{
  "crd_number": 138208,
  "slug": "blackstone-real-estate-advisors-v-l-p-new-york-ny-138208",
  "primary_business_name": "BLACKSTONE REAL ESTATE ADVISORS V L.P.",
  "legal_name": "BLACKSTONE REAL ESTATE ADVISORS V L.P.",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-12-12",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-09-08",
  "carried_forward": false,
  "raum_total": 60175700.0,
  "raum_discretionary": 60175700.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 374,
  "advisory_employees": 192,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 60175700.0,
      "count": 4
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://apple.co/31Pe1Gg",
    "https://blackstone.com",
    "https://blackstone.podbean.com",
    "https://facebook.com/blackstone",
    "https://instagram.com/blackstone",
    "https://linkedin.com/company/blackstonegroup",
    "https://mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA",
    "https://open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ",
    "https://pandora.com/artist/blackstone/ARvlPz9Plblrlmg",
    "https://soundcloud.com/blackstone-300250613",
    "https://spoti.fi/2LJ1tHG",
    "https://x.com/blackstone",
    "https://youtube.com/user/blackstonegroup"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/138208",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/blackstone-real-estate-advisors-v-l-p-new-york-ny-138208",
  "display_name": "Blackstone Real Estate Advisors V L.P.",
  "summary": "Blackstone Real Estate Advisors V L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2005, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 8, 2026.",
  "citation": "AdvisorCensus. Blackstone Real Estate Advisors V L.P. (CRD 138208): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Blackstone Real Estate Advisors V L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Blackstone Real Estate Advisors V L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Blackstone Real Estate Advisors V L.P. located?",
      "a": "Blackstone Real Estate Advisors V L.P.'s principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 12 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Blackstone Real Estate Advisors V L.P. registered with the SEC or a state?",
      "a": "Blackstone Real Estate Advisors V L.P. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 138208."
    },
    {
      "q": "How much does Blackstone Real Estate Advisors V L.P. manage?",
      "a": "Blackstone Real Estate Advisors V L.P. reports $60,175,700 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary)."
    },
    {
      "q": "How have Blackstone Real Estate Advisors V L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Blackstone Real Estate Advisors V L.P.: Regulatory assets under management: $537,315,292 in the October 2021 data and $60,175,700 in the October 2026 data, down 89%. Total employees: 567 in October 2021 and 374 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Blackstone Real Estate Advisors V L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does Blackstone Real Estate Advisors V L.P. report any disciplinary disclosures?",
      "a": "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/138208"
    },
    {
      "q": "What changed in Blackstone Real Estate Advisors V L.P.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 537315292.0,
      "total_employees": 567,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 553267003.0,
      "total_employees": 432,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 290111870.0,
      "total_employees": 514,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 291925775.0,
      "total_employees": 469,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 94935146.0,
      "total_employees": 425,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 60175700.0,
      "total_employees": 374,
      "filing_date": "2026-09-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 210 to 192.",
        "Regulatory assets under management went from $94,935,146 to $60,175,700 (-37%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/blackstone-real-estate-advisors-v-l-p-new-york-ny-138208.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 60175700.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/138208",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}