Metropolitan Real Estate Equity Management, LLC (New York)

Name: Metropolitan Real Estate Equity Management, LLC
Address: 299 Park Avenue, New York, NY, 10171
Telephone: 646-735-4361

Metropolitan Real Estate Equity Management, LLC is a large advisory firm based in New York. It manages $2.65 billion of regulatory assets for 90 client accounts. It has been registered with the SEC as an adviser since 2005.

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

Metropolitan Real Estate Equity Management: assets under management

The assets under management (AUM) of Metropolitan Real Estate Equity Management, LLC is $2.65 billion. The firm's AUM has grown by 563% since the beginning of its operation, and $594.46 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.39 billion in discretionary accounts and $265.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $88.41 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Metropolitan Real Estate Equity Management, LLC 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 Metropolitan Real Estate Equity Management serves?

The only and largest group of clients of Metropolitan Real Estate Equity Management is pooled investment vehicles with 91 clients and $2.65 billion of assets under management. Among the 7 most similar advisory firms, Metropolitan Real Estate Equity Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.65 billion for 91 clients. 5% of the firm’s clients are foreign persons or businesses.

Metropolitan Real Estate Equity Management also advises several private funds. Namely, eighty nine real estate funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $100,000,000.

Careers at Metropolitan Real Estate Equity Management, LLC

The company employs 37 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Michael Sherman	President and co-chief investment officer	1 Jul 2002	Other	1161784
David G. Nasaw	Managing director	1 Jul 2002	25% - 50%	5066980
Thomas Robert Burke	Managing director	1 Jul 2002	25% - 50%	2583665
Felipe Dorregaray	Chief compliance officer and vice president of finance	1 Jul 2002	Other	2780672
Gina Rohrer White	Senior vice president	1 Jan 2004	Other	5069644
John E. Taylor	Senior vice president	1 Nov 2005	Other	5048172
Felipe Dorregaray	Senior vice president and chief compliance officer	1 Jan 2006	Other	2780672
Margaret Gipe Mcknight	Senior vice president	1 Mar 2006	Other	2633576
Felipe Dorregaray	Managing director, chief compliance officer, and chief financial officer	1 Jan 2007	Other	2780672
Jeremy H. Ford	Vice president	1 Jan 2007	Other	5308848
Bethanne C Flynn	Senior vice president	1 Aug 2007	Other	1563971
Robert Kendra Mann	Vice president	1 Mar 2008	Other	4650082
Andrew Cole Jacobs	Senior vice president	1 Nov 2008	Other	3199506
Margaret Gipe Mcknight	Managing director and co-chief investment officer	1 Jan 2009	Other	2633576
Michelle Lee Fang	Vice president	1 Oct 2009	Other	2609514
John E. Taylor	Managing director	1 Jan 2010	Other	5048172
Candida Funke Hoeberichts	Senior vice president	1 Aug 2010	Other	5905948
Andrew Cole Jacobs	Managing director	1 Jun 2011	Other	3199506
Jeremy H. Ford	Senior vice president	1 Jul 2011	Other	5308848
Bethanne C Flynn	Managing director	1 Mar 2012	Other	1563971
Jeremy H. Ford	Managing director	1 May 2012	Other	5308848
Douglas Brent Lee	Managing director	1 Oct 2012	Other	2388758
L.L.C. Tc Group	Member of metropolitan real estate equity management, llc	1 Nov 2013	75% - 100%	54-1686957
David Roger Lobe	Chief legal officer	1 Apr 2015	Other	5845142
Lauren Bennett Dillard	Managing director	1 Apr 2016	Other	6602808
Curtis Lyle Buser	Chief financial officer	1 Apr 2016	Other	5839856
Jason St. Clare Kerr	Chief legal officer and chief compliance officer	1 Mar 2018	Other	6772967
David Roger Lobe	Chief compliance officer	1 Nov 2018	Other	5845142
Elizabeth Brooke Muscarella	Chief compliance officer	1 Apr 2019	Other	7113918
Erica Kathleen Herberg	Chief financial officer	1 May 2019	Other	7120089
Geertruida Rudolfina Bagijn Van Overbeeke	Managing director	1 May 2019	Other	7120113

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carlyle Group Management L.L.C.	General partner of the carlyle group, l.p.	1 Jul 2011	Other	45-2831199
Carlyle Holdings I Gp Sub L.L.C.	General partner of carlyle holdings i l.p.	1 Nov 2011	75% - 100%	61-1675874
Carlyle Holdings I Gp Inc.	Member of carlyle holdings i gp sub l.l.c.	1 Nov 2011	75% - 100%	80-0784146
L.P. The Carlyle Group	Shareholder of carlyle holdings i gp inc.	1 Nov 2011	75% - 100%	45-2832612
Carlyle Holdings I L.P.	Member of tc group, l.l.c.	1 May 2012	75% - 100%	80-0784309

Based in New York

The principal office where Metropolitan Real Estate Equity Management, LLC performs its advisory services is located at 299 Park Avenue, New York, NY 10171, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-735-4361 or by fax 646-735-4232. The normal business hours are 9:00-17:00 on Monday - Friday. You can find more information about the New York firm at mreem.com/ and its LinkedIn profile.