BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.

CRD 146043File 801-68749

APPROVED

Custody

Filing as of Mar 30, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$69.79B

Top 10% of cohort (national)

Discretionary AUM

$69.67B

Non-discretionary $111.2M

Clients

97 accounts

Employees

255

Top 10% of cohort in NY

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: NYRO
Registration date: Jan 15, 2008
Principal office: 345 PARK AVENUE, NEW YORK, NY, 10154
Phone: 212-583-5000
Website: https://soundcloud.com/blackstone-300250613

Assets & accounts

ADV Item 5F

Total regulatory AUM: $69.79B
Discretionary AUM: $69.67B
Non-discretionary AUM: $111.2M
Discretionary accounts: 96
Non-discretionary accounts: 1
Total accounts: 97
AUM per client: $996.9M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	Fewer than 5	$111.2M
Insurance companies	30	$47.20B
Investment companies	1	$157.7M
Pooled investment vehicles	38	$20.35B
Business development companies	1	$1.58B
State or municipal government entities	Fewer than 5	$382.6M

Compensation & activities

ADV Items 5E, 5G

Compensation

Performance-based fees
A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for investment companies
Portfolio management for pooled investment vehicles

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.