BREAKTHROUGH PROPERTIES

RIASEC RegisteredEst. 2020
Total AUM
$2.7B
Discretionary
$2.7B
100% of AUM
Avg account
$224M
Accounts
12
Employees
94
Advisory reps
5

Firm details

Headquarters
Los Angeles, California
CRD number
309668
Registered since
September 4, 2020
Fee structure
Percentage of AUM, Performance Based Fees, Other
Client types
  • Pooled Investment Vehicles100%
Services
Portfolio Management for Pooled Investment Vehicles

Firm profile

FINTRX

Overview

Breakthrough Properties operates as a real estate–focused adviser that builds and manages pooled investment vehicles for institutional clients. The firm’s primary activity is portfolio management for pooled funds, with a clear emphasis on real estate strategies. Breakthrough Properties positions itself as an active ESG investor, integrating environmental, social and governance considerations into its investment process for property acquisitions and asset management. The firm also serves as sponsor, general partner and managing member of its pooled vehicles, which indicates a hands‑on role from acquisition through ongoing asset management and potential dispositions. Fee arrangements combine a percentage-of-AUM component with performance-based fees and other structures, aligning the adviser’s compensation with both scale and realized returns. While the firm works primarily with institutional investors, it is structured as a Limited Liability Company and is listed as a domestic entity and individual owner type. Breakthrough Properties is designated as a real estate fund manager rather than a broad capital allocator.

Assets & Accounts

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Owners & executives

3 of 4
  • Daniel Belldegrun

    Chief Executive Officer and Co-FounderCRD 7282055

  • LESLEY CHAO

    Chief Financial OfficerCRD 4657423

  • ALISON CULLEN

    Chief Compliance OfficerCRD 8216750

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Contacts

1 of 1
  • JENNIFER WARNE

    Senior Vice PresidentCRD 7858668

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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Location

Primary office

Los Angeles, CA

LOS ANGELES

Location

Los Angeles, CA

Headquartered in Los Angeles, CA, anchoring the Los Angeles-Long Beach, CA metro in the West.

Metro area
Los Angeles-Long Beach, CA
Region
West
County
LOS ANGELES
Address
10100 Santa Monica Blvd
Time zone
PT (UTC-8)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth