The Milestone Real Estate Group, LP (Dallas)

Name: The Milestone Real Estate Group, LP
Address: 8333 Douglas Avenue, Dallas, TX, 75225
Telephone: 214-442-8150

The Milestone Real Estate Group, LP is a large advisory firm based in Dallas. It manages $429.21 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012.

The Milestone Real Estate Group provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Milestone Real Estate Group: assets under management

The assets under management (AUM) of The Milestone Real Estate Group, LP is $429.21 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $429.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $214.61 million each.

The Milestone Real Estate Group has custody of $429.21 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Milestone Real Estate Group, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Milestone Real Estate Group serves?

The only and largest group of clients of The Milestone Real Estate Group is pooled investment vehicles with 2 clients and $429.21 million of assets under management. Among the 6 most similar advisory firms, The Milestone Real Estate Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $429.21 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

The Milestone Real Estate Group also advises several private funds. Namely, two real estate funds.

Careers at The Milestone Real Estate Group, LP

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Lee Goldberg	Managing partner	1 Aug 2003	25% - 50%	1991146
Llc The Milestone Group	General partner	1 Aug 2003	Other	77-0624453
Robert Paul Landin	Managing partner	1 Aug 2004	25% - 50%	6047002
Robert Landin	Managing partner	1 Aug 2004	25% - 50%	6047002
Steven Thomas Lamberti	Chief operating officer	1 Mar 2005	Other	6047007
Steve L Lamberti	Chief operating officer	1 Mar 2005	Other	6047007
Christopher Phillips	Chief financial officer, chief compliance officer	1 May 2006	Other	6047011
Christopher Alan Phillips	Chief financial officer, chief compliance officer	1 May 2006	Other	6047011
Michael Henry Krupa	Managing director	1 Mar 2009	Other	2013144
Ryan Newberry	Chief compliance officer	1 Oct 2013	Other	6263992
Lp Landin Family Partnership	Partner	1 Jan 2014	25% - 50%	47-1559163
John Richard Ascenzo	Chief compliance officer	1 Sep 2015	Other	6629970

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp The Milestone Real Estate Group	Managing member	1 Apr 2006	Other	161957
Mmi Gp Llc	General partner	1 Apr 2006	Other	74-3174309
Lp The Milestone Real Estate Group	Managing member	1 Dec 2006	Other	161957

Based in Dallas

The principal office where The Milestone Real Estate Group, LP performs its advisory services is located at 8333 Douglas Avenue, Dallas, TX 75225, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-442-8150 or by fax 214-442-8199. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at milestonegp.com.