Dune Real Estate Partners LP (New York)

Name: Dune Real Estate Partners LP
Address: 640 Fifth Avenue, New York, NY, 10019
Telephone: 212-301-8337

Dune Real Estate Partners LP is a large advisory firm based in New York. It manages $2.57 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and New York.

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

Dune Real Estate Partners: assets under management

The assets under management (AUM) of Dune Real Estate Partners LP is $2.57 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 89% since the beginning of its operation, and $93.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.54 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dune Real Estate 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 Dune Real Estate Partners serves?

The only and largest group of clients of Dune Real Estate Partners is pooled investment vehicles with 18 clients and $2.57 billion of assets under management. Among the 9 most similar advisory firms, Dune Real Estate Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.57 billion for 18 clients. 6% of the firm’s clients are foreign persons or businesses.

Dune Real Estate Partners also advises several private funds. Namely, fifteen real estate funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Dune Real Estate Partners LP

The company employs 30 people that are either part- or full-time employees. 80 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.

Russell Lewis Gimelstob joined the executive team most recently as the Executive Vice President, Head Of Acquisitions & Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dune Real Estate Manager Llc	General partner	1 Jul 2009	Other	xxx-xx-xxxx
Jsm Investments Llc	Limited partner	1 Jul 2009	75% - 100%	20-1858951
Daniel Miller Neidich	Chief executive officer	1 Jan 2010	Other	1332353
Gregory Z Rush	Executive vice president & managing director	1 Jan 2010	Other	2929568
Darren Michael Berk	Chief financial officer	1 Jan 2010	Other	5911900
Cia Connelly Buckley Marakovits	Executive vice president, chief investment officer & managing director	1 Jan 2010	Other	2332302
Darren M Berk	Chief financial officer	1 Jan 2010	Other	5911900
David Lev Oliner	Executive vice president & managing director	1 Jan 2010	Other	2477999
Cia Connelly Buckley	Executive vice president, chief investment officer & managing director	1 Jan 2010	Other	2332302
Michael David Sherman	General counsel & chief compliance officer	1 Feb 2010	Other	5911901
David Lev Oliner	Executive vice president	1 Feb 2011	Other	2477999
Gregory Z Rush	Executive vice president	1 Feb 2011	Other	2929568
Cia Connelly Buckley	Executive vice president & chief investment officer	1 Feb 2011	Other	2332302
Russell Lewis Gimelstob	Executive vice president & managing director	1 Mar 2012	Other	4568832
Jonah Alexander Sonnenborn	Managing director	1 Mar 2012	Other	3084813
Tls Investments Llc	Limited partner	1 Jan 2013	Other	xxx-xx-xxxx
Julie Ann Brenton	Managing director & head of investor relations	1 Mar 2014	Other	2649330
Nitin Preetam Karnani	Executive vice president & managing director	1 Aug 2015	Other	6539402
Julie Ann Brenton	Executive vice president, head of investor relations & managing director	1 Jan 2016	Other	2649330
Joseph Eric Calder	Executive vice president & managing director	1 Jan 2016	Other	5375130
Russell Lewis Gimelstob	Executive vice president, head of acquisitions & managing director	1 Aug 2017	Other	4568832
Rlg Investments Llc	Limited partner	1 Aug 2017	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Miller Neidich	Sole member	1 Oct 2004	75% - 100%	1332353
Cia Connelly Buckley Marakovits	Member/manager	1 Jan 2013	75% - 100%	2332302
Cia Connelly Buckley	Member/manager	1 Jan 2013	75% - 100%	2332302

Based in New York

The principal office where Dune Real Estate Partners LP performs its advisory services is located at 640 Fifth Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Beverly Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-301-8337 or by fax 212-301-8357. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at drep.com.