Kabr Management, LLC

KABR Management L.L.C., established in 2008, specializes in providing real estate-related investment advisory services to pooled investment vehicles exempt from registration. The firm, led by Principals Kenneth Pasternak and Adam Altman, manages approximately $574 million in discretionary assets as of December 31, 2024. KABR Management's services include sourcing, negotiating, and managing real estate investments for the Funds, focusing on value-oriented strategies. The firm charges Asset Management Fees between 1% and 1.5% of capital commitments or Net Asset Value. KABR Management may also receive Carried Interest based on Fund performance. The minimum investment for investors is generally $250,000, with discretion to accept lower amounts. The firm does not participate in wrap fee programs and does not have brokerage soft dollar arrangements. KABR Management's investment strategies aim to provide capital gains, equity growth, and income from real estate assets. The firm's risk factors include market fluctuations, competition, leverage risks, and illiquidity. KABR Management's code of ethics emphasizes client interests and compliance with laws. The firm has discretion over investments, custody of funds, and voting client securities. Clients receive regular reports and audited financial statements. KABR Management addresses conflicts of interest and provides detailed information on fees, compensation, and potential risks to investors.