Palatine Fund Advisors, LLC (“Palatine”, the “Firm” or “we”, “us” or “our”), a Delaware
limited liability company, is a New York, Los Angeles, and Miami Beach-based real estate
investment advisory firm which commenced operations in January 2007. The Firm’s
principal owner is Alexander Hurst.
Palatine provides discretionary investment advisory services to various private
partnerships, proprietary entities and other private, pooled investment vehicles (each a
“Fund” and collectively, the “Funds”) each of which focuses on real estate and real estate-
related investments. Investments can take many different forms and structures, but
Palatine generally targets investments in the consumer-oriented, needs-based asset
classes (residential, self-storage, parking and senior living) primarily in the Southeast and
Texas regions of the United States (“U.S.”). Interest in the Funds are generally offered
through private offerings to qualified U.S. and non-U.S. investors.
The investment strategies of the Funds to which Palatine currently provides investment
advice typically consists of markets with specific characteristics, such as one to five
million residents, employment and population growth and strong densities. The Firm also
typically looks to markets where a meaningful percentage of an investment’s return may
be
derived from free cash flow instead of market appreciation.
Palatine does tailor its advisory services to the individual needs of a particular Fund, as
necessary. Each Fund has a set of specific guidelines that can limit the strategy, size,
concentration, geography and/or terms of the Fund’s underlying investments as
described in each Fund’s governing documents. Each Fund’s offering memoranda,
governing documents, subscription agreements, side letters, and any investment
management agreement between Palatine and each Fund collectively shall be referred to
herein as “Operative Documents.”
In accordance with common industry practice, a Fund or its general partner generally
enter into a “side letter” or similar agreement with an investor pursuant to which the Fund
or its general partner grants the investor specific rights, benefits or privileges that are not
generally made available to all investors. See “Item 8 – Methods of Analysis, Investment
Strategies and Risk of Loss” below for more details.
Further, certain limited partners in the Funds (e.g., law firm partners) may be engaged to
provide services to the Funds and/or properties.
The Firm does not participate in wrap fee programs.
As of December 31st, 2023, Palatine managed approximately $868,911,228 of Fund assets
on a discretionary basis.