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Private fund adviser · Irvine, CA

FPA Real Estate Advisers Group, LLC

SEC-registered investment adviser · CRD 288195 · SEC 801-110433

At a glance

FPA Real Estate Advisers Group, LLC is an SEC-registered investment adviser based in Irvine, California, with $8.0 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 710th of 4,686 private fund advisers and 1,573rd of 17,210 SEC-registered advisers by assets.

Main office 949-399-2500fpamf.comLinkedInAs filed on Form ADV

Regulatory AUM
$8.0B
Rank among private fund advisers
#710 of 4,686
Rank among all SEC RIAs
#1,573 of 17,210
Rank in California
#163 of 1,873
Clients
33
Accounts
33
Discretionary
100% of AUM
Employees
110
Advisory staff
13
Offices
2

Owners and executives on its Form ADV

Custody and brokerage

Custodian

FPA Real Estate Advisers Group, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.

Broker-dealer

No broker-dealer ties

Other RIAs with no broker-dealer ties

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles33$8.0B100%

Private funds

FPA Real Estate Advisers Group, LLC reports 9 private funds with $793M in gross assets: real estate funds (Form ADV Item 7.B).

Disciplinary disclosures

FPA Real Estate Advisers Group, LLC answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗

Services

  • Portfolio management for pooled investment vehicles

How it’s paid

  • Performance-based fees
  • Other

Form ADV and brochures on the SEC’s adviser search ↗fpamf.com ↗

AtlasMembers

The full record on FPA Real Estate Advisers Group, LLC

Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.

Assets, accounts, clients and staff, 8 years of filings
Locked
Growth over one, three and five years
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Rank against 1,097 peers of its type and size
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Owners and executives, with titles and stakes
6 namedLocked
Main office, fax and compliance officer
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Filing changes this year, with alerts
1Locked
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.

Background

Questions

How much does FPA Real Estate Advisers Group, LLC manage?

FPA Real Estate Advisers Group, LLC reports $8.0 billion in regulatory assets under management across 33 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.

What kind of firm is FPA Real Estate Advisers Group, LLC?

FPA Real Estate Advisers Group, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.

Who are FPA Real Estate Advisers Group, LLC’s clients?

By assets, its largest client types are pooled investment vehicles ($8.0 billion, 33 clients).

Does FPA Real Estate Advisers Group, LLC manage private funds?

Yes. It reports 9 private funds with $793 million in gross assets, including real estate funds.

Does FPA Real Estate Advisers Group, LLC have any disciplinary history?

FPA Real Estate Advisers Group, LLC answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.

Where these numbers come from

Every figure is FPA Real Estate Advisers Group, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.

Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →