BLACKSTONE PROPERTY ADVISORS L.P.

CRD 226598File 801-96259

APPROVED

Custody

Filing as of Sep 8, 2026

Feed vintage Oct 1, 2026

Regulatory AUM

$77.40B

Top 10% of cohort (national)

Discretionary AUM

$57.71B

Non-discretionary $19.69B

Clients

116

88 accounts

Employees

575

Top 10% of cohort in NY

Identity & registration

ADV Item 1

Organization form: Limited Partnership
Firm type: Registered
SEC region: NYRO
Registration date: May 13, 2015
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: $77.40B
Discretionary AUM: $57.71B
Non-discretionary AUM: $19.69B
Discretionary accounts: 87
Non-discretionary accounts: 1
Total accounts: 88
AUM per client: $667.2M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Insurance companies	27	Not reported
Pooled investment vehicles	89	$77.06B
State or municipal government entities	Fewer than 5	$337.9M

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 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	Change
Apr 1, 2026	Employees	651	575	decreased by76
Apr 1, 2026	Clients	68	116	increased by48
Apr 1, 2026	AUM	$73,620,371,498	$77,395,567,830	increased by$3,775,196,332
Apr 1, 2026	Accounts	67	88	increased by21
May 1, 2025 vs Oct 1, 2022	Employees	633	651	increased by18
May 1, 2025 vs Oct 1, 2022	Clients	61	68	increased by7
May 1, 2025 vs Oct 1, 2022	AUM	$69,308,634,169	$73,620,371,498	increased by$4,311,737,329
May 1, 2025 vs Oct 1, 2022	Accounts	62	67	increased by5
Apr 1, 2022	Employees	544	633	increased by89
Apr 1, 2022	Clients	59	61	increased by2
Apr 1, 2022	AUM	$47,664,762,694	$69,308,634,169	increased by$21,643,871,475
Apr 1, 2022	Accounts	60	62	increased by2
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 PROPERTY” as a service provider on 5500mcp →

Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BLACKSTONE PROPERTY” 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.