DRA Advisors is a New York–based registered investment advisor specializing in value-added real estate investments across the United States. Founded in 1986, the firm manages approximately $11.1 billion in assets as of December 31, 2024, focusing on office, industrial, retail, multifamily, and life science properties. DRA employs a conservative yet adaptive investment strategy, acquiring underperforming or mispriced assets and enhancing their value through active management and strategic repositioning. The firm has raised approximately $14 billion across 12 funds and co-investment vehicles since its first commingled fund in 1995.