Overview
Hodes Weill & Associates is a global real estate and real assets advisory firm founded in 2009 by Douglas Weill and David Hodes. Both founders came from senior positions at major real estate investment firms and placement agents, bringing decades of real estate capital markets experience to the new platform.
The firm is headquartered in New York with a London office, providing coverage across North American and European real estate markets. Hodes Weill has built a distinctive position in the market by combining placement agent services with a research platform that produces some of the most widely cited data on institutional real estate allocations.
Since inception, Hodes Weill has raised billions of dollars in capital commitments for real estate managers across value-add, opportunistic, core-plus, and sector-specific strategies. The firm’s team of approximately 20 to 30 professionals brings deep real estate investment knowledge, LP relationships, and market intelligence to every mandate.
The firm’s annual Institutional Real Estate Allocations Monitor, produced in partnership with Cornell University’s Baker Program in Real Estate, is a benchmark publication in the institutional real estate community. This research gives Hodes Weill unique insight into LP allocation trends, which directly informs their fundraising advisory work.
Strategy Focus
Hodes Weill is laser-focused on real estate and adjacent real asset strategies. The firm places capital across the full spectrum of real estate investment approaches, including value-add (the largest segment of institutional real estate fundraising), opportunistic (higher return, higher risk strategies), core-plus (stable income with moderate value creation), sector-specific (industrial, multifamily, life sciences, data centers, student housing), debt (real estate credit, mezzanine, and bridge lending), and infrastructure.
The firm works with GPs across a range of fund sizes, from mid-market managers raising $300 million to large platforms raising $2 billion or more. Hodes Weill has experience with both established real estate managers and newer teams, including spin-outs from major real estate investment firms.
Their deep understanding of the real estate investment landscape means they can provide highly specific positioning advice. They know which LP real estate allocations are over-target versus under-target, which sectors are seeing increased institutional interest, and how a GP’s strategy compares to the competitive set in the market.
Hodes Weill also advises on real estate separate accounts and joint ventures, which are an important part of the institutional real estate landscape. Many large LPs prefer separate account structures for their core and core-plus real estate exposure, and Hodes Weill helps GPs navigate these relationship-intensive mandates.
LP Network
Hodes Weill’s LP network is built specifically around institutional real estate allocators. The firm maintains relationships with pension plans (both public and corporate), sovereign wealth funds, endowments, foundations, insurance companies, and family offices that have dedicated real estate investment programs.
The firm’s annual Allocations Monitor survey provides an ongoing touchpoint with hundreds of institutional investors globally. Participation in the survey creates a natural relationship-building channel, as LPs share their allocation data and in return receive access to comprehensive market intelligence. This annual interaction keeps Hodes Weill connected to the institutional real estate community at scale.
Their LP coverage spans North America and Europe, with additional relationships in Asia-Pacific and the Middle East. The firm’s London office provides dedicated coverage of European real estate allocators, including the major UK, Nordic, Dutch, and German institutional investors who are active in global real estate.
Hodes Weill’s relationships tend to be with the real estate investment teams within these institutions, rather than the general alternatives or private equity teams. This matters because at large institutions, real estate allocation decisions are often made by dedicated real estate professionals with specialized knowledge, and Hodes Weill speaks their language.
Working With Hodes Weill & Associates
Hodes Weill provides specialized real estate fundraising advisory rooted in deep sector knowledge and proprietary market data. The firm’s approach begins with a thorough analysis of the GP’s strategy positioning relative to current LP allocation trends, using data from their Allocations Monitor and ongoing market intelligence.
Placement agent fees typically range from 1.5-2.5% success fee plus retainer. Contact Hodes Weill directly for current terms.
The firm’s pre-marketing advisory includes strategy positioning, fund terms benchmarking (against real estate market norms specifically), marketing materials review, and LP targeting. Hodes Weill’s feedback is grounded in quantitative data on LP real estate preferences, making their advice more evidence-based than what generalist agents can typically provide.
During the active fundraise, the firm manages targeted LP outreach to institutions with demonstrated real estate allocation capacity and investment interest. Their sector specialization allows them to efficiently identify high-probability LP targets and avoid wasting time on investors who are unlikely to commit.
GPs in the real estate space should strongly consider Hodes Weill when they want an agent who lives and breathes real estate investing. The firm’s research platform, dedicated LP relationships, and sector expertise create a fundraising advisory capability that is difficult to replicate with a generalist placement agent. Their data-driven approach provides GPs with genuine market intelligence rather than anecdotal observations.
Frequently Asked Questions
What is the Hodes Weill Allocations Monitor?
The Institutional Real Estate Allocations Monitor is an annual research publication produced by Hodes Weill & Associates in partnership with Cornell University's Baker Program in Real Estate. The survey collects data from hundreds of institutional investors globally on their real estate allocation targets, current allocations, investment preferences, and outlook. It is widely regarded as one of the most comprehensive data sets on institutional real estate allocation trends.
Does Hodes Weill only work with real estate managers?
Hodes Weill's primary focus is real estate, though the firm has expanded into adjacent real asset strategies including infrastructure. The firm's deep expertise in real estate fundraising, combined with their research platform and LP relationships, makes them one of the most specialized and credible agents in the real estate segment. GPs seeking placement for non-real asset strategies would typically look to a more generalist agent.
What are Hodes Weill's placement fees?
Placement agent fees typically range from 1.5-2.5% success fee plus retainer. Contact Hodes Weill directly for current terms. Given the firm's specialization in real estate, their fee structures reflect market norms for real estate fund placement, which can differ from private equity placement conventions.
