# Blackstone Property Advisors L.P.

Blackstone Property Advisors L.P. is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 226598
- **SEC file number:** 801-96259
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/226598

## About

BLACKSTONE PROPERTY ADVISORS L.P. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2015. The firm manages $77.4 billion in assets, with $57.7 billion on a discretionary basis. It has 575 employees and 391 investment advisers.

## Sectors

- Real Estate

## Questions

### How does Blackstone Property Advisors source proprietary deal flow?

Sourcing is driven by Blackstone's global platform of over 1,200 real estate professionals across 12 offices, which provides on-the-ground market intelligence and relationships with developers, operators, and financial institutions. The firm uses data-driven analytics to identify dislocated assets, often targeting sectors like logistics and rental housing where secular trends support demand. Proprietary negotiations on large portfolios, such as the $39B Equity Office Properties acquisition, demonstrate the scale of its sourcing capability.

### What investment stages does Blackstone Property Advisors typically target?

The firm targets a full spectrum of real estate life cycles, from distressed acquisitions and recapitalizations to stabilized core assets. Its opportunistic funds seek value-add and turnaround situations globally, while core-plus funds focus on income-producing properties with long-term leases in liquid markets. Debt strategies include first mortgages, mezzanine loans, and CMBS.

### How is Blackstone Property Advisors related to Blackstone Inc. and its other advisory entities?

Blackstone Property Advisors L.P. is a wholly-owned subsidiary and registered investment adviser of Blackstone Inc., distinct from the firm's private equity, credit, and hedge fund advisory units. Its professionals are collectively part of Blackstone's real estate group, which operates as an integrated business line. The entity files Form ADV with the SEC, detailing its advisory activities for Blackstone's real estate funds.

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Last updated: 2026-06-03T20:00:00.000Z

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