Asset manager · New York, NY
Blackstone Real Estate Special Situations Advisors L.L.C.
SEC-registered investment adviser · CRD 146043 · SEC 801-68749
At a glance
Blackstone Real Estate Special Situations Advisors L.L.C. is an SEC-registered investment adviser based in New York, New York, with $70.0 billion in regulatory assets under management as of its Form ADV filed September 8, 2026. Its largest client group by assets is insurance companies. By Form ADV it is a asset manager, ranked 172nd of 3,218 asset managers and 348th of 17,210 SEC-registered advisers by assets.
Main office 212-583-5000blackstone.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $70B
- Rank among asset managers
- #172 of 3,218
- Rank among all SEC RIAs
- #348 of 17,210
- Rank in New York
- #92 of 2,591
- Clients
- 70
- Accounts
- 97
- Discretionary
- 100% of AUM
- Employees
- 255
- Advisory staff
- 134
- Offices
- 7
Owners and executives on its Form ADV
- Scott A. MathiasChief Compliance Officer
- Timothy S. JohnsonGlobal Head of Blackstone Real Estate Debt Strategies
- Nadeem N. MeghjiGlobal Head of Real Estate
- Brett D NewmanReal Estate Chief Financial Officer
- Brian K. KimGlobal Chief Operating Officer of Blackstone Real Estate Debt Strategies
- Carey S. RobertsGeneral Counsel of Real Estate
Custody and brokerage
Broker-dealer
Hybrid RIA
Blackstone Real Estate Special Situations Advisors L.L.C. is a hybrid RIA: 22 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Blackstone Securities Partners L.P., Currencies Direct LTD and Everlake Distributors, L.L.C..
- Blackstone Securities Partners L.P. ↗CRD 17917
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Currencies Direct LTD
- Everlake Distributors, L.L.C.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Insurance companies | 30 | $47B | 67% |
| Pooled investment vehicles | 38 | $21B | 29% |
| Business development companies | 1 | $1.6B | 2% |
| State or municipal government entities | – | $383M | <1% |
| Investment companies | 1 | $158M | <1% |
| Corporations or other businesses | – | $111M | <1% |
Private funds
Blackstone Real Estate Special Situations Advisors L.L.C. reports 20 private funds with $19B in gross assets: hedge funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Blackstone Real Estate Special Situations Advisors L.L.C. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗blackstone.com ↗
AtlasMembers
The full record on Blackstone Real Estate Special Situations Advisors L.L.C.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Rank against 275 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Blackstone Real Estate Special Situations Advisors L.L.C. manage?
Blackstone Real Estate Special Situations Advisors L.L.C. reports $70.0 billion in regulatory assets under management across 97 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 8, 2026.
What kind of firm is Blackstone Real Estate Special Situations Advisors L.L.C.?
Blackstone Real Estate Special Situations Advisors L.L.C. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Blackstone Real Estate Special Situations Advisors L.L.C.’s clients?
By assets, its largest client types are insurance companies ($47.2 billion, 30 clients); pooled investment vehicles ($20.5 billion, 38 clients); business development companies ($1.6 billion, 1 clients).
Does Blackstone Real Estate Special Situations Advisors L.L.C. manage private funds?
Yes. It reports 20 private funds with $19.5 billion in gross assets, including hedge funds, real estate funds.
Does Blackstone Real Estate Special Situations Advisors L.L.C. have any disciplinary history?
Blackstone Real Estate Special Situations Advisors L.L.C. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Blackstone Real Estate Special Situations Advisors L.L.C.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-08), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →