Blackstone Real Estate Special Situations Advisors L.L.C. (New York)

Name: Blackstone Real Estate Special Situations Advisors L.L.C.
Address: 345 Park Avenue, New York, NY, 10154
Telephone: 212-583-5000

Blackstone Real Estate Special Situations Advisors L.L.C. is a large advisory firm based in New York. It manages $14.19 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of California.

Blackstone Real Estate Special Situations Advisors L.L.C provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackstone Real Estate Special Situations Advisors L.L.C: assets under management

The assets under management (AUM) of Blackstone Real Estate Special Situations Advisors L.L.C. is $14.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 12499% since the beginning of its operation, and $3.44 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $417.23 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackstone Real Estate Special Situations Advisors L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hamilton Evans James serves?

The only and largest group of clients of Hamilton Evans James is pooled investment vehicles with 33 clients and $11.67 billion of assets under management. Among the 8 most similar advisory firms, Blackstone Real Estate Special Situations Advisors L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $11.67 billion for 33 clients. 61% of the firm’s clients are foreign persons or businesses.

Blackstone Real Estate Special Situations Advisors L.L.C also advises several private funds. Namely, five hedge funds and eighteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Blackstone Real Estate Special Situations Advisors L.L.C.

The company employs 138 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Hamilton Evans James has been acting as President since 1 Dec 2007. Kathleen Theresa Mccarthy Baldwin joined the executive team most recently as the Global Co Head Of Real Estate.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan David Gray	Global head of real estate	1 Jan 2006	Other	2289544
Michael Bruce Nash	Chief investment officer of registrant and each relying adviser	1 Dec 2007	Other	3078244
Blackstone Holdings I L.P.	Managing member of registrant and each relying adviser	1 Dec 2007	75% - 100%	26-0288589
Stephen Allen Schwarzman	Chairman & ceo	1 Dec 2007	Other	861435
Peter George Peterson	Senior chairman	1 Dec 2007	Other	803568
Robert Laurence Friedman	Chief legal officer	1 Dec 2007	Other	3222081
Michael A. (Mi Only) Puglisi	Chief financial officer	1 Dec 2007	Other	2526926
Hamilton Evans James	President	1 Dec 2007	Other	821911
Peter David Koffler	Chief compliance officer	1 Dec 2007	Other	1749876
Randall Scott Rothschild	Chief operating officer of registrant and each relying adviser	1 May 2008	Other	4944893
Garrett Heath Goldberg	Chief financial officer of blackstone real estate special situations advisors l.l.c.	1 May 2008	Other	3059048
Laurence Anthony Tosi	Chief financial officer of the blackstone group l.p.	1 Sep 2008	Other	4876604
Judy Turchin	General counsel and chief compliance officer of registrant and each relying adviser	1 Sep 2010	Other	5421525
John Gary Finley	Chief legal officer	1 Sep 2010	Other	5837491
Jonathan David Gray	Global head of real estate	1 Jan 2011	Other	2289544
Blackstone Intermediary Holdco L.L.C.	Sole member	1 Jul 2011	75% - 100%	45-2537313
Blackstone Real Estate Special Situations Advisors L.L.C.	Sole member of bxmt advisors l.l.c.	1 Nov 2012	75% - 100%	26-1699805
Paul Daniel Quinlan	Chief financial officer of registrant and each relying adviser	1 Jan 2014	Other	4165998
Paul Daniel Quinlan	Global real estate chief financial officer	1 Jan 2015	Other	4165998
Kathleen T. Mccarthy Baldwin	Global real estate chief operating officer	1 Jan 2015	Other	3243119
Kenneth Alan Caplan	Global real estate chief investment officer	1 Jan 2015	Other	2649076
Kathleen Theresa Mccarthy Baldwin	Global real estate chief operating officer	1 Jan 2015	Other	3243119
Michael Bruce Nash	Global head of blackstone real estate debt strategies	1 Jul 2015	Other	3078244
Jonathan Lee Pollack	Chief investment officer of registrant and each relying adviser	1 Jul 2015	Other	4016347
Farhad Mawji Karim	Global real estate general counsel	1 Jan 2017	Other	6773840
Leonid Volchyok	Global real estate chief compliance officer of registrant and the relying adviser	1 Sep 2017	Other	6255368
Patrick John Kassen	Chief compliance officer	1 Dec 2017	Other	6179188
Kathleen Theresa Mccarthy Baldwin	Global co-head of real estate	1 Feb 2018	Other	3243119
Kenneth Alan Caplan	Global co-head of real estate	1 Feb 2018	Other	2649076

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Blackstone Group L.P.	Shareholder	1 Jun 2007	75% - 100%	20-8875684
Blackstone Holdings I/Ii Gp Llc	General partner	1 Jun 2007	Other	26-0238303
The Blackstone Group Inc.	Sole member	1 Jun 2007	75% - 100%	20-8875684
Blackstone Holdings I / Ii Gp Inc.	General partner	1 Dec 2007	Other	26-0238303
Blackstone Advisory Partners L.P.	Sole member	1 Jul 2011	75% - 100%	17917
Blackstone Group Holdings L.P.	Limited partner	1 Jul 2011	75% - 100%	13-3492074
Blackstone Advisory Services L.L.C.	General partner	1 Jul 2011	Other	26-1124704
Blackstone Holdings I L.P.	Sole member	1 Jul 2011	75% - 100%	26-0288589

Based in New York

The principal office where Blackstone Real Estate Special Situations Advisors L.L.C. performs its advisory services is located at 345 Park Avenue, New York, NY 10154, which is also the mailing address of the firm. An additional office of the firm is in Santa Monica, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-583-5000 or by fax 212-583-5749. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at blackstone.com.