Longpoint Realty Partners, LP (Boston)

Name: Longpoint Realty Partners, LP
Address: 116 Huntington Ave.,, Boston, MA, 02116
Telephone: 617.861.9760

Longpoint Realty Partners, LP is a large advisory firm based in Boston. It manages $603.53 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2016.

Longpoint Realty Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Longpoint Realty Partners: assets under management

The assets under management (AUM) of Longpoint Realty Partners, LP is $603.53 million. The firm's AUM has grown by 151% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $435.05 million in discretionary accounts and $168.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $435.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $168.47 million.

Longpoint Realty Partners has custody of $168.47 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Longpoint Realty Partners, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Longpoint Realty Partners serves?

The only and largest group of clients of Longpoint Realty Partners is pooled investment vehicles with 1 clients and $435.05 million of assets under management. Among the 12 most similar advisory firms, Longpoint Realty Partners has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $435.05 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Longpoint Realty Partners also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $2,500,000 for each fund.

Careers at Longpoint Realty Partners, LP

The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lrp Gp Llc	General partner	1 Jul 2015	Other	47-4451744
Dwight Vonyves Angelini	Founding and managing partner	1 Jul 2015	25% - 50%	3209407
Reid Tucker Parker	Founding partner, cco	1 Jul 2015	Other	6647030
Nilesh Kumar Bubna	Founding partner, cfo	1 Jul 2015	Other	6647031
Robert Alexander Provost	Founding partner	1 Jul 2015	Other	1547232

Based in Boston

The principal office where Longpoint Realty Partners, LP performs its advisory services is located at 116 Huntington Ave.,, Boston, MA 02116, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617.861.9760. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at longpoint.com.