Paramount Group Real Estate Advisor LLC is a large advisory firm based in New York. It manages $1.27 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012.
Paramount Group Real Estate Advisor 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 assets under management (AUM) of Paramount Group Real Estate Advisor LLC is $1.27 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -80% since the beginning of its operation, and $5.64 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Paramount Group Real Estate Advisor 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.
The only and largest group of clients of Paramount Group Real Estate Advisor is pooled investment vehicles with 7 clients and $1.27 billion of assets under management. Among the 8 most similar advisory firms, Paramount Group Real Estate Advisor has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.27 billion for 7 clients. 14% of the firm’s clients are foreign persons or businesses.
Paramount Group Real Estate Advisor also advises several private funds. Namely, seven real estate funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $10,000,000.
The company employs 96 people that are either part- or full-time employees. 29 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.
Llc Paramount Group Management Gp joined the executive team most recently as the Sole And Managing Member Of Registrant; General Partner Of Relying Adviser.
The principal office where Paramount Group Real Estate Advisor LLC performs its advisory services is located at 1633 Broadway, New York, NY 10019 6708, 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 212-237-3100 or by fax 212-237-3197. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at paramount-group.com/index-home.shtml.