DRA Advisors is a New York-based real estate investment advisor founded in 1985 by David Luski. The firm manages capital through commingled funds for institutional and private investors, including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. DRA operates with offices in New York, Miami, and San Francisco, employing a value-add investment strategy across the office, retail, multifamily, and industrial sectors throughout the continental United States. The firm currently manages properties across 35 states, with $13.2 billion in assets under management as of March 31, 2026. DRA's portfolio is concentrated in industrial assets, which accounts for over 51 million square feet across 29 states. The firm also holds office properties totaling 10.8 million square feet, retail properties totaling 12.0 million square feet, and multifamily properties comprising 16,421 units. Since inception, DRA has acquired approximately 2,300 properties valued at approximately $44 billion. In 2024, DRA closed its largest fund to date, DRA Growth & Income Fund XI, raising $2.28 billion from over 60 investors across North America, Europe, and Asia-Pacific. The fund targets value-add opportunities and distressed situations across all four asset classes. DRA has established active joint venture partnerships with operators including DLC Management, Flynn Properties, and others to execute large-scale retail and office acquisitions.