BREAKTHROUGH PROPERTIES
BREAKTHROUGH SERVICES, L.L.C. Legal Name
Adviser information for BREAKTHROUGH PROPERTIES last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 76 |
|---|---|
| Investment Advisory/Research | 19 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 11 | $2.6B |
| Non-Discretionary | 0 | $0 |
| Total | 11 | $2.6B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 11 | $2.6B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
Services
| Advisory Services | Portfolio management for pooled investment vehicles |
|---|---|
| Compensation | % of AUMPerformance-based feesPROPERTY MGT, LEASING, AND DEVELOPMENT FEES |
Identifiers
| SEC RIA File Number | 801-119412 |
|---|---|
| SEC ERA File Number | 801-119412 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 309668 |
| Legal Entity Identifier | None |
Principal Office
10100 SANTA MONICA BLVDFLOOR 15
LOS ANGELES
CA
United States
Monday - Friday, 9:00AM TO 5:00PM
Tel: 213-715-3558, Fax: None
Chief Compliance Officer
JENNIFER WARNE
SENIOR VICE PRESIDENT, LEGAL
300 PARK AVENUE
SUITE 1602
NEW YORK
NY
United States
Tel:
425-351-7857
J*****@*********M
(Full email address available in API data)
Regulatory Contact
ALISON CULLEN
SENIOR DIRECTOR, DEPUTY CHIEF COMPLIANCE OFFICER
300 PARK AVENUE
SUITE 1602
NEW YORK
NY
United States
Tel:
631-813-5476
A******@*********M
(Full email address available in API data)
Industry Affiliates
| BREAKTHROUGH PROPERTIES ALLSTON, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| BREAKTHROUGH PROPERTIES EMPLOYEE GP, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| BREAKTHROUGH PROPERTIES EMPLOYEE GP, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| BREAKTHROUGH PROPERTIES GROWTH PORTFOLIO I ASSOCIATES, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| BREAKTHROUGH PROPERTIES INCOME PORTFOLIO ASSOCIATES, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| BREAKTHROUGH TRINITY GP, L.L.C. | Sponsor, GP, manager of pooled investment vehicles |
| INWOOD INSURANCE COMPANY, INC. | Insurance company or agency |
| TISHMAN SPEYER PROPERTIES, L.P. | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| ALLSTON CO-INVESTMENT FEEDER VEHICLE, L.P. | Real Estate Fund | $87.2M | $0.0M | 11 |
| BREAKTHROUGH PROPERTIES EMPLOYEE FEEDER FUND I, L.P. | Real Estate Fund | $0.0M | $0.1M | 23 |
| BREAKTHROUGH PROPERTIES GROWTH PORTFOLIO I, L.P. | Real Estate Fund | $1,955.1M | $25.0M | 96 |
| BREAKTHROUGH PROPERTIES INCOME PORTFOLIO, L.P. | Real Estate Fund | $361.5M | $25.0M | 96 |
| D3C1 ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $10.2M | $0.0M | 55 |
| DQP ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $22.1M | $0.0M | 30 |
| HAREL ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $49.5M | $0.0M | 1 |
| JIAMING ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $19.8M | $0.0M | 1 |
| LSCI ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $19.6M | $0.0M | 1 |
| MAPLE LEAF TRINITY CO-INVESTMENT, L.P. | Real Estate Fund | $21.7M | $0.0M | 4 |
| TEA ALLSTON CO-INVESTMENT, L.P. | Real Estate Fund | $23.8M | $0.0M | 1 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| BELLCO BREAKTHROUGH OPERATOR LLC | Domestic Entity | – | MEMBER MANAGER | 02/2019 | 50-75% |
| TSP BREAKTHROUGH SERVICES, L.L.C. | Domestic Entity | – | MEMBER MANAGER | 03/2019 | 50-75% |
| BBPO OPERATOR HOLDINGS LLC | Domestic Entity | BELLCO BREAKTHROUGH OPERATOR LLC | MEMBER MANAGER | 06/2019 | > 75% |
| BELLCO BREAKTHROUGH OPERATOR HOLDINGS LLC | Domestic Entity | BBPO OPERATOR HOLDINGS LLC | MEMBER MANAGER | 06/2019 | 25-50% |
| SEAVIEW TRUST (D.C.) IRREVOCABLE | Domestic Entity | BBPO OPERATOR HOLDINGS LLC | TRUST | 06/1996 | 25-50% |
| TISHMAN SPEYER PROPERTIES, L.P. | Domestic Entity | TSP BREAKTHROUGH SERVICES, L.L.C. | MEMBER MANAGER | 07/1978 | > 75% |
| BELLCO BREAKTHROUGH HOLDINGS LLC | Domestic Entity | BELLCO BREAKTHROUGH OPERATOR LLC | MEMBER MANAGER | 10/2018 | > 75% |
| BELLCO REAL ESTATE LLC | Domestic Entity | BELLCO BREAKTHROUGH HOLDINGS LLC | MEMBER MANAGER | 10/2018 | > 75% |
| BELLCO CAPITAL LLC | Domestic Entity | BELLCO REAL ESTATE LLC | MEMBER MANAGER | 01/2004 | > 75% |
| TISHMAN SPEYER PROPERTIES, INC. | Domestic Entity | TISHMAN SPEYER PROPERTIES, L.P. | GENERAL PARTNER | 03/1985 | 50-75% |
| SPEYER LIMITED PARTNER CO., INC. | Domestic Entity | TISHMAN SPEYER PROPERTIES, L.P. | LIMITED PARTNER | 01/2001 | 25-50% |
| SPEYER, JERRY, IRVING | Individual | TISHMAN SPEYER PROPERTIES, INC. | CHAIRMAN | 06/2008 | 25-50% |
| SPEYER, ROBERT, JEFFREY | Individual | SPEYER LIMITED PARTNER CO., INC. | PRESIDENT, CHIEF EXECUTIVE OFFICER | 01/2001 | > 75% |
| KAZAM, JOSHUA, AVROM | Individual | SEAVIEW TRUST (D.C.) IRREVOCABLE | TRUSTEE | 11/2017 | |
| BELLDEGRUN FAMILY TRUST | Domestic Entity | BELLCO CAPITAL LLC | TRUST | 02/1994 | > 75% |
| BELLDEGRUN, ARIE | Individual | BELLDEGRUN FAMILY TRUST | TRUSTEE | 02/1994 | |
| BELLDEGRUN, REBECKA | Individual | BELLDEGRUN FAMILY TRUST | TRUSTEE | 02/1994 | |
| BELLDEGRUN, DANIEL | Individual | – | CHIEF EXECUTIVE OFFICER | 04/2019 | < 5% |
| CHAO, LESLEY, SU-LU | Individual | – | CHIEF FINANCIAL OFFICER | 07/2020 | < 5% |
| Ackerman, Hanna | Individual | SEAVIEW TRUST (D.C.) IRREVOCABLE | TRUSTTEE | 06/1996 | |
| D'ORAZI, DANIEL, WILLIAM | Individual | – | CHIEF INVESTMENT OFFICER AND EXECUTIVE VICE PRESIDENT | 12/2021 | < 5% |
| BELLCO REALTY WORLDWIDE LLC | Domestic Entity | BBPO OPERATOR HOLDINGS LLC | MEMBER | 09/2021 | 25-50% |
| BELLCO LEGACY TRUST | Domestic Entity | BELLCO REALTY WORLDWIDE LLC | MEMBER | 04/2020 | 50-75% |
| BELLCO LEGACY II TRUST | Domestic Entity | BELLCO LEGACY TRUST | BELLCO REALTY WORLDWIDE LLC | 04/2020 | 50-75% |
| HARBORTH, SUSIE, GRUONG | Individual | – | CHIEF BUSINESS OFFICER | 01/2023 | < 5% |
| WARNE, JENNIFER, LEIGH | Individual | – | SENIOR VICE PRESIDENT, LEGAL AND CHIEF COMPLIANCE OFFICER | 01/2024 | < 5% |