# Two Sigma Real Estate, LP

> Two Sigma Real Estate, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 324210
- Filed as: TWO SIGMA REAL ESTATE, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324210
- AdvisorCensus page: https://advisorcensus.com/firm/two-sigma-real-estate-lp-new-york-ny-324210

## Quick answers

**How is Two Sigma Real Estate, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Two Sigma Real Estate, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Two Sigma Real Estate, LP located?**
Two Sigma Real Estate, LP's principal office is in New York, NY, according to its Form ADV.

**Is Two Sigma Real Estate, LP registered with the SEC or a state?**
Two Sigma Real Estate, LP is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 324210.

**How much does Two Sigma Real Estate, LP manage?**
Two Sigma Real Estate, LP reports $581,655,163 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Two Sigma Real Estate, LP's assets and staff changed since 2024?**
In the Form ADV data for Two Sigma Real Estate, LP: Regulatory assets under management: $0 in the October 2024 data and $581,655,163 in the October 2026 data. Total employees: 46 in October 2024 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Two Sigma Real Estate, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Two Sigma Real Estate, LP 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/324210

**What changed in Two Sigma Real Estate, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $225,000,000 to $581,655,163 (+159%). 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

### Regulatory assets under management (Item 5.F)
- Total: $581,655,163
- Discretionary: $581,655,163
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $581,655,163 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 36 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- twosigma.com/businesses/real-estate
- LinkedIn @two-sigma-investments
- X @twosigma

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 46 | September 18, 2024 |
| October 2025 | $225,000,000 | 38 | May 8, 2025 |
| October 2026 | $581,655,163 | 36 | March 31, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $581,655,163 in the October 2026 data.
Total employees: 46 in October 2024 and 36 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $225,000,000 to $581,655,163 (+159%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Two Sigma Real Estate, LP (CRD 324210): Form ADV filing data as of October 2026.