Berkshire Property Advisors, Llc
- Regulatory AUM
- $19.2B
- Discretionary
- $19.2B
- Clients
- 8
- Avg AUM / client
- $2.4B
- Accounts
- 8
- Employees
- 226
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $19.2B | 100.0% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Berkshire Multifamily Debt Fund Iii Investor, L.P. master | Real Estate Fund | Delaware | $2.0B | 85 |
| Berkshire Multifamily Debt Fund Ii, L.P. | Real Estate Fund | Delaware | $740M | 66 |
| Mf1 Nm Investor, Llc | Real Estate Fund | Delaware | $38.2M | 4 |
| Bt Multifamily Partners, Lp | Real Estate Fund | Delaware | $30.4M | 1 |
| Berkshire Ff Multifamily Co Investment Fund, L.P. | Real Estate Fund | Delaware | $0 | 2 |
| Berkshire Multifamily Usa Property Partners, L.P. | Real Estate Fund | Delaware | $0 | 5 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bloom, Mary, Elizabeth | Managing Director, General Counsel, Chief Risk Officer | Jul 2002 (24y) | Less than 5% | |
| Krupp, Douglas, Stephen | Shareholder | Dec 2004 (22y) | ≈ 0% – 3.75% via Bpa Manager, Inc. | |
| Krupp, George, David | Shareholder | Dec 2004 (22y) | ≈ 0% – 3.75% via Bpa Manager, Inc. | |
| Olney, David, John | Chief Executive Officer | Oct 2019 (7y) | Less than 5% | |
| Frey, Jonathan, Tobias | Partner, Chief Operating Officer | Mar 2022 (4y) | Less than 5% | |
| Ragnauth, Ravi, Nmn | Partner, Chief Financial Officer | Jan 2023 (4y) | Less than 5% | |
| Morandi, Jeffrey, Scott | Managing Director, Chief Compliance Officer | Dec 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Berkshire Group, L.L.C. | Member | Mar 2010 | A | 75% or more |
| Bpa Manager, Inc. | Non Member Manager | Dec 2004 | A | Less than 5% |
| Berkshire Group, L.P. | Member | Aug 2014 | B | ≈ 56.25% – 100% via Berkshire Group, L.L.C. |
| Kgp 1 Incorporated | General Partner | Aug 2014 | B | GP / trustee / elected manager of Berkshire Group, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Krupp, Douglas, Stephen: 50% – 75% of Bpa Manager, Inc. × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Krupp, George, David: 50% – 75% of Bpa Manager, Inc. × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Berkshire Group, L.P.: 75% – 100% of Berkshire Group, L.L.C. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $2.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Berkshire Multifamily Debt Fund Iii Investor, L.P. | Real Estate Fund | $2.0B | $25.0K | 85 |
| Berkshire Multifamily Debt Fund Ii, L.P. | Real Estate Fund | $740M | $25.0K | 66 |
| Mf1 Nm Investor, Llc | Real Estate Fund | $38.2M | $4.4M | 4 |
| Bt Multifamily Partners, Lp | Real Estate Fund | $30.4M | $0 | 1 |
| Berkshire Ff Multifamily Co Investment Fund, L.P. | Real Estate Fund | $0 | $0 | 2 |
| Berkshire Multifamily Usa Property Partners, L.P. | Real Estate Fund | $0 | $0 | 5 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.79 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • COMMITMENTS/CONTRIBUTIONS
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- J.P. Morgan $7.9M (0% of AUM) Oct 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗