{"url":"https://nivawealth.com/firms/blackstone-real-estate-special-situations-advisors-146043","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/146043","regulatoryAum":69982015595,"crd":"146043","secFileNumber":"801-68749","legalName":"Blackstone Real Estate Special Situations Advisors L.L.C.","displayName":"Blackstone Real Estate Special Situations Advisors","website":"https://www.blackstone.com","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"345 Park Avenue","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10154"},"tradeNames":[],"registration":{"secApproved":"15 January 2008","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":255,"advisory":134,"brokerDealerReps":22,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":69870826102,"discretionaryAccounts":96,"nonDiscretionary":111189493,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":55,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":157668974},{"label":"Business development companies","clients":1,"regulatoryAum":1577780000},{"label":"Pooled investment vehicles","clients":38,"regulatoryAum":20548554258},{"label":"State or municipal government entities","clients":null,"regulatoryAum":382569428},{"label":"Insurance companies","clients":30,"regulatoryAum":47204253442},{"label":"Corporations and other businesses","clients":0,"regulatoryAum":111189493}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bank of New York Mellon Corporation","shortName":"Bank of New York Mellon","location":"Greenwich, CT","smaAssets":8235309637},{"name":"Citibank","shortName":"Citibank","location":"New York, NY","smaAssets":38575798221}],"custodyNote":"Blackstone Real Estate Special Situations Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Brett Newman","title":"Real Estate Chief Financial Officer","crd":"5348170"},{"name":"Brian Kim","title":"Global Chief Operating Officer of Blackstone Real Estate Debt Strategies","crd":"8217583"},{"name":"Scott Mathias","title":"Chief Compliance Officer","crd":"6622618"},{"name":"Timothy Johnson","title":"Global Head of Blackstone Real Estate Debt Strategies","crd":"4568908"},{"name":"Nadeem Meghji","title":"Global Head of Real Estate","crd":"4981585"},{"name":"Carey Roberts","title":"General Counsel of Real Estate","crd":"8339868"}],"ownership":[{"label":"Blackstone Holdings I L.P.","detail":"Managing member in the 75% or more ownership band and a control person, since December 2007."},{"label":"Blackstone Holdings I/II GP LLC","detail":"Indirect owner: general partner of Blackstone Holdings I L.P. and a control person, since June 2007.","parent":"Blackstone Holdings I L.P."},{"label":"Blackstone Inc.","detail":"Indirect owner: a sole member of Blackstone Holdings I/II GP LLC in the 75% or more band and a control person, since June 2007.","parent":"Blackstone Holdings I/II GP LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"100 Wilshire Boulevard, Suite 200","city":"Santa Monica"}]},{"state":"New York","offices":1,"addresses":[{"street":"345 Park Avenue","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-583-5000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Mid-Year: 100%-  Other - Mortgage Backed Securities; Residential Mortgage Trust; Commercial Mortgage, Single Family Residential, Multifamily Residential, Retail, and Office Loans; End of Year: 100%-  Other - Mortgage Backed Securities; Residential Mortgage Trust; Commercial Mortgage, Single Family Residential, Multifamily Residential, Retail, and Office Loans"}],"privateFunds":20},"sources":{"adv1FilingDate":"8 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/146043/PDF/146043.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Blackstone Real Estate Special Situations Advisors have?","answer":"Blackstone Real Estate Special Situations Advisors has 70 clients and manages $70 billion for them, as of September 2026. They include 38 pooled investment vehicles, 30 insurance companies and 1 investment companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 8 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blackstone Real Estate Special Situations Advisors offer?","answer":"Blackstone Real Estate Special Situations Advisors provides portfolio management for investment companies, 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Blackstone Real Estate Special Situations Advisors use?","answer":"Blackstone Real Estate Special Situations Advisors’ separately managed account assets are held at Citibank (New York, NY), with $38,575,798,221 and Bank of New York Mellon Corporation (Greenwich, CT), with $8,235,309,637. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Blackstone Real Estate Special Situations Advisors have?","answer":"Blackstone Real Estate Special Situations Advisors has 0 investment adviser representatives registered with state securities authorities, out of 255 employees, and 134 perform investment advisory functions. 22 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Blackstone Real Estate Special Situations Advisors invest in?","answer":"At the end of its last fiscal year, Blackstone Real Estate Special Situations Advisors’ separately managed accounts held 100% mid-year: 100%-  other - mortgage backed securities; residential mortgage trust; commercial mortgage, single family residential, multifamily residential, retail, and office loans; end of year: 100%-  other - mortgage backed securities; residential mortgage trust; commercial mortgage, single family residential, multifamily residential, retail, and office loans. It advises 20 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Blackstone Real Estate Special Situations Advisors?","answer":"Blackstone Real Estate Special Situations Advisors is owned through a chain of holding companies by Blackstone Inc. Its direct owner is Blackstone Holdings I L.P. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 8 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blackstone Real Estate Special Situations Advisors get paid?","answer":"Blackstone Real Estate Special Situations 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}