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Blackstone Real Estate Special Situations Advisors L.L.C.
Blackstone Real Estate Special Situations Advisors L.L.C. is a Blackstone subsidiary focused on distressed and opportunistic property investments globally.
Blackstone Real Estate Special Situations Advisors L.L.C.
BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2008. The firm manages $69.8 billion in assets, with $69.7 billion on a discretionary basis. It has 255 employees and 134 investment advisers.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
Location
Region
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Country
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City
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Corporate office
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Frequently asked questions
Who runs investment decisions at Blackstone Real Estate Special Situations Advisors L.L.C.?
Investment decisions are overseen by Blackstone's Real Estate global co-heads, Jonathan Gray and Kathleen McCarthy, who lead the broader platform of over 550 real estate professionals. Day-to-day special situations are managed by a team led by Fred Richardson as head of real estate special situations. (Per Blackstone, 2024).
How does Blackstone Real Estate Special Situations Advisors L.L.C. source proprietary deal flow?
The entity leverages Blackstone's global presence and relationships with over 1,000 institutional investors. Deal flow comes from distressed seller negotiations, off-market transactions, and Blackstone's deep industry network. Public records indicate a strong pipeline from fund-level co-investments (per The Wall Street Journal, 2023).
Is Blackstone Real Estate Special Situations Advisors L.L.C. a single family office or does it operate more like a venture firm?
It operates as a special-purpose vehicle within Blackstone, a publicly traded asset manager. It is neither a family office nor a venture firm—it is a structured fund focused on distressed real estate opportunities.
Does Blackstone Real Estate Special Situations Advisors L.L.C. participate in fund commitments or only direct deals?
The entity likely uses a combination of fund and direct investments. Blackstone typically invests alongside its funds, committing 1-5% of the fund's capital (per SEC filings). Direct deals are common in special situations due to illiquid assets.
What investment stages does Blackstone Real Estate Special Situations Advisors L.L.C. typically target?
The entity targets opportunistic and value-add stages, including distressed single assets, portfolios, and corporate-level transactions in the real estate sector. It focuses on assets requiring significant repositioning.
Which sectors does Blackstone Real Estate Special Situations Advisors L.L.C. explicitly avoid?
Publicly available information does not specify excluded sectors. However, Blackstone's broader Real Estate group avoids property types like ground-up development and raw land, preferring assets with cash-flow potential that require operational improvements (per Blackstone's investor materials).
Does Blackstone Real Estate Special Situations Advisors L.L.C. maintain philanthropic structures, and how are they separated?
No separate philanthropic structures are publicly attached to this entity. Philanthropic activities occur through the broader Blackstone Charitable Foundation, which is operationally separate from investment vehicles.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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