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Msref Real Estate Advisor

SEC-registered adviser since 2006New York, NYCRD 142047

26
Clients
170
Advisory staff

From Form ADV filed 24 July 2026 · data retrieved 15 October 2026SEC record

Msref Real Estate Advisor is an investment adviser headquartered in New York, New York, and registered with the SEC since 2006. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Morgan Stanley owns 75% or more of Msref Real Estate Advisor, and Brian Niles is its CEO.

Clients

Msref Real Estate Advisor serves 26 clients. The average client has about $607 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles26 clients100%
Show client breakdown
Pooled investment vehicles
Clients
26
Regulatory AUM
$15,770,404,509
Share
100.0%
Avg. per client
$606.6M

Total

Clients
26
Regulatory AUM
$15,770,404,509
Share
100%
Avg. per client
$606.6M

What it does

Msref Real Estate Advisor provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.

Msref Real Estate Advisor advises 18 private funds.

97.6% of assets ($15.39B across 24 accounts) are managed with discretion; $382.6M across 2 accounts are not. 84% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Msref Real Estate Advisor has custody of client assets.

Managed account assets by custodian
  • All other custodians$15.77B100%

Ownership and leadership

Morgan Stanley owns 75% or more of Msref Real Estate Advisor, and Brian Niles is its CEO.

Who owns the firm
Msref Real Estate Advisor, Inc.· the adviser
  • Morgan Stanley

    Control person · since September 2006

    Owns 75% or more of Msref Real Estate Advisor, Inc.

Leadership

  • Brian Niles
    Co-Chief Executive Officer of Morgan Stanley Real Estate Investing
  • Lauren Hochfelder
    Director, President and Head of Real Assets
  • Benjamin Huneke
    President and Managing Director of Morgan Stanley Investment Management
  • Christie Park
    Director and Chief Operating Officer of Morgan Stanley Real Assets Investing
  • Gauranga Pal
    Chief Compliance Officer
  • Toru Bando
    Chief Investment Officer of Morgan Stanley Real Estate Investing
  • Olivier De Poulpiquet
    Chairman of Morgan Stanley Real Estate Investing
  • Josephine Mortelliti
    Director, Global Head of Finance and Operation
  • Mustufa Salehbhai
    Chief Legal Officer

Staff

  • 372 employees
  • 170 in advisory functions
  • 21 broker-dealer reps

Fees

Msref Real Estate Advisor is paid through a percentage of assets under management, performance-based fees and other.

Msref Real Estate Advisor’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Msref Real Estate Advisor has 16 offices, with 5 listed addresses across 4 states.

Listed office addresses by state

New York · 1 listed address

  • 1585 Broadway, Morgan Stanley Investor Services, New YorkHQ

Registration details

Legal name
Msref Real Estate Advisor, Inc.
Headquarters
1585 Broadway, Morgan Stanley Investor Services, New York, NY 10036
Website
Not reported
SEC file
801-67286
Structure
Delaware corporation
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Msref Real Estate Advisor have?

Msref Real Estate Advisor has 26 clients and manages $15.8 billion for them, as of July 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026

What services does Msref Real Estate Advisor offer?

Msref Real Estate Advisor provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Msref Real Estate Advisor have?

Msref Real Estate Advisor has 0 investment adviser representatives registered with state securities authorities, out of 372 employees, and 170 perform investment advisory functions. 21 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Msref Real Estate Advisor?

Msref Real Estate Advisor’s direct owner is Morgan Stanley (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026

How does Msref Real Estate Advisor get paid?

Msref Real Estate Advisor is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 24 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 142047.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Msref Real Estate Advisor, Inc. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.