# Blackstone Real Estate Advisors V

Blackstone Real Estate Advisors V is a Bank / Wealth / Trust based in New York, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** blackstone.com
- **LinkedIn:** linkedin.com/company/blackstone-real-estate-advisors-europe-lp

## Regulatory record

- **CRD number:** 142979
- **SEC file number:** 801-67509
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/142979

## About

Blackstone Real Estate Advisors V 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.

## Sectors

- Real Estate

## People

- Nadeem Meghji — Global Co-Head of Blackstone Real Estate
- Kathleen McCarthy — Global Co-Head of Blackstone Real Estate

## Questions

### Who runs investment decisions at Blackstone Real Estate?

Nadeem Meghji and Kathleen McCarthy serve as Global Co-Heads of Blackstone Real Estate, sharing responsibility for the platform's investment committees and strategic direction. Meghji additionally oversees global real estate credit following a 2024 leadership consolidation. The Real Estate group ultimately reports to Blackstone President Jon Gray, who led the property division before his 2018 elevation.

### Is BREIT a separate entity from the main Blackstone Real Estate funds?

Yes. The Blackstone Real Estate Income Trust (BREIT) is a non-traded, semi-liquid perpetual vehicle designed for individual investors, distinct from the institutional closed-end Blackstone Real Estate Partners (BREP) fund series. BREIT imposes quarterly redemption caps — a feature tested in late 2022 when withdrawal requests exceeded limits, leading Blackstone to gate redemptions continuously through 2024. The vehicle's structure gives Blackstone a permanent capital base to hold assets beyond the 10-year life of a traditional closed-end fund.

### Which property sectors does Blackstone Real Estate currently favor?

As of 2024, Blackstone Real Estate concentrates the majority of its equity deployment on logistics warehouses, rental housing (multifamily and student housing), data centers, and life-sciences office properties. The group has materially reduced its exposure to traditional US office buildings, which now represent less than 2% of its owned real estate portfolio, down from over 60% at its 2007 peak. The pivot accelerated after the pandemic-era normalization of remote work.

### Does Blackstone Real Estate invest outside the United States?

Yes, and at significant scale. The group operates dedicated real estate funds for Europe and Asia, with major offices in London, Hong Kong, Mumbai, and Singapore. The UK and Germany represent its largest European exposures, while Japan is the primary Asian market for opportunistic equity. Its European logistics platform, Logicor, was sold in 2017 for €12.25B, and the group has since rebuilt a substantial European portfolio through Mileway, which it recapitalized in 2021 at a €21B valuation.

### What happened to Blackstone Real Estate's exposure during the 2020 pandemic?

During the initial 2020 market dislocation, Blackstone Real Estate drew on its perpetual capital vehicles and record dry powder to acquire distressed assets and rescue over-levered owners, echoing its playbook from the 2008–2009 crisis. The group deployed approximately $27B in real estate in 2021 alone, capturing assets at discounts from forced sellers while public REITs were still recovering. This countercyclical deployment was enabled by BREIT's perpetual structure and the firm's ability to write large equity checks without financing contingencies.

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

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