Blackstone Property Advisors L.P. (New York)

Blackstone Property Advisors 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 Property Advisors: assets under management

The assets under management (AUM) of Blackstone Property Advisors L.P. is $36.99 billion. The firm's AUM has grown by 965% since the beginning of its operation, and $20.15 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $23.34 billion in discretionary accounts and $13.65 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $630.91 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.65 billion.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackstone Property Advisors L.P. 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 Blackstone Property Advisors serves?

The only and largest group of clients of Blackstone Property Advisors is pooled investment vehicles with 37 clients and $36.99 billion of assets under management. Among the 8 most similar advisory firms, Blackstone Property Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $36.99 billion for 37 clients. 39% of the firm’s clients are foreign persons or businesses.

Blackstone Property Advisors also advises several private funds. Namely, six hedge funds and twenty five real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Blackstone Property Advisors L.P.

The company employs 368 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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in New York

The principal office where Blackstone Property Advisors L.P. 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.

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