Paramount Group Real Estate Advisor LLC (New York)

Name: Paramount Group Real Estate Advisor LLC
Address: 1633 Broadway, New York, NY, 10019 6708
Telephone: 212-237-3100

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.

Paramount Group Real Estate Advisor: assets under management

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 firm manages $1.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $182.03 million each.

Paramount Group Real Estate Advisor has custody of $1.27 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 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.

What kind of clients Paramount Group Real Estate Advisor serves?

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.

Careers at Paramount Group Real Estate Advisor LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paramount Group Funds Holding Llc	Sole and managing member	1 Feb 2012	75% - 100%	45-3806256
Gage Randolph Johnson	Chief legal officer, vice president, and chief compliance officer	1 Feb 2012	Other	4342604
Albert Behler	Chief executive officer	1 Feb 2012	Other	6027792
David Spence	Vice president	1 Feb 2012	Other	6027542
Gage Randolph Johnson	Chief legal officer, vice president, and chief compliance officer of the registrant; vp and sec'y of the gp of relying adviser	1 Dec 2014	Other	4342604
Paramount Group Operating Partnership Lp	Limited partner of paramount group real estate advisor ii, lp (relying adviser)	1 Dec 2014	75% - 100%	73-1765091
Michael Walsh	Chief financial officer, executive vice president	1 Mar 2015	Other	6471195
Wilbur Paes	Cfo, vice president and treasurer of registrant; vp and treasurer of gp of relying adviser	1 Mar 2016	Other	6626191
Llc Paramount Group Management Gp	Sole and managing member of registrant; general partner of relying adviser	1 Apr 2016	75% - 100%	47-1880208

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alexander Otto	Shareholder	1 Jan 2000	50% - 75%	6026923
Inga Maren Otto	Shareholder	1 Sep 2001	25% - 50%	6026926
Katharina Otto Bernstein	Shareholder	1 Sep 2001	25% - 50%	6026928
Inc. Paramount Group	Sole member and manager	1 Jan 2012	75% - 100%	36-2997101
Inc. Paramount Group	General partner	1 Aug 2014	75% - 100%	32-0439307
Paramount Group Operating Partnership Lp	Sole owner and manager	1 Sep 2014	75% - 100%	73-1765091
Llc Paramount Group Management Gp	Sole owner and manager	1 Dec 2014	75% - 100%	47-1880208

Based in New York

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.