# AII Capital Management, LLC

> AII Capital Management, LLC is an SEC-registered investment advisory firm in Moorpark, CA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 21, 2026.

- CRD: 299674
- Filed as: AII CAPITAL MANAGEMENT, LLC
- Also doing business as: APARTMENT INCOME INVESTORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Moorpark, CA
- Filing period: October 2026
- Form ADV filing dated: March 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299674
- AdvisorCensus page: https://advisorcensus.com/firm/aii-capital-management-llc-moorpark-ca-299674

## Quick answers

**How is AII Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), AII Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is AII Capital Management, LLC located?**
AII Capital Management, LLC's principal office is in Moorpark, CA, according to its Form ADV.

**Is AII Capital Management, LLC registered with the SEC or a state?**
AII Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299674.

**How much does AII Capital Management, LLC manage?**
AII Capital Management, LLC reports $108,624,916 in regulatory assets under management in its Form ADV filing dated March 21, 2026 (4% discretionary).

**How have AII Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for AII Capital Management, LLC: Regulatory assets under management: $105,905,205 in the October 2021 data and $108,624,916 in the October 2026 data, up 3%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does AII Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does AII Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/299674

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $108,624,916
- Discretionary: $4,068,916
- Non-discretionary: $104,556,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $108,624,916 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2019 (6 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- aiiproperties.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $105,905,205 | 1 | August 6, 2021 |
| October 2022 | $139,250,000 | 1 | March 30, 2022 |
| October 2023 | $141,916,000 | 1 | March 24, 2023 |
| October 2024 | $132,793,986 | 1 | March 29, 2024 |
| October 2025 | $120,497,144 | 1 | March 18, 2025 |
| October 2026 | $108,624,916 | 1 | March 21, 2026 |

Regulatory assets under management: $105,905,205 in the October 2021 data and $108,624,916 in the October 2026 data, up 3%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. AII Capital Management, LLC (CRD 299674): Form ADV filing data as of October 2026.