Overview
                                    
                                    
                                        
                                            DSF Advisors, LLC (“DSF”) is a private real estate investment company with its principal place of 
business in Boston, MA.  DSF was founded in 2000 and its founding partners are Arthur Solomon, 
Joshua Solomon, and Thomas Mazza.   
DSF primarily provides investment management services to private investment vehicles that are 
typically structured as Delaware limited partnerships (the “Funds”), each managed by a general 
partner which is an affiliate of DSF, and are offered and sold exclusively to investors satisfying 
the applicable eligibility and suitability requirements, either in private transactions within the 
United States or in offshore transactions. DSF’s strategy is to pursue multi-family real estate 
investments and development opportunities in the United States. 
DSF tailors its advisory services to the individual needs of its Funds in accordance with each 
Fund’s governing documents.  Since in connection with the Funds, DSF does not provide 
individualized advice to investors, investors should consider whether the respective Fund’s 
investment objectives and risk tolerances meet their objectives prior
                                        
                                        
                                             to investing.  While DSF 
currently manages Funds only, it may in the future consider managing separate accounts. 
Limited partnership interests in DSF Funds are not registered under the Securities Act of 1933, as 
amended, and DSF Funds are not registered under the Investment Company Act of 1940, as 
amended  (the “Investment Company Act”), in reliance on the available exceptions to the 
registration requirements.  DSF also manages real estate vehicles that are not securities 
portfolios.   
DSF Multi-Family Fund-2023, LP and its Parallel Fund, DSF Multi-Family Fund-2023 A, LP, had its 
initial closing on April 19, 2023, and ended 2023 with $501,850,000 of equity commitments.  
As of December 31, 2023, DSF managed approximately $1.1798 billion of Fund regulatory and 
non-regulatory assets on a discretionary basis.  Non-regulatory assets include real estate funds 
that are not securities portfolios.  DSF does not include non-securities assets under management 
in its regulatory assets under management for purposes of its SEC registration. DSF does not 
currently manage any assets on a non-discretionary basis.