AdFi
BP

BREAKTHROUGH PROPERTIES

SEC Registered

Environments that foster innovation. Discoveries that transform lives.

LOS ANGELES, CAhttps://btprop.com213-290-3996
Assets Under Management
$1B–$5B
Employees
94
Office Locations
5 offices
Total Accounts
12

About the firm

Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital, is a global life science real estate developer, owner and operator of research and development facilities for mission-driven companies. The firm leverages cross-sector collaboration, combining Tishman Speyer's global real estate platform with Bellco Capital's biotechnology entrepreneurship, to serve the specialized needs of biotech, pharma, and academic research clients.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

Pooled Vehicles

Areas of expertise

Life Science Real EstateR&d FacilitiesBiotechPharmaAcademic ResearchLab DesignReal Estate DevelopmentSustainabilityPlacemakingGlobal Real Estate

Services

Global life science real estate investment, development, ownership, and operation of research and development facilities, including lab design and construction, portfolio management, acquisitions and development, and operational excellence for life science communities.

Private funds / alternatives
Real Estate

Who they serve

Multinational firms, life science startups, biotech, pharma, and academic research clients.

Client segmentClientsAssets managed
Pension/Profit Sharing Plans12$2.7B

0 total clients reported on Form ADV.

Leadership

Bellco Breakthrough Operator Llc
MEMBER MANAGER
L.l.c. Tsp Breakthrough Services
MEMBER MANAGER
Bbpo Operator Holdings Llc
MEMBER MANAGER
Bellco Breakthrough Operator Holdings Llc
MEMBER MANAGER
Seaview Trust (d.c.) Irrevocable
TRUST
Bellco Breakthrough Holdings Llc
MEMBER MANAGER
Bellco Real Estate Llc
MEMBER MANAGER
Bellco Capital Llc
MEMBER MANAGER
L.p. Tishman Speyer Properties
MEMBER MANAGER
Inc. Tishman Speyer Properties
GENERAL PARTNER
Inc. Speyer Limited Partner Co.
LIMITED PARTNER
Jerry Irving Speyer
CHAIRMAN
Robert Jeffrey Speyer
PRESIDENT, CHIEF EXECUTIVE OFFICER
Rebecka Belldegrun
TRUSTEE
Joshua Avrom Kazam
TRUSTEE
Belldegrun Family Trust
TRUST
Arie Belldegrun
TRUSTEE
Daniel Belldegrun
CHIEF EXECUTIVE OFFICER
Lesley Su-Lu Chao
CHIEF COMPLIANCE OFFICER AND SVP FUND OPERATIONS
Hanna Ackerman
TRUSTTEE

Office locations

5 offices in 3 states
CA
LOS ANGELESHQ
NY
NEW YORK
MA
BOSTON
CA
SAN DIEGO
LONDON

Regulatory & compliance

CRD number
#309668
SEC Number
801-119412
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Performance-based / Other
Minimum: $25,000,000 (waivable)

Data as of March 31, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. BREAKTHROUGH PROPERTIES has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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BREAKTHROUGH PROPERTIES in LOS ANGELES, CA | AdvisorFinder