{ "crd_number": 148615, "slug": "national-real-estate-advisors-washington-dc-148615", "primary_business_name": "NATIONAL REAL ESTATE ADVISORS", "legal_name": "NATIONAL REAL ESTATE ADVISORS, LLC", "dbas": [], "city": "Washington", "state": "DC", "country": "United States", "cbsa_code": "47900", "metro": { "cbsa_code": "47900", "common_name": "Washington", "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV", "path": "/advisors/dc/washington" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2009-10-26", "years_registered": 16, "period": "2026-10-01", "filing_date": "2026-03-26", "carried_forward": false, "raum_total": null, "raum_discretionary": null, "raum_non_discretionary": null, "raum_band": "not_reported", "raum_band_label": "Not reported", "total_employees": 48, "advisory_employees": 22, "client_count_bucket": null, "clients_by_type": { "pension_profit_sharing": { "raum": 0.0, "count": 1 }, "pooled_investment_vehicles": { "raum": 0.0, "count": 7 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "other", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "DC" ], "websites": [ "https://facebook.com/NATADVISORS", "https://instagram.com/NATADVISORS", "https://linkedin.com/COMPANY/NATIONAL-REAL-ESTATE-ADVISORS", "https://natadvisors.com", "https://natrealestatedevelopment.com", "https://x.com/natadvisors" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148615", "city_as_filed": "WASHINGTON", "url": "https://advisorcensus.com/firm/national-real-estate-advisors-washington-dc-148615", "display_name": "National Real Estate Advisors", "summary": "National Real Estate Advisors is an SEC-registered investment advisory firm in Washington, DC, registered since 2009, with no regulatory assets under management reported in its Form ADV filing dated March 26, 2026.", "citation": "AdvisorCensus. National Real Estate Advisors (CRD 148615): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Other" ], "quick_answers": [ { "q": "How is National Real Estate Advisors compensated?", "a": "On its Form ADV (Item 5.E, October 2026), National Real Estate Advisors reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does National Real Estate Advisors charge?", "a": "Its Form ADV Part 2A brochure dated March 26, 2026 states: Asset-based fee: 0.9% to 1.35% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is National Real Estate Advisors located?", "a": "National Real Estate Advisors' principal office is in Washington, DC, according to its Form ADV." }, { "q": "Is National Real Estate Advisors registered with the SEC or a state?", "a": "National Real Estate Advisors is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 148615." }, { "q": "How have National Real Estate Advisors' assets and staff changed since 2021?", "a": "In the Form ADV data for National Real Estate Advisors: Total employees: 46 in October 2021 and 48 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does National Real Estate Advisors serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); pension and profit sharing plans (but not the plan participants or government pension plans) (1)." }, { "q": "Does National Real Estate Advisors report any disciplinary disclosures?", "a": "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/148615" }, { "q": "What changed in National Real Estate Advisors' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 20 to 22. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": null, "total_employees": 46, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": null, "total_employees": 51, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": null, "total_employees": 47, "filing_date": "2023-05-01" }, { "period": "2024-10-01", "regulatory_assets_under_management": null, "total_employees": 48, "filing_date": "2024-05-10" }, { "period": "2025-10-01", "regulatory_assets_under_management": null, "total_employees": 44, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": null, "total_employees": 48, "filing_date": "2026-03-26" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 20 to 22.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.9% to 1.35% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.9% to 1.35% a year (a range, as the brochure states it)" ], "quotes": [ "Investors in National’s Funds pay management fee s based upon the aggregate size of their investment , which fees generally range from 0.90% to 1.35% per year, as provided in the applicable governing documents." ] } ], "values": { "tiers": [], "range_pct": [ 0.9, 1.35 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Investors in National’s Funds pay management fee s based upon the aggregate size of their investment , which fees generally range from 0.90% to 1.35% per year, as provided in the applicable governing documents." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/national-real-estate-advisors-washington-dc-148615.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 0.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 1, "fewer_than_5": false, "raum": 0.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148615", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }