Divco West Real Estate Services, LLC (San Francisco)

Divco West Real Estate Services, LLC is a large advisory firm based in San Francisco. It manages $5.63 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, District of Columbia, Massachusetts, and New York.

Divco West Real Estate Services 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.

Divco West Real Estate Services: assets under management

The assets under management (AUM) of Divco West Real Estate Services, LLC is $5.63 billion. The firm's AUM has grown by 272% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.55 billion in discretionary accounts and $2.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $591.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $416.22 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Divco West Real Estate Services, LLC 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 Michael L Carp serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Michael L Carp is pooled investment vehicles with 11 clients and $5.63 billion of assets under management. Among the 8 most similar advisory firms, Divco West Real Estate Services has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.63 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Divco West Real Estate Services also advises several private funds. Namely, eleven real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Divco West Real Estate Services, LLC

The company employs 118 people that are either part- or full-time employees. 23 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.

Michael L Carp has been acting as President since 1 Apr 2012. Robert Gil Mashaal has served as the Chief Investment Officer since 1 Apr 2012 and Stuart Zachary Shiff is the Chief Executive Officer of Divco West Real Estate Services, LLC family office. Steven Alan Dietsch joined the executive team most recently as the Senior Managing Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in San Francisco

The principal office where Divco West Real Estate Services, LLC performs its advisory services is located at 575 Market Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Beverly Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-284-5700 or by fax 415-284-5817. The normal business hours are 8:30 am-5:30 pm on Monday - Friday. You can find more information about the New York firm at divcowest.com and its LinkedIn profile.