# National Real Estate Advisors

> 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.

- CRD: 148615
- Filed as: NATIONAL REAL ESTATE ADVISORS
- Legal name: National Real Estate Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Washington, DC
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148615
- AdvisorCensus page: https://advisorcensus.com/firm/national-real-estate-advisors-washington-dc-148615

## Quick answers

**How is National Real Estate Advisors compensated?**
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.

**How much does National Real Estate Advisors charge?**
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.

**Where is National Real Estate Advisors located?**
National Real Estate Advisors' principal office is in Washington, DC, according to its Form ADV.

**Is National Real Estate Advisors registered with the SEC or a state?**
National Real Estate Advisors is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 148615.

**How have National Real Estate Advisors' assets and staff changed since 2021?**
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.

**What types of clients does National Real Estate Advisors serve?**
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).

**Does National Real Estate Advisors 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/148615

**What changed in National Real Estate Advisors' recent Form ADV filings?**
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).

## 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 26, 2026)

- Asset-based fee: 0.9% to 1.35% a year (a range, as the brochure states it)

> 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.

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

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $0 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2009 (16 years)
- Employees: 48 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- natadvisors.com
- natrealestatedevelopment.com
- Facebook @NATADVISORS
- Instagram @NATADVISORS
- LinkedIn @NATIONAL-REAL-ESTATE-ADVISORS
- X @natadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 46 | March 31, 2021 |
| October 2022 | Not reported | 51 | March 31, 2022 |
| October 2023 | Not reported | 47 | May 1, 2023 |
| October 2024 | Not reported | 48 | May 10, 2024 |
| October 2025 | Not reported | 44 | March 28, 2025 |
| October 2026 | Not reported | 48 | March 26, 2026 |

Total employees: 46 in October 2021 and 48 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 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. National Real Estate Advisors (CRD 148615): Form ADV filing data as of October 2026.