# Blackstone Real Estate Advisors Europe L.P.

> Blackstone Real Estate Advisors Europe L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.

- CRD: 135952
- Filed as: BLACKSTONE REAL ESTATE ADVISORS EUROPE L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135952
- AdvisorCensus page: https://advisorcensus.com/firm/blackstone-real-estate-advisors-europe-l-p-new-york-ny-135952

## Quick answers

**How is Blackstone Real Estate Advisors Europe L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Blackstone Real Estate Advisors Europe L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Blackstone Real Estate Advisors Europe L.P. located?**
Blackstone Real Estate Advisors Europe L.P.'s principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 14 other offices (Schedule D, Section 1.F).

**Is Blackstone Real Estate Advisors Europe L.P. registered with the SEC or a state?**
Blackstone Real Estate Advisors Europe L.P. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 135952.

**How much does Blackstone Real Estate Advisors Europe L.P. manage?**
Blackstone Real Estate Advisors Europe L.P. reports $2,785,575,815 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**How have Blackstone Real Estate Advisors Europe L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Blackstone Real Estate Advisors Europe L.P.: Regulatory assets under management: $6,145,541,755 in the October 2021 data and $2,785,575,815 in the October 2026 data, down 55%. Total employees: 567 in October 2021 and 547 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blackstone Real Estate Advisors Europe L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Blackstone Real Estate Advisors Europe L.P. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/135952

**What changed in Blackstone Real Estate Advisors Europe L.P.'s recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,785,575,815
- Discretionary: $2,785,575,815
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $2,785,575,815 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2005 (21 years)
- Employees: 547 total, 363 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Hong Kong
- London
- Miami, FL
- Milano
- Mumbai
- Paris
- San Francisco, CA
- Santa Monica, CA
- Seoul
- Shanghai
- Singapore
- Sydney
- Tokyo
- Toronto

### Websites listed on Form ADV (Item 1.I)
- apple.co/31Pe1Gg
- blackstone.com
- blackstone.podbean.com
- mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA
- open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ
- pandora.com/artist/blackstone/ARvlPz9Plblrlmg
- soundcloud.com/blackstone-300250613
- spoti.fi/2LJ1tHG
- Facebook @blackstone
- Instagram @blackstone
- LinkedIn @blackstonegroup
- X @blackstone
- YouTube @blackstonegroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,145,541,755 | 567 | March 31, 2021 |
| October 2022 | $5,054,594,836 | 628 | March 31, 2022 |
| October 2023 | $3,495,736,204 | 708 | March 30, 2023 |
| October 2024 | $3,569,611,153 | 670 | March 28, 2024 |
| October 2025 | $2,953,056,300 | 621 | March 28, 2025 |
| October 2026 | $2,785,575,815 | 547 | September 8, 2026 |

Regulatory assets under management: $6,145,541,755 in the October 2021 data and $2,785,575,815 in the October 2026 data, down 55%.
Total employees: 567 in October 2021 and 547 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 404 to 363.
- Added an office in Paris.

### February 2026
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackstone Real Estate Advisors Europe L.P. (CRD 135952): Form ADV filing data as of October 2026.