Updated:
C-III Investment Management
C-III Investment Management, led by Andrew T. Kokas, invests in commercial real estate debt and equity primarily across the United States.
C-III Investment Management
C-III Investment Management was formed in 2010 as a dedicated investment management arm of C-III Capital Partners, a firm founded by Andrew Farkas that traces its roots to Insignia Financial Group. The firm focuses on commercial real estate debt and equity investments, primarily across the United States. Its investment strategies span senior mortgages, mezzanine debt, preferred equity, and direct equity positions in transitional and value-add properties. The firm targets institutional investors, including pension funds, insurance companies, and family offices, providing vehicles tailored to different risk-return profiles. C-III Investment Management typically invests alongside its clients in co-investment structures, and has executed transactions across office, multifamily, retail, and industrial asset classes. Named portfolio holdings or specific deal amounts are not widely publicized, though the firm is known to operate primarily in major US markets including New York, Los Angeles, and Chicago. C-III Investment Management maintains a lean team based in New York City. The firm does not operate a public philanthropic foundation under its own name, but ties to C-III Capital Partners’ broader charitable efforts are likely. As of 2023, the firm has not disclosed total assets under management; industry sources estimate it manages between $1 billion and $5 billion in real estate assets, though this is not confirmed. What distinguishes C-III Investment Management is its direct lineage from C-III Capital Partners, a well-known commercial real estate special servicer and asset manager — providing the investment team with an edge in sourcing distressed and transitional opportunities. The firm operates as a registered investment adviser (RIA) under the SEC, adding a layer of regulatory transparency uncommon among private real estate managers.
General information
Firm type
Asset Manager
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Andrew T. Kokas
Chief Executive Officer
Sector focus
Frequently asked questions
Who leads investment decisions at C-III Investment Management?
Andrew T. Kokas serves as Chief Executive Officer and is responsible for the firm's investment strategy and operations. Prior to leading C-III Investment Management, he held senior roles at related entities including C-III Capital Partners. The firm's investment committee includes professionals with decades of commercial real estate experience (per the firm's public filings and industry reports).
Is C-III Investment Management structured as a single family office or a multi-family office?
C-III Investment Management operates as an SEC-registered investment adviser (RIA), not as a family office. It manages assets for a broad institutional client base including pension funds, insurance companies, and family offices. The firm's registered adviser structure allows it to accept third-party capital beyond a single family.
What investment strategies does C-III Investment Management focus on?
The firm concentrates on commercial real estate debt and equity, including senior mortgages, mezzanine debt, preferred equity, and direct equity investments. It targets transitional and value-add assets across office, multifamily, retail, and industrial property types, primarily in the United States. Strategies are delivered through separately managed accounts and commingled funds (per public SEC filings and investor materials).
Does C-III Investment Management participate in fund commitments or only direct deals?
C-III Investment Management acts as an asset manager, raising commingled funds and separately managed accounts for institutional investors. It may invest alongside clients in co-investment structures, but its primary business is managing discretionary capital through pooled vehicles rather than direct proprietary investments (per the firm's SEC ADV filing).
What is the relationship between C-III Investment Management and C-III Capital Partners?
C-III Investment Management was spun out of C-III Capital Partners in 2010 but remains closely affiliated. C-III Capital Partners is a well-known commercial real estate special servicer and asset manager with deep expertise in distressed and transitional properties. The investment management arm leverages this network for deal sourcing and asset management capabilities.
Does C-III Investment Management disclose its assets under management?
As of 2024, the firm does not publicly disclose a specific AUM figure. Industry estimates suggest it may manage between $1 billion and $5 billion in commercial real estate assets, but this is not confirmed by the firm. Investors and allocators should request current data directly from the firm.
What is C-III Investment Management's approach to environmental, social, and governance (ESG) factors?
The firm does not prominently publicize ESG guidelines. As a real estate debt and equity manager investing in transitional assets, it may consider environmental risk and property upgrades as part of its underwriting process, but no formal ESG framework is disclosed in public filings or on its website.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: