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EDGAR Verified
Primary Source · SEC.gov

TWO SIGMA REAL ESTATE OPPORTUNITY FUND (B), LP

CIK 0002048162Fund Vehicle2025 vintage506(b), 3(c)
TWO SIGMA REAL ESTATE OPPORTUNITY FUND (B), LP

Raised

$231M

Investors

3

Min Invest

$0

AltStreet Analysis

·

Generated from EDGAR primary sources

TWO SIGMA REAL ESTATE OPPORTUNITY FUND (B), LP is a Delaware limited partnership filing under Rule 506(b) and Section 3(c) exemptions. This amended filing reports $231.4M raised from 3 investors with no stated minimum investment. The fund is promoted by Two Sigma Real Estate entities and lists five executive officers including Rich Gomel, Steve Metzger, Scott Hoffman, Carter Lyons, and Roman Berger.

This real estate pooled investment fund uses the 506(b) private placement exemption typical of institutional or high-net-worth offerings. The $0 stated minimum combined with only 3 investors and a $231.4M raise suggests very large institutional check sizes averaging $77M per investor, characteristic of institutional separate account or anchor investor structures rather than broad retail distribution.

Data Flags

minimumInvestment$0 stated minimum with $231.4M raised from only 3 investors results in ~$77M average investment per investor, indicating sophisticated institutional capital rather than retail access
investorCountOnly 3 investors for a $231.4M fund is highly concentrated, suggesting anchor investors or institutional separate accounts rather than typical fund distribution

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002048162
Entity NameTWO SIGMA REAL ESTATE OPPORTUNITY FUND (B), LP
Exemption506(b), 3(c)
First Sale Date—
Filing DateDecember 23, 2025
Accession Number0002048162-25-000002
Total Amount Sold$231M
Total Investors3
Minimum Investment$0 (no stated minimum)
Securities TypeEquity, Pooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A TWO SIGMA REAL ESTATE, LP

Promoter · NEW YORK, NY

N/A TWO SIGMA REAL ESTATE GP, LP

Promoter · NEW YORK, NY

RICH GOMEL

Executive Officer · NEW YORK, NY

STEVE METZGER

Executive Officer · NEW YORK, NY

SCOTT HOFFMAN

Executive Officer · NEW YORK, NY

CARTER LYONS

Executive Officer · NEW YORK, NY

ROMAN BERGER

Executive Officer · NEW YORK, NY

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.