The Milestone Real Estate Group, LP (Dallas)


The Milestone Real Estate Group, LP is a large advisory firm based in Dallas. It manages $429.21 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012.

The Milestone Real Estate Group 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.

The Milestone Real Estate Group: assets under management

The assets under management (AUM) of The Milestone Real Estate Group, LP is $429.21 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $429.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $214.61 million each.
The Milestone Real Estate Group has custody of $429.21 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Milestone Real Estate Group, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Milestone Real Estate Group serves?

The only and largest group of clients of The Milestone Real Estate Group is pooled investment vehicles with 2 clients and $429.21 million of assets under management. Among the 6 most similar advisory firms, The Milestone Real Estate Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $429.21 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

The Milestone Real Estate Group also advises several private funds. Namely, two real estate funds.

Careers at The Milestone Real Estate Group, LP

The company employs 14 people that are either part- or full-time employees. 36 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
Jeffrey Lee Goldberg Managing partner 1 Aug 2003 25% - 50% 1991146
Llc The Milestone Group General partner 1 Aug 2003 Other 77-0624453
Robert Paul Landin Managing partner 1 Aug 2004 25% - 50% 6047002
Robert Landin Managing partner 1 Aug 2004 25% - 50% 6047002
Steven Thomas Lamberti Chief operating officer 1 Mar 2005 Other 6047007
Steve L Lamberti Chief operating officer 1 Mar 2005 Other 6047007
Christopher Phillips Chief financial officer, chief compliance officer 1 May 2006 Other 6047011
Christopher Alan Phillips Chief financial officer, chief compliance officer 1 May 2006 Other 6047011
Michael Henry Krupa Managing director 1 Mar 2009 Other 2013144
Ryan Newberry Chief compliance officer 1 Oct 2013 Other 6263992
Lp Landin Family Partnership Partner 1 Jan 2014 25% - 50% 47-1559163
John Richard Ascenzo Chief compliance officer 1 Sep 2015 Other 6629970

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lp The Milestone Real Estate Group Managing member 1 Apr 2006 Other 161957
Mmi Gp Llc General partner 1 Apr 2006 Other 74-3174309
Lp The Milestone Real Estate Group Managing member 1 Dec 2006 Other 161957

Based in Dallas

The principal office where The Milestone Real Estate Group, LP performs its advisory services is located at 8333 Douglas Avenue, Dallas, TX 75225, 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 214-442-8150 or by fax 214-442-8199. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at milestonegp.com.