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Former SEC-registered adviser

P•••••• R••••• P•••••••• L••

Former SEC-registered adviserWashington, District of ColumbiaCRD 160744SEC 801-74672IAPD
Latest filing Mar 31, 2014
First filing on the tape Mar 19, 2012 · 6 filings
RAUM
$284M
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
6
5 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
2
$284M gross assets
History
6 filings and snapshots on the tape
RAUM$284M as of Mar 31, 2014
Apr 1, 2013$298M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 31, 2014
Apr 1, 20131 then
Employees (5.A)6 as of Mar 31, 2014
Apr 1, 20136 then
Private funds2 as of Mar 31, 2014
Apr 1, 20132 then
RAUM -4.6% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2014; every figure names its basis
RAUM per advisor
$284MderivedRAUM 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
$142MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-4.6%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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
$284M, 2 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • 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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$284M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•• I•• L••• A•• P•• I•••••••• I•• L•••Real Estate Fund$218M30Mar 19, 2012
      P•••••• C•••••• C••• F•••• L•••Real Estate Fund$65.6M61Mar 19, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• P••• · Managing Member / Presidentcontrol
        since 12/2005 · owns 75% or more
      • R••••• R•••••• · Chief Financial Officer / Chief Compliance Officercontrol
        since 01/2011 · owns less than 5%
      Related persons
      Schedule D 7.A
      • P•••••• R••••• C••••••• L••
        investment companyy
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 5
        Jan 8, 2014 to Mar 31, 2014
      • Assets in custody · $299M to $284M
        Jan 8, 2014 to Mar 31, 2014
      • Discretionary RAUM · $298M to $284M
        Jan 8, 2014 to Mar 31, 2014
      • RAUM · $298M to $284M
        Jan 8, 2014 to Mar 31, 2014
      • Advisory employees · 3 to 4
        Oct 29, 2012 to Apr 1, 2013
      • Assets in custody · $270M to $299M
        Oct 29, 2012 to Apr 1, 2013
      • Employees · 7 to 6
        Oct 29, 2012 to Apr 1, 2013
      • State-registered IARs · 0 to 1
        Oct 29, 2012 to Apr 1, 2013
      • Discretionary RAUM · $279M to $298M
        Oct 29, 2012 to Apr 1, 2013
      • RAUM · $279M to $298M
        Oct 29, 2012 to Apr 1, 2013
      • Advisory employees · unset to 3.0
        Mar 26, 2012 to Oct 29, 2012
      • BD registered reps · unset to 0.0
        Mar 26, 2012 to Oct 29, 2012
      • Employees · unset to 7.0
        Mar 26, 2012 to Oct 29, 2012
      • State-registered IARs · unset to 0.0
        Mar 26, 2012 to Oct 29, 2012
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda 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

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

      Real Estate Funds1

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