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.

SEC-registered adviser

Berkshire Property Advisors, LLC

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 161374SEC 801-73998websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Feb 14, 2012 · 30 filings
SEC status approved since Mar 30, 2012
RAUM
$19B
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
226
75 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
4
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$19B as of Mar 30, 2026
Apr 1, 2013$5.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Apr 1, 20130 then
Employees (5.A)226 as of Mar 30, 2026
Apr 1, 2013128 then
Private funds4 as of Mar 30, 2026
Apr 1, 20137 then
RAUM +24% over the last fiscal year-5.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$2.4BderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+24%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$16B, 8 clientsreportedItem 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$19B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$16B for 8 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=false 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
      25 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Berkshire Multifamily Debt Fund III Investor, L.P.Real Estate Fund$2.0B85Mar 31, 2021
      Berkshire Multifamily Equity Fund, L.P.no longer reportedReal Estate Fund$1.8B131Feb 14, 2012
      Berkshire Bridge Loan Investors I, L.P.no longer reportedReal Estate Fund$1.3B20Mar 29, 2019
      Pbone-Op, L.L.C.no longer reportedReal Estate Fund$1.1B3Mar 30, 2020
      Berkshire Multifamily Income Realty Fund, L.P.no longer reportedHedge Fund$1.1B36Mar 30, 2016
      Berkshire Income Realty-Op L.P.no longer reportedReal Estate Fund$764M4Mar 30, 2016
      Berkshire Multifamily Debt Fund II, L.P.Real Estate Fund$740M66Mar 30, 2018
      Berkshire Bridge Loan Investors II, L.P.no longer reportedReal Estate Fund$554M28Mar 30, 2020
      Berkshire Multifamily Value Plus Fund IV, L.P.no longer reportedReal Estate Fund$494M49Mar 31, 2017
      Berkshire Value Fund V-Op, L.P.no longer reportedReal Estate Fund$459M36Mar 30, 2020
      Aptco Holdings, L.L.C.no longer reportedReal Estate Fund$422M2Feb 14, 2012
      Senior Housing Fund I, L.P.no longer reportedReal Estate Fund$324M5Mar 29, 2019
      Berkshire Multifamily Value Plus Fund III, L.P.no longer reportedReal Estate Fund$211M37Apr 1, 2013
      Seaport Del Co., L.L.C.no longer reportedReal Estate Fund$155M2Mar 28, 2014
      K709 Investor, L.L.C.no longer reportedReal Estate Fund$44.7M2Apr 1, 2013
      Mf1-Nm Investor, LLCReal Estate Fund$38.2M4Mar 31, 2022
      Bt Multifamily Partners, LPReal Estate Fund$30.4M1Mar 31, 2023
      Seaport U.S. Co., L.L.C.no longer reportedReal Estate Fund$10.4M3Mar 28, 2014
      Bvf-IV (Co-Invest) K728, L.P.no longer reportedReal Estate Fund$212,1698Mar 30, 2018
      Bvf-IV (Co-Invest) K726, L.P.no longer reportedReal Estate Fund$165,2469Mar 30, 2018
      Bvf-IV (Co-Invest) Kj08, L.P.Real Estate Fund$2760Mar 31, 2017
      Berkshire Multifamily Value Fund, L.P.no longer reportedReal Estate Fund$024Feb 14, 2012
      Berkshire Multifamily Value Fund II, L.P.no longer reportedReal Estate Fund$050Feb 14, 2012
      Berkshire Multifamily USA Property Partners, L.P.Real Estate Fund$05Mar 30, 2015
      Berkshire Ff Multifamily Co-Investment Fund, L.P.Real Estate Fund$02Apr 1, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • Elizabeth Mary Bloom · Managing Director, General Counsel, Chief Risk Officercontrol
        since 07/2002 · owns less than 5%
      • Tobias Jonathan Frey · Partner, Chief Operating Officercontrol
        since 03/2022 · owns less than 5%
      • John David Olney · Chief Executive Officercontrol
        since 10/2019 · owns less than 5%
      • Nmn Ravi Ragnauth · Partner, Chief Financial Officercontrol
        since 01/2023 · owns less than 5%
      • Stephen Douglas Krupp · Shareholdercontrol
        since 04/1987 · owns 50% to 75% of Kgp-1 Incorporated
      • Stephen Douglas Krupp · Shareholdercontrol
        since 12/2004 · owns 50% to 75% of Bpa Manager, Inc.
      • David George Krupp · Shareholdercontrol
        since 12/2004 · owns 50% to 75% of Bpa Manager, Inc.
      • David George Krupp · Shareholdercontrol
        since 04/1987 · owns 50% to 75% of Kgp-1 Incorporated
      • Scott Jeffrey Morandi · Managing Director, Chief Compliance Officer
        since 12/2023 · owns less than 5%
      Entity owners
      • Berkshire Group, L.L.C. · Member
        direct · owns 75% or more
      • Bpa Manager, Inc. · Non-Member Manager
        direct · owns less than 5%
      • Berkshire Group, L.P. · Member
        indirect · owns 75% or more of Berkshire Group, L.L.C.
      • Kgp-1 Incorporated · General Partner
        indirect · owns F of Berkshire Group, L.P.
      Related persons
      Schedule D 7.A
      • Berkshire Bridge Loan Investors I Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Bridge Loan Investors II Gp, LLC
        pooled vehicle sponsory
      • Berkshire Bridge Loan Investors Mf1 III Gp, LLC
        pooled vehicle sponsory
      • Berkshire Ff Multifamily Co-Investment Fund Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily Debt Fund II, Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily Debt Fund III, Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily Equity Fund Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily Income Realty Fund Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily USA Property Partners Gp, LLC
        pooled vehicle sponsory
      • Berkshire Multifamily Value Plus Fund Gp III, L.L.C.
        pooled vehicle sponsory
      • Berkshire Multifamily Value Plus Fund IV Gp, L.L.C
        pooled vehicle sponsory
      • Berkshire Seaport, Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Senior Housing Fund I Gp, L.L.C.
        pooled vehicle sponsory
      • Berkshire Value Fund V Gp, L.L.C.
        pooled vehicle sponsory
      • Bg-Qr Gp LLC
        pooled vehicle sponsory
      • Bhf Multifamily Partners Gp, LLC
        pooled vehicle sponsory
      • Bir Gp, L.L.C.
        pooled vehicle sponsory
      • Bmd-II Investor, L.L.C.
        pooled vehicle sponsory
      • Bt Multifamily Partners Gp, LLC
        pooled vehicle sponsory
      • Mf1 Reit II, L.L.C
        pooled vehicle sponsory
      • Pbone Gp L.L.C.
        pooled vehicle sponsory
      Advisers that list Berkshire Property Advisors, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Larkspur, CA3 employees
      • Alpharetta, GA2 employees
      • Dallas, TX2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 9 to 8
        Mar 27, 2025 to Mar 30, 2026
      • Advisory employees · 73 to 75
        Mar 27, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 9 to 8
        Mar 27, 2025 to Mar 30, 2026
      • Assets in custody · $13B to $16B
        Mar 27, 2025 to Mar 30, 2026
      • Employees · 194 to 226
        Mar 27, 2025 to Mar 30, 2026
      • Private funds · 5 to 4
        Mar 27, 2025 to Mar 30, 2026
      • Discretionary RAUM · $15B to $19B
        Mar 27, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $15B to $19B
        Mar 27, 2025 to Mar 30, 2026
      • RAUM · $15B to $19B
        Mar 27, 2025 to Mar 30, 2026
      • Accounts · 10 to 9
        Mar 27, 2024 to Mar 27, 2025
      • Advisory employees · 58 to 73
        Mar 27, 2024 to Mar 27, 2025
      • Pooled vehicle clients · 10 to 9
        Mar 27, 2024 to Mar 27, 2025
      • Assets in custody · $11B to $13B
        Mar 27, 2024 to Mar 27, 2025
      • Employees · 175 to 194
        Mar 27, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 27, 2025
      • Other offices · 3 to 2
        Mar 27, 2024 to Mar 27, 2025
      • Private funds · 6 to 5
        Mar 27, 2024 to Mar 27, 2025
      • Discretionary RAUM · $13B to $15B
        Mar 27, 2024 to Mar 27, 2025
      • Non-discretionary RAUM · $1.1M to $0
        Mar 27, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $13B to $15B
        Mar 27, 2024 to Mar 27, 2025
      • RAUM · $13B to $15B
        Mar 27, 2024 to Mar 27, 2025
      • Accounts · 27 to 10
        Mar 31, 2023 to Mar 27, 2024
      • Advisory employees · 52 to 58
        Mar 31, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 27 to 10
        Mar 31, 2023 to Mar 27, 2024
      • Assets in custody · $8.8B to $11B
        Mar 31, 2023 to Mar 27, 2024
      • Employees · 167 to 175
        Mar 31, 2023 to Mar 27, 2024
      • Private funds · 7 to 6
        Mar 31, 2023 to Mar 27, 2024
      • Discretionary RAUM · $16B to $13B
        Mar 31, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $6.7B to $1.1M
        Mar 31, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $23B to $13B
        Mar 31, 2023 to Mar 27, 2024
      • RAUM · $23B to $13B
        Mar 31, 2023 to Mar 27, 2024
      • Accounts · 22 to 27
        Nov 4, 2022 to Mar 31, 2023
      • Advisory employees · 43 to 52
        Nov 4, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 22 to 27
        Nov 4, 2022 to Mar 31, 2023
      • Assets in custody · $9.1B to $8.8B
        Nov 4, 2022 to Mar 31, 2023
      • Employees · 135 to 167
        Nov 4, 2022 to Mar 31, 2023
      • Private funds · 6 to 7
        Nov 4, 2022 to Mar 31, 2023
      • Discretionary RAUM · $15B to $16B
        Nov 4, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $6.2B to $6.7B
        Nov 4, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $21B to $23B
        Nov 4, 2022 to Mar 31, 2023
      Signals
      14 dated events
      • Berkshire Property Advisors, Llc reported RAUM $12.8B, down 45% from $23.0B (2023-03-31 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Nmn Ravi Ragnauth (Managing Director Chief Financial Officer) appeared on Schedule A of Berkshire Property Advisors, Llc
        Mar 31, 2023 · Control person joined · fact
      • Mark Christopher Nichols (Managing Director, Chief Financial Officer, Corporate) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2022-11-04, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Edward David Doherty (Managing Director, Chief Financial Officer, Investment Management) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2022-11-04, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Berkshire Property Advisors, Llc reported RAUM $21.3B, up 57% from $13.5B (2021-12-21 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Jonathan Frey (Managing Director, Chief Operating Officer) appeared on Schedule A of Berkshire Property Advisors, Llc
        Mar 31, 2022 · Control person joined · fact
      • Dave Doherty (Managing Director, Chief Financial Officer, Investment Management) appeared on Schedule A of Berkshire Property Advisors, Llc
        Mar 31, 2022 · Control person joined · fact
      • Preston Alan King (Managing Director, Co-Head Of Operations) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2021-12-21, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Berkshire Property Advisors, Llc reported RAUM $13.5B, up 35% from $10.0B (2020-03-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Bertrand Charles Leitner Iii (Chief Executive Officer) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2019-03-29, absent 2019-10-16)
        Oct 16, 2019 · Control person left · inference
      • Frederick Joseph Azrack (Director) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2019-01-03, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Ronald C. Blankenship (Director, Chairman) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2019-01-03, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Robin Jeanne Myerson (Director) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2019-01-03, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Douglas Lawrence Ellman (Managing Director, Head Of Venture Invsestments) no longer on Schedule A of Berkshire Property Advisors, Llc (listed 2019-01-03, absent 2019-03-29)
        Mar 29, 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/berkshireresidentialinvestmentsreportedpublic record, Form ADV, Sep 18, 2026
      Website
      berkshireresidentialinvestments.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-646-2300reportedpublic record, Form ADV, Mar 30, 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

      Berkshire Property Advisors, LLC 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.

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