Whi Real Estate Partners L.P. (Chicago)

Name: Whi Real Estate Partners L.P.
Address: 353 North Clark St., Chicago, IL, 60654
Telephone: 312-604-7910

Whi Real Estate Partners L.P. is a large advisory firm based in Chicago. It manages $872.47 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Illinois.

Whi Real Estate Partners provides portfolio management for pooled investment vehicles and real estate investment management services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Whi Real Estate Partners: assets under management

The assets under management (AUM) of Whi Real Estate Partners L.P. is $872.47 million. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $844.04 million in discretionary accounts and $28.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.65 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.44 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whi Real Estate Partners 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 Whi Real Estate Partners serves?

The only and largest group of clients of Whi Real Estate Partners is pooled investment vehicles with 18 clients and $872.47 million of assets under management. Among the 10 most similar advisory firms, Whi Real Estate Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $872.47 million for 18 clients. None of the firm’s clients are foreign persons or businesses.

Whi Real Estate Partners also advises several private funds. Namely, sixteen real estate funds. The minimum investment commitment required of non-related persons ranges from $20,000 to $5,000,000.

Careers at Whi Real Estate Partners L.P.

The company employs 15 people that are either part- or full-time employees. 87 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
Whirep Holdings Llc	General partner	1 Nov 2015	Other	47-5613884
David Eric Rosenbaum	Managing principal; limited partner	1 Jan 2016	25% - 50%	2175494
James Allen Orth	Managing principal; limited partner	1 Jan 2016	25% - 50%	6592279
Brad William Beelaert	Principal; limited partner	1 Jan 2016	Other	6592276
Bradley Johnsen Hannah	Principal, chief compliance officer; limited partner	1 Jan 2016	Other	6592278
Landrock Capital Llc	Limited partner	1 Jan 2016	Other	20-8631773

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Eric Rosenbaum	Trustee	1 May 2000	75% - 100%	2175494
David Eric Rosenbaum Revocable Living Trust	Manager and member	1 Feb 2007	75% - 100%	xxx-xx-xxxx
David Eric Rosenbaum	Member	1 Nov 2015	25% - 50%	2175494
James Allen Orth	Member	1 Nov 2015	25% - 50%	6592279

Based in Chicago

The principal office where Whi Real Estate Partners L.P. performs its advisory services is located at 353 North Clark St., Chicago, IL 60654, 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 312-604-7910 or by fax 312-621-0984. 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 whirep.com and its LinkedIn profile.