AUMdb

Lubert Adler Management Company, L.P.

SEC-registered Private Fund Manager · Mid-sized ($1B–$10B) CRD 155201 · SEC file 801-71911 · Philadelphia, PA · WWW.LUBERTADLER.COM
☆ Save with Pro ADV data as of Jul 13, 2026
Regulatory AUM
$2.8B
Discretionary
$2.5B
Clients
27
Avg AUM / client
$104M
Accounts
27
Employees
24

AUM over time

$2.7B $4.7B
Dec 2011 Jul 2026

Annual snapshots from Form ADV filings · as of Jul 13, 2026

Who they serve

Client typeClientsAUM% of AUM
Pooled investment vehicles (non-investment companies) 27 $2.8B 100.0%

Private funds (22)

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Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $2.8B combined gross assets

FundTypeDomicileGross assetsOwners
Lubert Adler Rec Master Fund Ab, L.P. And Master Fund C, L.P. master Real Estate Fund Delaware $574M 12
Lubert Adler Workforce Housing Fund, L.P. Real Estate Fund Delaware $297M 12
Lubert Adler Real Estate Fund Vi, L.P. master Real Estate Fund Delaware $277M 75
Lubert Adler/Laramar Urban Neighborhood Fund, L.P. Real Estate Fund Delaware $274M 31
Lubert Adler Workforce Housing Fund Ii Mb, L.P. Real Estate Fund Delaware $229M 4
L A 2023 Private Credit, Llc Real Estate Fund Delaware $201M 2
Lubert Adler Real Estate Fund Vii, L.P. Real Estate Fund Delaware $193M 15
Lubert Adler Real Estate Fund Vii B, L.P. Real Estate Fund Delaware $188M 12
Lubert Adler Real Estate Fund V, L.P. master Real Estate Fund Delaware $109M 83
L A 2020 Recovery Capital, Llc Real Estate Fund Delaware $101M 2
Lubert Adler Real Estate Fund Vi B, L.P. Real Estate Fund Delaware $54.1M 5
Rec Bellevue Co Investors, L.P. Real Estate Fund Delaware $50.5M 2
L A Airport Co Investor, L.P. Real Estate Fund Delaware $49.7M 4
Lubert Adler Real Estate Fund Iv, L.P. master Real Estate Fund Delaware $39.7M 73
Rec Allston Co Investors, L.P. Real Estate Fund Delaware $32.5M 2

People (6)

NameRole / titleCredentialsWith firm sinceOwnership
Emrich, Robert, Eric Chief Financial Officer, Vice President & Treasurer Sep 2002 (24y) Less than 5%
Adler, Dean, Stewart Limited Partner Feb 2005 (22y) 50% – 75%
Lubert, Ira, Mark Limited Partner Feb 2005 (22y) ≈ 0% – 3.75% via Lubert Adler Management Gp, Llc
Vaughn, Michelle, Woods Chief Compliance Officer Aug 2012 (14y) Less than 5%
Trachtenberg, Michael, Lane President Jul 2024 (2y) Less than 5%
Black, Dory, Segall General Counsel Sep 2024 (2y) Less than 5%

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Lubert Adler Management Gp, Llc General Partner Feb 2005 A Less than 5%

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Lubert, Ira, Mark: 50% – 75% of Lubert Adler Management Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (22, $2.8B gross assets)

FundTypeGross assetsMin. investmentOwners
Lubert Adler Rec Master Fund Ab, L.P. And Master Fund C, L.P. Real Estate Fund $574M $5.0M 12
Lubert Adler Workforce Housing Fund, L.P. Real Estate Fund $297M $5.0M 12
Lubert Adler Real Estate Fund Vi, L.P. Real Estate Fund $277M $5.0M 75
Lubert Adler/Laramar Urban Neighborhood Fund, L.P. Real Estate Fund $274M $5.0M 31
Lubert Adler Workforce Housing Fund Ii Mb, L.P. Real Estate Fund $229M $5.0M 4
L A 2023 Private Credit, Llc Real Estate Fund $201M $5.0M 2
Lubert Adler Real Estate Fund Vii, L.P. Real Estate Fund $193M $5.0M 15
Lubert Adler Real Estate Fund Vii B, L.P. Real Estate Fund $188M $5.0M 12
Lubert Adler Real Estate Fund V, L.P. Real Estate Fund $109M $5.0M 83
L A 2020 Recovery Capital, Llc Real Estate Fund $101M $5.0M 2
Lubert Adler Real Estate Fund Vi B, L.P. Real Estate Fund $54.1M $5.0M 5
Rec Bellevue Co Investors, L.P. Real Estate Fund $50.5M $1.0M 2
L A Airport Co Investor, L.P. Real Estate Fund $49.7M $1.0M 4
Lubert Adler Real Estate Fund Iv, L.P. Real Estate Fund $39.7M $5.0M 73
Rec Allston Co Investors, L.P. Real Estate Fund $32.5M $5.0M 2
L A Battery Qof Fund, L.P. Real Estate Fund $32.3M $5.0M 25
Lubert Adler Capital Real Estate Fund Vii, L.P. Real Estate Fund $29.3M $5.0M 3
L A Delray Qof Fund, L.P. Real Estate Fund $26.3M $5.0M 19
Lubert Adler/Laramar Urban Neighboorhood Capital Fund, L.P. Real Estate Fund $23.7M $5.0M 4
Lubert Adler Real Estate Fund Vi A, L.P. Real Estate Fund $18.8M $5.0M 48
Lubert Adler Delray Qof Fund Ii, L.P. Real Estate Fund $14.6M $5.0M 8
L A Battery Aggregator Fund, L.P. Real Estate Fund $11.6M $1.0M 8

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 07/13/2026 9.09 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

  • Percentage of assets under management
  • Performance-based fees
  • Other fees
  • ASSET, ACQUISITION, DEVELOPMENT, DISPOSITION & ORIGINATION FEES

Services

  • Portfolio management for pooled investment vehicles

Custody

Firm reports having custody of client funds or securities (Item 9.A).

No custodian data reported or mined yet.

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 13, 2026.

View current Form ADV (SEC/IAPD) ↗