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Blackstone Real Estate Advisors LP
BLACKSTONE REAL ESTATE ADVISORS L.P. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2007. The firm manages approximately $130.7...
Blackstone Real Estate Advisors LP
BLACKSTONE REAL ESTATE ADVISORS L.P. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2007. The firm manages approximately $130.7 billion in assets. It has 547 employees and 363 investment advisers.
General information
Firm type
Asset Manager
Year founded
1985
AUM
$1.3 Trillion
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London · Hong Kong · Singapore · Tokyo · San Francisco · Los Angeles · Mumbai · Sydney · Dubai · São Paulo · Milan · Paris · Frankfurt · Madrid · Luxembourg · Dublin
Principals
Jonathan Gray
President and Chief Operating Officer
Kathleen McCarthy
Global Co-Head of Real Estate
Nadeem Meghji
Global Co-Head of Real Estate
Sector focus
Frequently asked questions
Who runs investment decisions at Blackstone Real Estate Advisors?
Jonathan Gray, President and COO of Blackstone, oversees the real estate platform. Global Co-Heads Kathleen McCarthy and Nadeem Meghji manage day-to-day investment operations across opportunistic, core-plus, debt and listed strategies.
How does Blackstone Real Estate source its deals?
The platform sources through a global team of over 300 acquisitions professionals, proprietary data analytics, recurring capital from permanent vehicles like BREIT, and long-standing relationships with owners, developers and intermediaries worldwide.
Is Blackstone Real Estate structured as a single fund or a multi-strategy platform?
It operates as a multi-strategy platform with four distinct verticals: opportunistic funds (BREP series), core-plus funds (BPP series), real estate debt funds (BREDS) and permanent capital vehicles (BREIT, a non-traded REIT).
Does Blackstone Real Estate invest in fund commitments or only direct deals?
The platform primarily invests directly in assets and portfolios through its flagship funds. It also runs a co-investment program allowing select LPs to participate alongside Blackstone's own capital.
What investment stages does Blackstone Real Estate typically target?
The opportunist funds target value-add and distressed assets requiring operational improvement or repositioning. Core-plus vehicles seek stabilized cash-flowing properties. Debt strategies provide mezzanine and senior financing. BREIT focuses on core real estate for individual investors.
Which sectors does Blackstone Real Estate explicitly focus on?
Key sectors include logistics, life sciences and healthcare real estate, data centers, hospitality, multifamily, student housing and self-storage. The firm has reduced allocation to traditional office and retail in recent years.
How is Blackstone Real Estate related to Blackstone Inc.?
Blackstone Real Estate Advisors LP is a wholly owned operating business of Blackstone Inc., the publicly traded alternative asset manager listed on the NYSE under ticker BX. The real estate platform contributes a significant portion of Blackstone's total AUM and fee income.
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