# Comunidad Realty Partners

> Comunidad Realty Partners is an SEC-registered investment advisory firm in Austin, TX, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 315665
- Filed as: COMUNIDAD REALTY PARTNERS
- Legal name: Comunidad Fund I Manager, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315665
- AdvisorCensus page: https://advisorcensus.com/firm/comunidad-realty-partners-austin-tx-315665

## Quick answers

**How is Comunidad Realty Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Comunidad Realty Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Comunidad Realty Partners' brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 1.75% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Comunidad Realty Partners located?**
Comunidad Realty Partners' principal office is in Austin, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Comunidad Realty Partners registered with the SEC or a state?**
Comunidad Realty Partners is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 315665.

**How much does Comunidad Realty Partners manage?**
Comunidad Realty Partners reports $206,454,774 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Comunidad Realty Partners' assets and staff changed since 2022?**
In the Form ADV data for Comunidad Realty Partners: Regulatory assets under management: $305,869,106 in the October 2022 data and $206,454,774 in the October 2026 data, down 33%. Total employees: 100 in October 2022 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Comunidad Realty Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Comunidad Realty Partners 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/315665

**What changed in Comunidad Realty Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 11. Regulatory assets under management went from $264,469,897 to $206,454,774 (-22%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 1.75% of assets a year (the maximum the brochure states)

> The Manager generally charges an annual management fee (“Management Fee”) of up to 1.75% of Investor commitments during the Fund’s investment period.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $206,454,774
- Discretionary: $206,454,774
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $206,454,774 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 15 total, 11 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- San Diego, CA

### Websites listed on Form ADV (Item 1.I)
- comunidadpartners.com
- LinkedIn @comunidad-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $305,869,106 | 100 | September 26, 2022 |
| October 2023 | $305,869,106 | 100 | March 31, 2023 |
| October 2024 | $264,816,758 | 76 | March 29, 2024 |
| October 2025 | $264,469,897 | 17 | March 30, 2025 |
| October 2026 | $206,454,774 | 15 | March 30, 2026 |

Regulatory assets under management: $305,869,106 in the October 2022 data and $206,454,774 in the October 2026 data, down 33%.
Total employees: 100 in October 2022 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 11.
- Regulatory assets under management went from $264,469,897 to $206,454,774 (-22%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Comunidad Realty Partners (CRD 315665): Form ADV filing data as of October 2026.