Overview
In general, the Company engages in the business of providing investment advisory services relating to
the acquisition, management and disposition of real estate and real estate related investments, which
advisory services include: (i) rendering advice with respect to direct and indirect investments in real
estate and real estate related assets; (ii) providing advice regarding the financing and structure of real
estate investments; (iii) rendering advice regarding debt refinancing and/or restructuring in connection
with real estate investments; (iv) providing investment management decisions with respect to the
formation and management of real estate investment trusts; (v) advising clients regarding purchase
and/or sale of mortgages, including ongoing evaluation of investments in and obligations relating to
those mortgages; and (vi) providing cash management services with respect to clients’ investments,
including, but not limited to, investments in bank certificates of deposits, investment grade
commercial paper, and U.S. Treasury securities. In addition, the Company, from time to time,
participates in, either on a principal or agency basis, the formation and sale through private placements
or public offerings of interests in limited partnerships or other entities formed for the
primary purpose
of acquiring real estate related investments. To the extent the Company acts as a principal in
connection with such transactions, no interest in any such entity would be sold to a client without
disclosing to such client in writing before the completion of any such transaction the capacity in which
the Company is acting and obtaining the client’s consent to such transaction.
The Company has full discretionary authority with respect to investment decisions, and its advice with
respect to the Funds is tailored according to the investment objectives, guidelines, and requirements
as set forth in each Fund’s respective offering memoranda and advisory agreement. A mandate of each
Fund is to invest primarily in real estate and real estate-related investments.
The Company has been in business since 1986 and has been registered with the SEC as an investment
adviser since 1994. The Company is primarily owned by DRA Holdings LLC. DRA Advisors, Inc.
owns approximately 65.4% of DRA Holdings, LLC. David Luski is a principal owner of DRA
Advisors, Inc. As of December 31, 2023, the Company advised approximately $15,533,717,438
in regulatory assets under management (“RAUM”) on a discretionary basis for 22 private pooled
investment vehicles.