Artemis Real Estate Partners, LLC (Chevy Chase)


Artemis Real Estate Partners, LLC is a large advisory firm based in Chevy Chase. It manages $3.52 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Delaware, Georgia, Maryland, and New York.

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

Artemis Real Estate Partners: assets under management

The assets under management (AUM) of Artemis Real Estate Partners, LLC is $3.52 billion. The firm's AUM has grown by 376% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.38 billion in discretionary accounts and $1.14 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $190.24 million.
Artemis Real Estate Partners has custody of $1.14 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Artemis Real Estate Partners, LLC 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 Penny Pritzker serves?

The only and largest group of clients of Penny Pritzker is pooled investment vehicles with 13 clients and $3.52 billion of assets under management. Among the 7 most similar advisory firms, Artemis Real Estate Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.52 billion for 13 clients. None of the firm’s clients are foreign persons or businesses.

Artemis Real Estate Partners also advises several private funds. Namely, thirteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Artemis Real Estate Partners, LLC

The company employs 37 people that are either part- or full-time employees. 73 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.

Penny Pritzker has been acting as President since 1 Sep 2009. Llc Artemis Real Estate Partners Executive Holdings joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Dlh Member 1 Sep 2009 25% - 50% 27-3176259
L.L.C. Arep Investors Member 1 Sep 2009 25% - 50% 27-0834294
Bradley Berkley Chief financial officer 1 Sep 2009 Other 6022932
Deborah Lynn Harmon Chief executive officer 1 Sep 2009 Other 5062552
Llc Dlh Capital Member 1 Sep 2009 25% - 50% 27-3176259
Penny Pritzker Chairman 1 Sep 2009 Other 6022939
Diana C Liu Chief compliance officer & general counsel 1 Mar 2010 Other 6022927
Alison Tattersall Hawkins Marketing principal 1 May 2010 Other 5274472
Alexander Parish Gilbert Member & president 1 Jan 2011 Other 2974230
Daniel Mark Tangherlini Chief operating officer 1 Mar 2015 Other 6472367
Llc Artemis Real Estate Partners Executive Holdings Member 1 Dec 2016 Other 81-4572338

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Horton Trust Company Llc Trustee 1 Jun 2008 Other 45-4024479
F.L.P. Trust 19m2 Member 1 Jun 2008 75% - 100% 37-6426003
Llc P19m2 Investors Member 1 Aug 2008 75% - 100% 26-3312571
Deborah Lynn Harmon Member 1 Aug 2010 75% - 100% 5062552
F.L.P. Trust 19 Member, surviving entity by merger with f.l.p. trust 19m2 1 Jan 2015 75% - 100% 36-6043193
Alison Tattersall Hawkins Member 1 Dec 2016 25% - 50% 5274472
Richard Joseph Banjo Member 1 Dec 2016 25% - 50% 4352321

Based in Chevy Chase

The principal office where Artemis Real Estate Partners, LLC performs its advisory services is located at 5404 Wisconsin Avenue, Chevy Chase, MD 20815, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 240-235-2022 or by fax 240-752-8726. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at artemisrep.com and its LinkedIn profile.