PREP INVESTMENT ADVISERS, L.L.C.
Real estate private fund disclosures for an investment manager based in CHICAGO, IL. Latest included filing submitted 2026-03-31.
What the filing shows
PREP INVESTMENT ADVISERS, L.L.C. reports 5 U.S.-organized real estate funds and 5 real estate funds across all reported jurisdictions. None are marked as fund-of-funds.
Positive minimum commitments reported across these funds range from $5.0 million. That figure is what a fund reports routinely requiring from outside fund investors. It is not the manager's property investment check size.
Reported real estate funds
Sorted by gross asset value. Gross assets are reported by the manager and can overlap across master, feeder, parallel, and related fund structures.
| Fund | Organized | Gross assets | Investor minimum | Owners | Annual audit |
|---|---|---|---|---|---|
| PEARLMARK EQUITY PARTNERS II, L.P.805-7208442124 | Delaware | $528 million | $5.0 million | 26 | Yes |
| PEARLMARK REALTY SENIOR MORTGAGE PARTNERS I, L.P.805-2286671302 | Delaware | $450 million | $5.0 million | 2 | Yes |
| PEARLMARK MEZZANINE REALTY PARTNERS VI, L.P.805-2959075151 | Delaware | $389 million | $5.0 million | 5 | Yes |
| PEARLMARK MEZZANINE REALTY PARTNERS V, L.P.805-4771517911 | Delaware | $184 million | $5.0 million | 113 | Yes |
| PEARLMARK MEZZANINE REALTY PARTNERS IV, L.P.805-8427461920 | Delaware | Not reported | $5.0 million | 61 | Yes |
Source and limits
Source: SEC Investment Adviser Public Disclosure, Form ADV. Firm status checked 2026-08-20. Fund detail through 2026-07-31. CRD 296631, SEC 801-126231.
Form ADV is a regulatory disclosure, not a live deal mandate. It does not report property type, target geography, current fundraising status, available capital, or whether a manager accepts unsolicited proposals. Contact the firm and review current offering documents before relying on any figure.
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