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| PREP Investment Advisers LLC
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|---|---|
| CRD # | 296631 |
| SEC # | 801-126231 |
| CIK # | |
| AUM | 1,911.3 M (2026-03-31) |
| Employees | 34 (100% Investors, 3% Brokers) |
| Phone | 312-499-1952 |
| Address | 200 West Madison Street 2800 Chicago, IL 60606-3417 |
| Source | [IAPD] [Website] [LinkedIn] |
| Total AUM ($M) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| RE | Pearlmark Realty Senior Mortgage Partners I LP | [2026-03-31] | 450.2 M | |
| Offered $1,500,000,000 · Filed 2025-12-17 (D) · Exemption 506(c), 3(c), 3(c)(5), 3(c)(7) · Remaining $1,500,000,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| RE | Pearlmark Mezzanine Realty Partners VI LP | 2025-03-28 | 389.0 M | |
| RE | Pearlmark Equity Partners II LP | 2023-04-21 | 527.6 M | |
| RE | Pearlmark Mezzanine Realty Partners V LP | [2021-03-16] | 137.1 M | 184.3 M |
| Offered $480,000,000 · Filed 2021-12-10 (D/A) · Exemption 506(c), 3(c), 3(c)(5), 3(c)(7) · Remaining $342,905,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| RE | Pearlmark Mezzanine Realty Partners IV LP | [2017-07-18] | 76.0 M | |
| Offered $500,000,000 · Filed 2017-06-20 (D/A) · Exemption 506(c) · Remaining $423,975,000 · Duration More than one year · Commission $1,350,000 · Revenue Decline to Disclose | ||||
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 5 | 1,911.3 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 5 | 1,911.3 |
| By Discretionary | ||
| Discretionary | 5 | 1,911.3 |
| Non-Discretionary | 0 | 0.0 |
| Total | 5 | 1,911.3 |
| By Non-United States Persons | ||
| Non-United States Persons | 838.8 | |
| United States Persons | 1,072.5 | |
| Total | 5 | 1,911.3 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Jonathan Cohen | Promoter | 59 | 9 | |
| Douglas Lyons | Executive Officer | 21 | 2 | |
| Stephen Quazzo | Executive Officer, Promoter | 19 | 2 | |
| Michael Quinn | Promoter | 15 | 2 | |
| None Parlmark Mezzanine Realty Partners GP IV LLC | Promoter | 1 | 1 | |
| None Pearlmark Mezzanine Realty Partners GP IV LLC | Executive Officer | 1 | 1 | |
| None Pearlmark Real Estate LLC | Promoter | 1 | 1 |
| Firm Profile (Form ADV) | |
|---|---|
| Serves | Institutional |
| Fund Types | Real Estate |
| Comparable Firms | State | AUM |
|---|---|---|
|
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|
Laramar Multi-Family Value Manager LLC
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IL | 1,914.8 M |
|
Kildare Partners US LLC
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TX | 1,912.0 M |
|
Blue Vista Capital LLC
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|
IL | 1,889.5 M |
|
Griffis Residential Investment Advisor
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