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Adviser Profile

As of Date 05/02/2024
Adviser Type - Large advisory firm
Number of Employees 24 20.00%
of those in investment advisory functions 20 17.65%
Registration SEC, Approved, 4/22/2014
Other registrations (1)
AUM* 2,082,555,828 1.06%
of that, discretionary 2,082,555,828 1.06%
Private Fund GAV* 2,082,555,828 1.06%
Avg Account Size 189,323,257 1.06%
SMA’s No
Private Funds 11
Contact Info 312 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 883M 589M 294M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeReal Estate Fund Count11 GAV$2,082,555,828

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Brochure Summary

Overview

A. The Adviser is an opportunistic real estate investment firm located in Chicago, Illinois that was formed in 2011 by Mr. Seth Singerman, the founder and managing principal of the Adviser (the “Managing Principal”). The Managing Principal is the sole equity owner of the Adviser through direct and indirect interests. B. The Adviser provides investment advisory services on a discretionary basis to private equity collective investment vehicles (together with their respective parallel funds and special purpose or alternative investment vehicles, the “Funds”). Typically, each Fund includes a special purpose general partner, managing member or similar entity which is an affiliate of the Adviser (each, a “General Partner”). The Funds were organized to acquire a diversified set of real estate assets, including direct property investments, real estate loans, operating companies and publicly traded securities with a focus on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes including office, retail, hotel, industrial, multifamily and life sciences, in addition to secondary real estate asset classes including student housing and senior housing.
The Adviser will source and evaluate investment opportunities; formulate the Funds’ investment plans to unlock embedded value; structure, negotiate and direct the equity and debt financing thereof; monitor and manage the Funds’ portfolio investments; strategize and execute exit opportunities; and generally oversee the Funds’ assets in accordance with the terms of the private placement memorandum, limited partnership agreement or other governing documents applicable to each Fund (the “Governing Documents”). C. While each of the Funds generally follows the general strategy stated above, the Adviser may tailor the specific advisory services and the investment strategy of each Fund as set forth in such Fund’s Governing Documents. Investment advice and management is provided directly to the Funds and not individually to the limited partners or investors in the Funds (the “Investors”). Investors may not restrict investments by the Funds in any capacity. D. The Adviser does not participate in wrap fee programs. E. As of March 29, 2024, the Adviser managed approximately $2.08 billion in discretionary portfolios. The Adviser does not currently manage assets on a non-discretionary basis.