.A)26 as of Mar 27, 2026
Mar 28, 201325 then
Private funds22 as of Mar 27, 2026
Mar 28, 20139 then
RAUM -25% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$63.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-25%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.6B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
25reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      26 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      D••• R••• E••••• F••• I• L•Real Estate Fund$833M60Mar 29, 2018
      D••• I•• 2••• L•Real Estate Fund$439M45Mar 29, 2024
      D••• I• I••••••••• F••••• I• L•Real Estate Fund$296M2Mar 27, 2020
      D••• I• F•••••• C•• L•Real Estate Fund$204M5Mar 25, 2022
      D••• I• B•• C•• L•Real Estate Fund$196M5Mar 29, 2021
      D••• I• R••• F••• L•Real Estate Fund$178M2Mar 27, 2020
      D••• I• I••••••••• F••• I• L•Real Estate Fund$170M2Mar 27, 2020
      D••• R••• E••••• F••• I•• L•Real Estate Fund$162M85Mar 28, 2013
      D••• I• N••• C•• L•Real Estate Fund$156M5Mar 25, 2022
      D••• R••• E••••• F••• I• L•Real Estate Fund$58.2M30Feb 13, 2012
      D••• I• I••••••••• F••••• I•• L•Real Estate Fund$52.0M1Mar 27, 2020
      D••• R••• E••••• P••••••• F••• I• L•Real Estate Fund$41.5M20Feb 13, 2012
      D••• I•• I••••••••• F••••• L•Real Estate Fund$36.7M3Mar 29, 2024
      D••• R••• E••••• P••••••• I• E•• L••Real Estate Fund$32.0M10Mar 27, 2020
      D••• I• N• F••• L•Real Estate Fund$30.1M2Feb 13, 2012
      D••• I•• I••••••••• F••• L•Real Estate Fund$28.1M5Mar 26, 2015
      D••• R••• E••••• P••••••• I•• E•• L••Real Estate Fund$17.0M15Mar 26, 2015
      D••• I• I••••••••• F••• L•Real Estate Fund$14.5M2Feb 13, 2012
      D••• I• S• C•• L•Real Estate Fund$13.6M15Mar 29, 2023
      D••• I•• L• C•• L•Real Estate Fund$1.5M1Mar 26, 2015
      D••• P••••••• A•• I• L•Real Estate Fund$923,27820Mar 26, 2015
      D••• R••• E••••• F••• L•Real Estate Fund$909,141100Feb 13, 2012
      D••• R••• E••••• P••••••• F••• L•Real Estate Fund$467,38425Feb 13, 2012
      D••• I• C•• I• L•Real Estate Fund$145,67315Jul 2, 2012
      D••• P••••••• A•• L•no longer reportedReal Estate Fund$025Feb 13, 2012
      D••• I• I••••••••• F••• L•no longer reportedReal Estate Fund$00Mar 29, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• D•••••• M•••••• · Chief Financial Officercontrol
        since 01/2010 · owns less than 5%
      • B••••••• J••••• A•• · Head Of Investor Relations & Executive Vice Presidentcontrol
        since 01/2016 · owns less than 5%
      • B•••••• M••••••••• C••• C••••••• · President & Chief Investment Officercontrol
        since 02/2020 · owns less than 5%
      • G••••• M••••••• S•••• · Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • G•••••• A••••• M•••••• · Head Of West Coast & Executive Vice Presidentcontrol
        since 07/2020 · owns less than 5%
      • N••••••• D•••••• M••••• · Chief Executive Officercontrol
        since 01/2010 · owns less than 5%
      • S••••••• M••••••• D•••• · General Counselcontrol
        since 02/2010 · owns less than 5%
      • B•••••• M••••••••• C••• C••••••• · Member/M••••••control
        since 01/2013 · owns 75% or more of T•• I••••••••• L••
      • G•••••• A••••• M•••••• · Member/M••••••control
        since 01/2023 · owns 75% or more of A•• D•• I••••••••• L••
      • N••••••• D•••••• M••••• · M••••••control
        since 01/2023 · owns F of D••• R••• E••••• M•••••• L••
      • N••••••• D•••••• M••••• · Member/M••••••control
        since 10/2004 · owns 75% or more of J•• I••••••••• L••
      • N••••••• D•••••• M••••• · Trusteecontrol
        since 01/2023 · owns F of T•• D••••• M• N•••••• R•••••••• T••••
      Entity owners
      • D••• R••• E••••• M•••••• L•• · General Partner
        direct · owns less than 5%
      • J•• I••••••••• L•• · Limited Partner
        direct · owns 50% to 75%
      • T•• D••••• M• N•••••• R•••••••• T•••• · Member
        indirect · owns 75% or more of D••• R••• E••••• M•••••• L••
      • A•• D•• I••••••••• L•• · Limited Partner
        direct · owns 5% to 10%
      • T•• I••••••••• L•• · Limited Partner
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • A••• R••••••••• G• L••
        pooled vehicle sponsorn
      • D••• I• C•• I• L••
        pooled vehicle sponsorn
      • D••• I•• 2••• G• L••
        bankpooled vehicle sponsorn
      • D••• I•• I••••••••• L••
        bankpooled vehicle sponsorn
      • D••• I•• L• C•• L••
        pooled vehicle sponsorn
      • D••• I• B•• C•• I••••••••• L••
        bankpooled vehicle sponsorn
      • D••• I• B•• C•• L••
        bankpooled vehicle sponsorn
      • D••• I• D• C•• L••
        pooled vehicle sponsorn
      • D••• I• F•••••• C•• L••
        bankpooled vehicle sponsorn
      • D••• I• I••••••••• L••
        bankpooled vehicle sponsorn
      • D••• I• N••• C•• L••
        bankpooled vehicle sponsorn
      • D••• I• S• C•• L••
        bankpooled vehicle sponsorn
      • D••• R••• E••••• M•••••• L••
        pooled vehicle sponsory
      • D••• R••• E••••• P••••••• I• L••
        pooled vehicle sponsorn
      • D••• R••• E••••• P••••••• I•• L••
        bankpooled vehicle sponsorn
      • D••• R••• E••••• P••••••• I• L••
        bankpooled vehicle sponsorn
      • D••• R••• E••••• P••••••• L••
        pooled vehicle sponsorn
      • D••• R••• E••••• P••••••• V• L••
        pooled vehicle sponsorn
      Advisers that list D••• R••• E••••• P••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Los Angeles, CA5 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 27, 2026
        RAUM (Item 5.F) moved from $2,115,642,854 to $1,586,376,944 (-25.0%) between the annual amendments of 2025-03-26 and 2026-03-27; the peer median change was +11.0% (1368 comparable advisers, 5.0th percentile of changes)
        peers: ASSET_M••••••, $1B to $5B (1,368) · 4.6% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 25 to 20
        Jun 18, 2025 to Mar 27, 2026
      • Employees · 32 to 26
        Jun 18, 2025 to Mar 27, 2026
      • Discretionary RAUM · $2.1B to $1.6B
        Jun 18, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $2.1B to $1.6B
        Jun 18, 2025 to Mar 27, 2026
      • RAUM · $2.1B to $1.6B
        Jun 18, 2025 to Mar 27, 2026
      • Financial planning clients · unset to
        Mar 26, 2025 to Jun 18, 2025
      • Accounts · 27 to 25
        Mar 29, 2024 to Mar 26, 2025
      • Advisory employees · 29 to 25
        Mar 29, 2024 to Mar 26, 2025
      • Pooled vehicle clients · 27 to 25
        Mar 29, 2024 to Mar 26, 2025
      • Employees · 35 to 32
        Mar 29, 2024 to Mar 26, 2025
      • Private funds · 23 to 22
        Mar 29, 2024 to Mar 26, 2025
      • Discretionary RAUM · $2.4B to $2.1B
        Mar 29, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $2.4B to $2.1B
        Mar 29, 2024 to Mar 26, 2025
      • RAUM · $2.4B to $2.1B
        Mar 29, 2024 to Mar 26, 2025
      • Advisory employees · 32 to 29
        Mar 29, 2023 to Mar 29, 2024
      • Employees · 36 to 35
        Mar 29, 2023 to Mar 29, 2024
      • Private funds · 22 to 23
        Mar 29, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.3B to $2.4B
        Mar 29, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.3B to $2.4B
        Mar 29, 2023 to Mar 29, 2024
      • RAUM · $2.3B to $2.4B
        Mar 29, 2023 to Mar 29, 2024
      • Accounts · 26 to 27
        Mar 25, 2022 to Mar 29, 2023
      • Advisory employees · 31 to 32
        Mar 25, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 26 to 27
        Mar 25, 2022 to Mar 29, 2023
      • Private funds · 21 to 22
        Mar 25, 2022 to Mar 29, 2023
      • Discretionary RAUM · $2.3B to $2.3B
        Mar 25, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $2.3B to $2.3B
        Mar 25, 2022 to Mar 29, 2023
      • RAUM · $2.3B to $2.3B
        Mar 25, 2022 to Mar 29, 2023
      • Accounts · 25 to 26
        May 25, 2021 to Mar 25, 2022
      • Advisory employees · 27 to 31
        May 25, 2021 to Mar 25, 2022
      • Pooled vehicle clients · 25 to 26
        May 25, 2021 to Mar 25, 2022
      • Employees · 31 to 36
        May 25, 2021 to Mar 25, 2022
      • Private funds · 20 to 21
        May 25, 2021 to Mar 25, 2022
      • Discretionary RAUM · $2.4B to $2.3B
        May 25, 2021 to Mar 25, 2022
      • Pooled vehicle RAUM · $2.4B to $2.3B
        May 25, 2021 to Mar 25, 2022
      • RAUM · $2.4B to $2.3B
        May 25, 2021 to Mar 25, 2022
      • Accounts · 23 to 25
        Feb 4, 2021 to Mar 29, 2021
      • Advisory employees · 25 to 27
        Feb 4, 2021 to Mar 29, 2021
      • Pooled vehicle clients · 23 to 25
        Feb 4, 2021 to Mar 29, 2021
      • Employees · 30 to 31
        Feb 4, 2021 to Mar 29, 2021
      • Private funds · 19 to 20
        Feb 4, 2021 to Mar 29, 2021
      Signals
      5 dated events
      • D••• R••• E••••• P••••••• L• reported RAUM $1.6B, down 25% from $2.1B (2025-06-18 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • Shawn Michael Golik (Chief Compliance Officer) appeared on Schedule A of D••• R••• E••••• P••••••• L•
        Mar 29, 2024 · Control person joined · fact
      • Eric Joseph Calder (Co-Chief Investment Officer & Executive Vice President) no longer on Schedule A of D••• R••• E••••• P••••••• L• (listed 2021-03-29, absent 2021-05-25)
        May 25, 2021 · Control person left · inference
      • Matthew Aaron Greeno (Head Of West Coast & Executive Vice President) appeared on Schedule A of D••• R••• E••••• P••••••• L•
        Mar 29, 2021 · Control person joined · fact
      • Lewis Russell Gimelstob (Member/Manager) no longer on Schedule A of D••• R••• E••••• P••••••• L• (listed 2019-10-18, absent 2019-10-31)
        Oct 31, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/dunerealestatepartnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      dunerealestate.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-301-8342reportedpublic record, Form ADV, Mar 27, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      D••• R••• E••••• P••••••• L• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

      Checking your plan…