DRA Advisors is a New York-based registered investment advisor founded in 1986 that manages real estate investments for institutional and private investors including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. The firm pursues a value-added investment strategy across industrial, retail, multifamily, and office properties throughout the continental United States. DRA operates through commingled funds and conducts its investment activities via programmatic joint ventures with experienced operators. The portfolio as of May 2026 includes properties across 35 states, with the largest concentrations in Texas , Illinois, and California. Industrial assets dominate the portfolio with properties totaling 51.2 million square feet, followed by office and retail at 11 million square feet, and multifamily totaling 16,421 units. The firm has offices in New York, Miami, and San Francisco and employs approximately 100 professionals. DRA targets well-located assets at discounts to replacement cost and drives returns through operational improvements and disciplined capital markets execution.