# REALTERM TRANSPORTATION LLC

REALTERM TRANSPORTATION LLC of ANNAPOLIS, MD is an SEC-registered investment adviser.

## Registration

- CRD: 322689
- Type: SEC-registered investment adviser
- SEC file number: 801-128609
- Location: 201 WEST STREET, ANNAPOLIS, MD, 21401
- Phone: 410-280-1100
- Latest filing: 2026-05-06
- Regulatory AUM: $10.9B
- Discretionary AUM: $8.8B
- Non-discretionary AUM: $2.1B
- Clients: 265
- Accounts: 16

## Business model

- Compensation: % of AUM, Performance, Other
- Clients served: Investment cos, Other

## Officers, owners & control persons (40)

_Showing 25 of 40 people._

| Name | Role | Location |
| --- | --- | --- |
| [Peter Gideon Lesburg](https://search.stillhousedata.com/person/27736) | MANAGING DIRECTOR CAPITAL MARKETS | Annapolis, MD |
| [Kenneth S Code](https://search.stillhousedata.com/person/39474) | ACTIVE; CO-CHAIRMAN AND FOUNDER | Annapolis, MD |
| [David Rose](https://search.stillhousedata.com/person/49447) | MANAGING DIRECTOR AND FUND MANAGER RALP | New York, NY |
| [Toni Ryan](https://search.stillhousedata.com/person/76630) | FUND MANAGER, APAC | SOMERSET, NJ |
| [John Cammett](https://search.stillhousedata.com/person/99718) | ACTIVE; CO-CHAIRMAN AND FOUNDER | Westwood, MA |
| [Paul Underwood](https://search.stillhousedata.com/person/498760) | SENIOR MANAGING DIRECTOR, FUND MANAGEMENT | Baltimore, MD |
| [Robert Fordi](https://search.stillhousedata.com/person/498761) | ACTIVE; CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER | Annapolis, MD |
| [Aaron Sacks](https://search.stillhousedata.com/person/498764) | MANAGING DIRECTOR AND GENERAL COUNSEL | Annapolis, MD |
| [Jason Saul Rosenberg](https://search.stillhousedata.com/person/692298) | CHIEF COMPLIANCE OFFICER | — |
| [Balazs Lados](https://search.stillhousedata.com/person/692299) | MANAGING DIRECTOR AND FUND MANAGER RELF | — |
| [Stephen Panos](https://search.stillhousedata.com/person/692300) | MANAGING DIRECTOR AND FUND MANAGER RLIF | ANNAPOLIS, MD |
| [Edward Philip Brickley](https://search.stillhousedata.com/person/692301) | MANAGING DIRECTOR AND FUND MANAGER RLF SERIES | — |
| [Duncan Pickett](https://search.stillhousedata.com/person/692302) | PRESIDENT AND CHIEF OPERATING OFFICER | Annapolis, MD |
| [Amanda Battist](https://search.stillhousedata.com/person/692303) | CHIEF FINANCIAL OFFICER EUROPE | — |
| [Roberta Paquin](https://search.stillhousedata.com/person/692304) | CHIEF FINANCIAL OFFICER NORTH AMERICA, AND GLOBAL ACCOUNTING OFFICER | — |
| [Grayson Witmer](https://search.stillhousedata.com/person/692305) | MANAGING DIRECTOR CORPORATE DEVELOPMENT | — |
| [Alberto Radice Fossati](https://search.stillhousedata.com/person/692306) | MANAGING DIRECTOR AND FUND MANAGER RELIF | — |
| [Paul C Sisson](https://search.stillhousedata.com/person/692307) | MANAGING DIRECTOR AND HEAD OF CREDIT SOLUTIONS | — |
| [Bastian Van Halder](https://search.stillhousedata.com/person/692308) | MANAGING DIRECTOR, APAC | — |
| [Wade William Judge](https://search.stillhousedata.com/person/692309) | EXECUTIVE VICE PRESIDENT | — |
| [ROSENBERG JASON SAUL](https://search.stillhousedata.com/person/744636) | CHIEF COMPLIANCE OFFICER | — |
| [UNDERWOOD PAUL](https://search.stillhousedata.com/person/779350) | SENIOR MANAGING DIRECTOR, FUND MANAGEMENT | — |
| [JUDGE JAMES WILLIAM](https://search.stillhousedata.com/person/837458) | EXECUTIVE VICE PRESIDENT | — |
| [Lados Balazs](https://search.stillhousedata.com/person/878468) | MANAGING DIRECTOR AND FUND MANAGER RELF | — |
| [Fordi Robert](https://search.stillhousedata.com/person/878469) | ACTIVE; CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER | — |


## Private funds (13)

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| REALTERM LOGISTICS INCOME FUND, LP | Real Estate Fund | Delaware | 23 | $4.0B | $10.0M |
| REALTERM AIRPORT LOGISTICS PROPERTIES, LP | Real Estate Fund | Delaware | 17 | $1.9B | $15.0M |
| REALTERM LOGISTICS FUND IV, LP | Real Estate Fund | Delaware | 42 | $809.1M | $5.0M |
| REALTERM LOGISTICS FUND III, LP | Real Estate Fund | Delaware | 27 | $615.3M | $5.0M |
| RLIF CO-INVESTMENT FUND I, L.P. | Real Estate Fund | Delaware | 7 | $610.5M | $50.0M |
| REALTERM LOGISTICS INCOME QFPF FUND, LP | Real Estate Fund | Delaware | 7 | $525.6M | $10.0M |
| REALTERM EUROPE LOGISTICS INCOME FUND, SCSP | Real Estate Fund | Luxembourg | 4 | $369.7M | $10.0M |
| REALTERM EUROPE LOGISTICS FUND, SCSP | Real Estate Fund | Luxembourg | 4 | $343.7M | $5.0M |
| REALTERM EUROPE LOGISTICS FUND II, SCSP | Real Estate Fund | Luxembourg | 12 | $220.4M | $10.0M |
| RLIF CO-INVESTMENT FUND II, L.P. | Real Estate Fund | Delaware | 4 | $181.9M | $25.0M |
| REALTERM LOGISTICS FUND II, L.P. | Real Estate Fund | Delaware | 9 | $3.9M | $5.0M |
| REALTERM LOGISTICS FUND V, L.P. | Real Estate Fund | Delaware | 9 | — | $3.3M |
| REALTERM LOGISTICS FUND V-A, L.P. | Real Estate Fund | Delaware | 2 | — | $8K |


## Branch offices (16)

_Showing 15 of 16 offices._

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| NEW YORK | NY | 20 | 410-280-1100 |
| AMSTERDAM | — | 17 | +31207997709 |
| CHICAGO | IL | 14 | 410-280-1100 |
| EL SEGUNDO | CA | 13 | 410-280-1100 |
| BALTIMORE | MD | 4 | 410-280-1100 |
| FRANKFURT AM | — | 4 | +49 69 2573750 |
| LONDON | — | 4 | +3120888881 |
| SYDNEY | — | 4 | 61 409 302 253 |
| FT LAUDERDALE | FL | 2 | 410-280-1100 |
| DORVAL QC | — | 2 | 410-280-1100 |
| SINGAPORE | — | 1 | +65 9720 7890 |
| DALLAS | TX | 1 | 410-280-1100 |
| MONIGA DEL GARDA | — | 1 | +39 351 710 04 |
| WASHINGTON | DC | 1 | 410-280-1100 |
| PARIS | — | 1 | 011-31 20 888 |


## Fund service providers (3)

- custodian: REALTERM EUROPE LOGISTICS FEEDER FUND II, SCSP
- custodian: REALTERM EUROPE LOGISTICS INCOME FEEDER FUND, SCSP
- custodian: RLF IV FEEDER, LP

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/322689/brochure
- Similar advisers: https://search.stillhousedata.com/firm/322689/similar
- Related entities: https://search.stillhousedata.com/firm/322689/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/322689

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.