# Morgan Stanley Real Estate Advisor, Inc.

> Morgan Stanley Real Estate Advisor, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2003, with no regulatory assets under management reported in its Form ADV filing dated August 4, 2026.

- CRD: 127488
- Filed as: MORGAN STANLEY REAL ESTATE ADVISOR, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127488
- AdvisorCensus page: https://advisorcensus.com/firm/morgan-stanley-real-estate-advisor-inc-new-york-ny-127488

## Quick answers

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

**Where is Morgan Stanley Real Estate Advisor, Inc. located?**
Morgan Stanley Real Estate Advisor, Inc.'s principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 16 other offices (Schedule D, Section 1.F).

**Is Morgan Stanley Real Estate Advisor, Inc. registered with the SEC or a state?**
Morgan Stanley Real Estate Advisor, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127488.

**How have Morgan Stanley Real Estate Advisor, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Morgan Stanley Real Estate Advisor, Inc.: Total employees: 120 in October 2021 and 372 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Does Morgan Stanley Real Estate Advisor, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127488

**Does Morgan Stanley Real Estate Advisor, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated August 4, 2026 says: "Generally, the Fund investors are required to invest a minimum of $10 million, unless otherwise approved by the Adviser."

**What changed in Morgan Stanley Real Estate Advisor, Inc.'s recent Form ADV filings?**
In the August 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

### Fees and minimums (Form ADV Part 2A brochure dated August 4, 2026)

- Account minimum: $10,000,000

> Generally, the Fund investors are required to invest a minimum of $10 million, unless otherwise approved by the Adviser.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

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

### Firm details
- Registered since: 2003 (22 years)
- Employees: 372 total, 170 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127488

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Atlanta, GA
- Chicago, IL
- Frankfurt
- London
- Los Angeles, CA
- Madrid
- Milan
- Mumbai
- Paris
- San Francisco, CA
- Seoul
- Shanghai
- Singapore
- Sydney
- Tokyo
- West Kowloon

### Websites listed on Form ADV (Item 1.I)
- morganstanley.com/IM
- morganstanley.com/im/en-us/institutional-investor/capabilities/alternatives/real-assets.html

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 120 | March 31, 2021 |
| October 2022 | Not reported | 119 | March 30, 2022 |
| October 2023 | Not reported | 152 | May 15, 2023 |
| October 2024 | Not reported | 167 | March 30, 2024 |
| October 2025 | Not reported | 149 | March 21, 2025 |
| October 2026 | Not reported | 372 | August 4, 2026 |

Total employees: 120 in October 2021 and 372 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Employees performing advisory functions went from 83 to 170.
- Changed its office addresses in Atlanta, GA.
- Changed its office addresses in Chicago, IL.
- Added an office in Frankfurt.
- Added an office in London.
- Added an office in Madrid.
- Added an office in Milan.
- Added an office in Mumbai.
- Added an office in Paris.
- Added an office in Seoul.
- Added an office in Shanghai.
- Added an office in Singapore.
- Added an office in Sydney.
- Added an office in Tokyo.
- Added an office in West Kowloon.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Morgan Stanley Real Estate Advisor, Inc. (CRD 127488): Form ADV filing data as of October 2026.