Mack Real Estate Credit Strategies, L.P. (New York)

Name: Mack Real Estate Credit Strategies, L.P.
Address: 60 Columbus Circle, New York, NY, 10023
Telephone: 212-484-0050

Mack Real Estate Credit Strategies, L.P. is a large advisory firm based in New York. It manages $782.1 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015.

Mack Real Estate Credit Strategies 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.

Mack Real Estate Credit Strategies: assets under management

The assets under management (AUM) of Mack Real Estate Credit Strategies, L.P. is $782.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $782.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.53 million each.

Mack Real Estate Credit Strategies has custody of $4.66 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mack Real Estate Credit Strategies, L.P. 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 Mack Real Estate Credit Strategies serves?

The only and largest group of clients of Mack Real Estate Credit Strategies is pooled investment vehicles with 7 clients and $782.1 million of assets under management. Among the 12 most similar advisory firms, Mack Real Estate Credit Strategies has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $782.1 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Mack Real Estate Credit Strategies also advises several private funds. Namely, four real estate funds. The minimum investment commitment required of non-related persons ranges from $5,000,000 to $10,000,000.

Careers at Mack Real Estate Credit Strategies, L.P.

The company employs 51 people that are either part- or full-time employees. 39 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
Richard Jay Mack	Chief executive officer and member of management board of registrant	1 Apr 2013	Other	4783035
Llc Claros Advisors Holdings	Managing member of claros advisors, llc (spv)	1 Apr 2013	75% - 100%	46-4448486
Mreg Management Llc	Sole member of relying adviser (mfm)	1 Feb 2014	75% - 100%	46-3462111
Ronald T Sinacore	Cfo of holding company of relying adviser (mfm)	1 Feb 2014	Other	2909949
Richard Jay Mack	Ceo of holding company of relying adviser (mfm)	1 Feb 2014	Other	4783035
Robert Solon Feidelson	Coo of holding company of relying adviser (mfm)	1 Feb 2014	Other	1295196
Peter J. Sotoloff	Chief investment officer and member of management board of registrant	1 Oct 2014	Other	4242885
Richard Jay Mack	Chief executive officer and member of management board of registrant	1 Nov 2014	Other	4783035
Peter J. Sotoloff	Chief investment officer and member of management board of registrant	1 Nov 2014	Other	4242885
Mrecs Holdings Llc	Limited partner of registrant	1 Nov 2014	75% - 100%	47-2273434
Mrecs Gp Llc	General partner of registrant	1 Nov 2014	Other	47-4005344
Robert Solon Feidelson	Coo and member of management board of registrant	1 Nov 2014	Other	1295196
John Michael Mcgillis	Chief financial officer of registrant	1 Jan 2015	Other	5733193
Mrecs Holdings Llc	Limited partner of registrant	1 Apr 2015	75% - 100%	472273434
Mrecs Gp Llc	General partner of registrant and relying adviser	1 Apr 2015	Other	474005344
John Michael Mcgillis	Chief financial officer	1 Apr 2015	Other	5733193
Robert Solon Feidelson	Member of management board of registrant	1 Apr 2015	Other	1295196
Mrecs Holdings Llc	Limited partner of relying adviser (crm)	1 Aug 2015	50% - 75%	47-2273434
Llc Ars Vii Claros Manager Gp	General partner of relying adviser (crm)	1 Aug 2015	Other	47-4493746
Lp Ars Vii Claros Manager	Limited partner of relying adviser (crm)	1 Aug 2015	25% - 50%	47-4512077
Andrew Mark Silberstein	Member of board of representatives of relying adviser (crm)	1 Aug 2015	Other	2648640
Richard Jay Mack	Member of board of representatives of relying adviser (crm)	1 Aug 2015	Other	4783035
Peter J. Sotoloff	Member of board of representatives of relying advser (crm)	1 Aug 2015	Other	4242885
Mrecs Gp Llc	General partner of relying adviser (crm)	1 Aug 2015	Other	47-4005344
Jeffrey David Siegel	General counsel & chief compliance officer	1 Oct 2015	Other	6174437
Inc Pare Us Mreit Holding	Limited partner of relying adviser (crm)	1 Jul 2016	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 19 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Ping An Insurance (Group) Company Of China	Stockholder	1 Mar 1988	75% - 100%	foreign entity
Ltd. Ping An Real Estate Co.	Sole stockholder	1 Jan 1995	75% - 100%	foreign entity
Ltd. Ping An Life Insurance Company Of China	Stockholder	1 Dec 2002	25% - 50%	foreign entity
Ltd. Ping An Property & Casualty Insurance Company Of China	Stockholder	1 Dec 2002	25% - 50%	foreign entity
Robert Solon Feidelson	Member	1 Oct 2006	25% - 50%	1295196
Stephen Fredric Mack	Member	1 Oct 2006	25% - 50%	4746502
Richard Jay Mack	Member	1 Jun 2013	25% - 50%	4783035
Llc Solon Mack Partners	Member	1 Jun 2013	25% - 50%	20-5859997
Mack Real Estate Capital Group Llc (Dba Mack Real Estate Group)	Sole member	1 Jun 2013	75% - 100%	46-2796973
Llc Mack Mrecs Holdco	Member	1 Nov 2014	75% - 100%	46-2557090
Pjs Holding Llc	Member	1 Nov 2014	25% - 50%	xxx-xx-xxxx
Richard Jay Mack	Member	1 Apr 2015	25% - 50%	4783035
Llc Solon Mack Partners	Member	1 Apr 2015	25% - 50%	20-5859997
Llc Mack Mrecs Holdco	Member	1 Apr 2015	75% - 100%	462557090
Peter J. Sotoloff	Member	1 Apr 2015	25% - 50%	4242885
Llc Mack Mrecs Advisors Holdco	Managing member	1 Apr 2015	75% - 100%	47-4077804
Peter J. Sotoloff	Member	1 Jun 2015	75% - 100%	4242885
L.P. Almanac Realty Securities Vii	Member	1 Aug 2015	Other	47-1721750
Ltd. Shanghai Anyi Investment Management Co.	Sole stockholder	1 Nov 2015	75% - 100%	foreign entity

Based in New York

The principal office where Mack Real Estate Credit Strategies, L.P. performs its advisory services is located at 60 Columbus Circle, New York, NY 10023, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-484-0050 or by fax 212-484-0019. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mackregroup.com and its LinkedIn profile.