Investment adviser · CRD 146043

BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Sep 8, 2026

Regulatory AUM: $70B
Client accounts: 97
Employees: 255
Advisory professionals: 134

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Insurance companies	30	$47,204,253,442	67.5%
Pooled investment vehicles	38	$20,548,554,258	29.4%
Business development companies	1	$1,577,780,000	2.3%
Government entities	Fewer than 5	$382,569,428	0.5%
Investment companies	1	$157,668,974	0.2%
Corporations & businesses	Fewer than 5	$111,189,493	0.2%

Filing source

Form ADV 2123891 · Sep 8, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

BLACKSTONE REAL ESTATE DEBT STRATEGIES V L.P.Real Estate Fund · Last reported Sep 8, 2026$3.79BGross asset value

Form D fundraising filings

Blackstone Real Estate Debt Strategies V L.P.

Feeder funds

BLACKSTONE REAL ESTATE DEBT STRATEGIES V (FEEDER FUND) L.P.

Auditor DELOITTE & TOUCHE GEORGETOWN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 8EWQ2UQKS07AKK8ANH81

U.S. BANK
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-8849525225
Reported beneficial owners: 42
Minimum commitment: $0
Form D file number: 021-462409

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE REAL ESTATE DEBT STRATEGIES V - C L.P.Real Estate Fund · Last reported Sep 8, 2026$3.52BGross asset value

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 8EWQ2UQKS07AKK8ANH81

U.S. BANK
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-5570958747
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE REAL ESTATE DEBT STRATEGIES IV L.P.Real Estate Fund · Last reported Sep 8, 2026$2.58BGross asset value

Form D fundraising filings

Blackstone Real Estate Debt Strategies IV L.P.

Feeder funds

BLACKSTONE REAL ESTATE DEBT STRATEGIES IV (FEEDER FUND) L.P.

Auditor DELOITTE & TOUCHE GEORGETOWN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian MUFG NY BRANCH NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

U.S. BANK
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-8511078222
Reported beneficial owners: 44
Minimum commitment: $10M
Form D file number: 021-351203

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE REAL ESTATE CREDIT INCOME FUND L.P.Real Estate Fund · Last reported Sep 8, 2026$1.64BGross asset value

Form D fundraising filings

Blackstone Real Estate Credit Income Fund L.P.

Feeder funds

BLACKSTONE REAL ESTATE CREDIT INCOME (FEEDER FUND) L.P.
BLACKSTONE REAL ESTATE CREDIT INCOME (PARALLEL FEEDER FUND) L.P.

Marketer NH INVESTMENT & SECURITIES CO., LTD. SEOUL, Korea, South Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: No
Administrator other than the adviser: No
External marketing: Yes

Fund details & source

Fund ID: 805-1363719178
Reported beneficial owners: 6
Minimum commitment: $0
Form D file number: 021-564999

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE REAL ESTATE DEBT STRATEGIES III L.P.Real Estate Fund · Last reported Sep 8, 2026$1.25BGross asset value

Form D fundraising filings

Blackstone Real Estate Debt Strategies III L.P.

Feeder funds

BLACKSTONE REAL ESTATE DEBT STRATEGIES III (FEEDER FUND) L.P.

Auditor DELOITTE & TOUCHE GEORGETOWN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

BANK OF AMERICA
LEI B4TYDEB6GKMZO031MB27

U.S. BANK
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7094863041
Reported beneficial owners: 87
Minimum commitment: $10M
Form D file number: 021-253310

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE CMBS FUND - G L.P.Hedge Fund · Last reported Sep 8, 2026$1.07BGross asset value

Fund administrator CITCO (CANADA) INC. TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian CITI PRIME FINANCE NEW YORK, New York, United States Related to adviser: No

Prime broker CITI PRIME FINANCE NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-2694043495
Reported beneficial owners: 3
Minimum commitment: $0

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BLACKSTONE REAL ESTATE DEBT STRATEGIES - SUPPLEMENTAL ACCOUNT C L.P.Real Estate Fund · Last reported Sep 8, 2026$1.04BGross asset value

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 8EWQ2UQKS07AKK8ANH81

U.S. BANK
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7263016053
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2123891 · Sep 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Sep 8, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

345 PARK AVENUE
NEW YORK, NY, 10154, United States

CRD 146043

Filing source

Form ADV 2123891 · Sep 8, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.