Clients
Blackstone Property Advisors serves 116 clients, 89 of them pooled investment vehicles. The average client has about $667 million with the firm.
- Pooled investment vehicles89 clients100%
- State or municipal government entities0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 89 | $77,057,700,320 | 99.6% | $865.8M |
| State or municipal government entities | Not reported | $337,867,510 | 0.4% | — |
| Insurance companies | 27 | $0 | 0.0% | $0 |
| Total | 116 | $77,395,567,830 | 100% | $667.2M |
- Clients
- 89
- Regulatory AUM
- $77,057,700,320
- Share
- 99.6%
- Avg. per client
- $865.8M
- Clients
- Not reported
- Regulatory AUM
- $337,867,510
- Share
- 0.4%
- Avg. per client
- —
- Clients
- 27
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 116
- Regulatory AUM
- $77,395,567,830
- Share
- 100%
- Avg. per client
- $667.2M
What it does
Blackstone Property Advisors provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Blackstone Property Advisors advises 78 private funds.
74.6% of assets ($57.71B across 87 accounts) are managed with discretion; $19.69B across 1 account is not. 34% of clients are outside the U.S., and 30 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds70%
- Other30%
- Investments in real estate30%
Custodians
Blackstone Property Advisors has custody of client assets.
- All other custodians$77.40B100%
Ownership and leadership
Blackstone Intermediary Holdco L.L.C owns 75% or more of Blackstone Property Advisors.
- Owns 75% or more of Blackstone Property Advisors L.P.
Blackstone Intermediary Holdco L.L.C
Control person · since January 2024
- Owns 75% or more of Blackstone Property Advisors L.P.
Blackstone Intermediary Holdco L.L.C.
Control person · since July 2011
- Owns 75% or more of Blackstone Intermediary Holdco L.L.C.
Blackstone Securities Partners L.P.
Control person · since July 2011
- Owns 75% or more of Blackstone Securities Partners L.P.
Blackstone Group Holdings L.P.
Control person · since July 2011
- Owns 75% or more of Blackstone Group Holdings L.P.
Blackstone Holdings I L.P.
Control person · since July 2011
Blackstone Holdings I/II GP LLC
General partner · Control person · since June 2007
- Owns 75% or more of Blackstone Holdings I/II GP LLC
Blackstone Inc.
Control person · since June 2007
Leadership
- Brett NewmanReal Estate Chief Financial Officer
- Madeleine RussoChief Compliance Officer
- Katharine KeenanGlobal Head of Core+ Real Estate
- Nadeem MeghjiGlobal Head of Real Estate
- Carey RobertsGeneral Counsel of Real Estate
Staff
- 575 employees
- 391 in advisory functions
- 28 broker-dealer reps
Fees
Blackstone Property Advisors is paid through a percentage of assets under management and performance-based fees.
Blackstone Property Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Blackstone Property Advisors has 14 offices, with 4 listed addresses across 3 states.
California · 2 listed addresses
- 100 Wilshire Boulevard, Suite 200, Santa Monica
- 101 California Street, 44th Floor, San Francisco
Florida · 1 listed address
- 2 Miami Central, 700 NW 1st Ave, Miami
New York · 1 listed address
- 345 Park Avenue, New YorkHQ
Registration details
- Legal name
- Blackstone Property Advisors L.P.
- Headquarters
- 345 Park Avenue, New York, NY 10154
- Phone
- 212-583-5000
- Website
- www.blackstone.com
- SEC file
- 801-96259
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Blackstone Property Advisors have?
Blackstone Property Advisors has 116 clients and manages $77.4 billion for them, as of September 2026. They include 89 pooled investment vehicles and 27 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 September 2026
What services does Blackstone Property Advisors offer?
Blackstone Property Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Blackstone Property Advisors have?
Blackstone Property Advisors has 0 investment adviser representatives registered with state securities authorities, out of 575 employees, and 391 perform investment advisory functions. 28 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Blackstone Property Advisors invest in?
At the end of its last fiscal year, Blackstone Property Advisors’ separately managed accounts held 70% pooled vehicles (private funds and similar) and 30% investments in real estate. It advises 78 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blackstone Property Advisors?
Blackstone Property Advisors is owned through a chain of holding companies by Blackstone Inc. Its direct owners are Blackstone Intermediary Holdco L.L.C (75% or more) and Blackstone Intermediary Holdco L.L.C. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 September 2026
How does Blackstone Property Advisors get paid?
Blackstone Property Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file