Blackstone Real Estate Advisors Iii LP (New York)


Blackstone Real Estate Advisors Iii LP is a mid-sized advisory firm based in New York. It manages $27.04 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2001.

Blackstone Real Estate Advisors Iii provides portfolio management for pooled investment vehicles. 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 Advisors Iii: assets under management

The assets under management (AUM) of Blackstone Real Estate Advisors Iii LP is $27.04 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $27.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.76 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackstone Real Estate Advisors Iii LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Blackstone Real Estate Advisors Iii LP

Peter George Peterson has been acting as President since 1 Oct 1998. James J Mossman has served as the Chief Investment Officer since 1 Oct 1998. Kathleen T. Mccarthy Baldwin joined the executive team most recently as the Global Real Estate Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Dennis James Mcdonagh Chief financial officer 1 Jan 1995 Other 2676953
Bre Advisors Iii L.L.C. General partner 1 Oct 1998 50% - 75% 13-4037301
Blackstone Real Estate Advisors Iii L.L.C. General partner 1 Oct 1998 50% - 75% 13-4037302
John Gilroy Schreiber Investment committee 1 Oct 1998 Other 415135
Thomas John Saylak Senior managing director, investment committee 1 Oct 1998 Other 1131635
John Kukral Senior managing director, investment committee 1 Oct 1998 Other 2158611
Gary M Sumers Senior managing director, investment committee 1 Oct 1998 Other 2158622
Peter George Peterson Chairman 1 Oct 1998 Other 803568
Stephen Allen Schwarzman Chief executive officer, chief compliance officer 1 Oct 1998 Other 861435
Michael A Puglisi Chief financial officer 1 Oct 1998 Other 2526926
Jonathan David Gray Senior managing director 1 Oct 1998 Other 2289544
James J Mossman Chief investment officer 1 Oct 1998 Other 1857323
Michael A. (Mi Only) Puglisi Chief financial officer 1 Oct 1998 Other 2526926
Inc. Aig Bg Holdings Limited partner 1 Oct 1998 Other 13-4019085
Jonathan David Gray Limited partner 1 Jan 2001 Other 2289544
Hamilton Evans James Vice chairman, investment committee 1 Oct 2002 Other 821911
James Tomilson Hill Vice chairman, investment committee 1 Oct 2002 Other 2114386
Chad Rustan Pike Senior managing director 1 Jan 2003 Other 2378742
James Tomilson Hill Vice chairman 1 Jan 2003 Other 2114386
Robert Laurence Friedman Chief legal officer / senior managing director 1 Mar 2003 Other 3222081
Northwood Investors L.L.C. Limited partner 1 Jan 2004 Other 20-0415439
Joshua Benjamin Rovine Chief compliance officer 1 Oct 2004 Other 4641279
Jonathan David Gray Global head of real estate 1 Jan 2006 Other 2289544
William Jay Stein Limited partner 1 Jan 2006 Other 5117068
Chad Rustan Pike Group co-head 1 Jan 2006 Other 2378742
Blackstone Holdings I L.P. Limited partner 1 Jun 2007 25% - 50% 26-0288589
Laurence Anthony Tosi Chief financial officer of the blackstone group l.p. 1 Sep 2008 Other 4876604
Judy Turchin 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
Kathleen T. Mccarthy Baldwin Senior managing director 1 Jan 2014 Other 3243119
Kathleen T. Mccarthy Baldwin Global real estate chief operating officer 1 Jan 2015 Other 3243119
Paul Daniel Quinlan Global real estate chief financial officer 1 Jan 2015 Other 4165998
Kenneth Alan Caplan Global real estate chief investment officer 1 Jan 2015 Other 2649076

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Blackstone Holdings I / Ii Gp Inc. General partner 1 Jun 2007 Other 26-0238303
The Blackstone Group L.P. Shareholder 1 Jun 2007 75% - 100% 20-8875684

Based in New York

The principal office where Blackstone Real Estate Advisors Iii LP 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 212-583-5258. 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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