9AT: BLACKSTONE REAL ESTATE ADVISORS IV L.L.C.

other names

BLACKSTONE REAL ESTATE ADVISORS IV L.L.C.
BLACKSTONE REAL ESTATE ADVISORS IV L.P.

Adviser Profile

As of Date	10/01/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Related adviser
Number of Employees	426 -17%
of those in investment advisory functions	211 -18%
Registration	SEC, Approved, 08/16/2002

AUM^*	147,753 -100%
of that, discretionary	147,753 -100%
Private Fund GAV^*	147,753 -100%
Avg Account Size	29,551 -100%
SMA’s	No
Private Funds	5
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeReal Estate Fund	Count5	GAV$147,753

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser BLACKSAND CAPITAL MANAGEMENT I, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund30.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV30.9m	AUM30.9m	#Funds2
Adviser CENTURY BRIDGE PARTNERS MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM13.0m	#Funds-
Adviser AEREF MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund116.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV116.0m	AUM116.0m	#Funds2
Adviser MSREF V, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM57.5m	#Funds-
Adviser MONTANA AVENUE CAPITAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM58.7m	#Funds-
Adviser GREENBROOK MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund76.2m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV76.2m	AUM76.2m	#Funds10
Adviser MSRESS III MANAGER, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund40.7m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV40.7m	AUM40.7m	#Funds2
Adviser RESOLUTION RECOVERY PARTNERS MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM475.0k	#Funds-
Adviser OY SIRIUS CAPITAL PARTNERS AB	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund540.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV540.8m	AUM-	#Funds2
Adviser BLG CAPITAL LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund83.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV83.5m	AUM-	#Funds4

Brochure Summary

Overview

11 Overview of the Firm The Adviser, directly or indirectly through its subsidiaries, provides investment advisory services to its Clients, and Affiliates of the Adviser generally serve as General Partner of each Client. The Adviser’s Clients primarily make control-oriented “opportunistic” Investments in real estate and real estate related assets and companies. The Adviser also serves as an investment sub-advisor to certain Investment Vehicles, pursuant to sub-advisory agreements with the applicable Investment Vehicle’s investment adviser. The ultimate parent of the Adviser is Blackstone. Please see the structure chart below. Blackstone is a global alternative investment manager with Investment Vehicles focused on real estate, private equity, hedge fund solutions, credit, infrastructure, secondary funds of funds and multi-asset class strategies. Please see Item 10 – Other Financial Industry Activities and Affiliations for more information.
As of December 31, 2023, the Adviser had regulatory assets under management of approximately $35.6 million on a discretionary basis.

Please note that this figure is an unaudited estimate.
12 Description of Advisory Services The Adviser serves as investment adviser to its Clients pursuant to the Advisory Agreements. The Adviser performs the following services, among others, for its Clients: 1. Identifies and analyzes investment opportunities; 2. Makes investment recommendations to the General Partner of each Client, as applicable; 3. Participates in the monitoring and evaluation of Investments; and 4. Provides other related services in connection with the implementation of the investment program of each Client, including, without limitation, arranging for and coordinating the services of other professionals and consultants.
The Adviser tailors its advisory services to the particular needs of each Client. However, the specific needs of the individual Investors in a Client (i.e., limited partner investors) are not the basis for recommendations by the Adviser. Investment advice is provided directly to the Client, not individually to the respective Investors in the Client.

BLACKSTONE REAL ESTATE ADVISORS IV L.L.C.

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Brochure Summary

Overview