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BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.
CRD 146043File 801-68749
APPROVED
Custody
Filing as of Sep 8, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$69.98B
Top 10% of cohort (national)
Discretionary AUM
$69.87B
Non-discretionary $111.2M
Clients
70
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://www.blackstone.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $69.98B
- Discretionary AUM
- $69.87B
- Non-discretionary AUM
- $111.2M
- Discretionary accounts
- 96
- Non-discretionary accounts
- 1
- Total accounts
- 97
- AUM per client
- $999.7M
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 | $20.55B |
| Business development companies | 1 | $1.58B |
| State or municipal government entities | Fewer than 5 | $382.6M |
Compensation & activities
ADV Items 5E, 5GCompensation
- 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 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Sep 9, 2026 | AUM | $69,786,085,949 | $69,982,015,595 | increased by$195,929,646 |
| Apr 1, 2026 | Employees | 273 | 255 | decreased by18 |
| Apr 1, 2026 | Clients | 75 | 70 | decreased by5 |
| Apr 1, 2026 | AUM | $64,262,511,968 | $69,786,085,949 | increased by$5,523,573,981 |
| Apr 1, 2026 | Accounts | 80 | 97 | increased by17 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 299 | 273 | decreased by26 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 32 | 75 | increased by43 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $50,021,601,506 | $64,262,511,968 | increased by$14,240,910,462 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 32 | 80 | increased by48 |
| May 1, 2022 | Employees | 229 | 299 | increased by70 |
| May 1, 2022 | Clients | 40 | 32 | decreased by8 |
| May 1, 2022 | AUM | $24,292,316,297 | $50,021,601,506 | increased by$25,729,285,209 |
| May 1, 2022 | Accounts | 41 | 32 | decreased by9 |
| Jul 1, 2021 | AUM | $24,291,677,721 | $24,292,316,297 | increased by$638,576 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BLACKSTONE REAL” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BLACKSTONE REAL” may also match similarly-named firms). Confirm identity against each filing.
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.