{ "crd_number": 172753, "slug": "pnc-real-estate-louisville-ky-172753", "primary_business_name": "PNC REAL ESTATE", "legal_name": "PNC TC, LLC", "dbas": [], "city": "Louisville", "state": "KY", "country": "United States", "cbsa_code": "31140", "metro": { "cbsa_code": "31140", "common_name": "Louisville", "msa_name": "Louisville/Jefferson County, KY-IN", "path": "/advisors/ky/louisville" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-11-21", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-06-08", "carried_forward": false, "raum_total": 3553308062.0, "raum_discretionary": 3553308062.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 186, "advisory_employees": 186, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 3553308062.0, "count": 72 } }, "compensation_types": [ "other" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 6, "states_registered": [ "DC", "KY", "OR" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/172753", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "LOUISVILLE", "url": "https://advisorcensus.com/firm/pnc-real-estate-louisville-ky-172753", "display_name": "PNC Real Estate", "summary": "PNC Real Estate is an SEC-registered investment advisory firm in Louisville, KY, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 8, 2026.", "citation": "AdvisorCensus. PNC Real Estate (CRD 172753): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is PNC Real Estate compensated?", "a": "On its Form ADV (Item 5.E, October 2026), PNC Real Estate reports these compensation arrangements: other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is PNC Real Estate located?", "a": "PNC Real Estate's principal office is in Louisville, KY, according to its Form ADV; the July 2026 filing also lists 5 other offices (Schedule D, Section 1.F)." }, { "q": "Is PNC Real Estate registered with the SEC or a state?", "a": "PNC Real Estate is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 172753." }, { "q": "How much does PNC Real Estate manage?", "a": "PNC Real Estate reports $3,553,308,062 in regulatory assets under management in its Form ADV filing dated June 8, 2026 (100% discretionary)." }, { "q": "How have PNC Real Estate's assets and staff changed since 2021?", "a": "In the Form ADV data for PNC Real Estate: Regulatory assets under management: $2,273,927,627 in the October 2021 data and $3,553,308,062 in the October 2026 data, up 56%. Total employees: 153 in October 2021 and 186 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does PNC Real Estate serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (72)." }, { "q": "Does PNC Real Estate report any disciplinary disclosures?", "a": "Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/172753" }, { "q": "What changed in PNC Real Estate's recent Form ADV filings?", "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2273927627.0, "total_employees": 153, "filing_date": "2021-08-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2431401674.0, "total_employees": 163, "filing_date": "2022-03-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2877572823.0, "total_employees": 176, "filing_date": "2023-07-24" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3257395486.0, "total_employees": 180, "filing_date": "2024-07-17" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3469045076.0, "total_employees": 176, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3553308062.0, "total_employees": 186, "filing_date": "2026-06-08" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 176 to 186." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/pnc-real-estate-louisville-ky-172753.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 72, "fewer_than_5": false, "raum": 3553308062.0 } ], "disclosure_line": "Reports 6 disclosure items on Form ADV Item 11.", "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/172753", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }