Blackstone Real Estate Special Situations Advisors L.L.C. is a large advisory firm based in New York. It manages $14.19 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of California.
Blackstone Real Estate Special Situations Advisors L.L.C 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.
The assets under management (AUM) of Blackstone Real Estate Special Situations Advisors L.L.C. is $14.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 12499% since the beginning of its operation, and $3.44 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Blackstone Real Estate Special Situations Advisors L.L.C. 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.
The only and largest group of clients of Hamilton Evans James is pooled investment vehicles with 33 clients and $11.67 billion of assets under management. Among the 8 most similar advisory firms, Blackstone Real Estate Special Situations Advisors L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $11.67 billion for 33 clients. 61% of the firm’s clients are foreign persons or businesses.
Blackstone Real Estate Special Situations Advisors L.L.C also advises several private funds. Namely, five hedge funds and eighteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.
The company employs 138 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.
Hamilton Evans James has been acting as President since 1 Dec 2007. Kathleen Theresa Mccarthy Baldwin joined the executive team most recently as the Global Co Head Of Real Estate.
The principal office where Blackstone Real Estate Special Situations Advisors L.L.C. 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.