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Real Estate Investment Firms / BLACKSTONE PROPERTY ADVISORS L.P.
SEC Form ADV profile

BLACKSTONE PROPERTY ADVISORS L.P.

Real estate private fund disclosures for an investment manager based in NEW YORK, NY. Latest included filing submitted 2026-03-30.

$24 billionreported non-feeder gross assets
57reported real estate funds
57funds not marked fund-of-funds
96%report an annual audit

What the filing shows

BLACKSTONE PROPERTY ADVISORS L.P. reports 45 U.S.-organized real estate funds and 57 real estate funds across all reported jurisdictions. None are marked as fund-of-funds.

Positive minimum commitments reported across these funds range from $0 thousand to $10.0 million. That figure is what a fund reports routinely requiring from outside fund investors. It is not the manager's property investment check size.

Reported real estate funds

Sorted by gross asset value. Gross assets are reported by the manager and can overlap across master, feeder, parallel, and related fund structures.

FundOrganizedGross assetsInvestor minimumOwnersAnnual audit
BLACKSTONE MILEWAY LOGISTICS L.P.805-4259878698 · MasterCayman Islands$9.4 billionNot reported47Yes
BLACKSTONE CITY PROPERTY CO-INVESTMENT PARTNERS L.P.805-7261501703Delaware$2.0 billionNot reported5Yes
BLACKSTONE PROPERTY PARTNERS VOLT CO-INVESTMENT L.P.805-9767426716Delaware$2.0 billionNot reported2Yes
BLACKSTONE PRISTINE PROPERTY CO-INVESTMENT PARTNERS L.P.805-4963165389Delaware$1.2 billionNot reported2Yes
BREP EDENS INVESTMENT PARTNERS L.P.805-6770879263Delaware$1.1 billion$10.0 million4Yes
BLACKSTONE PROPERTY PARTNERS (SUPPLEMENTAL ACCOUNT) C L.P.805-6457250191Delaware$1.0 billionNot reported2Yes
BLACKSTONE PROPERTY PARTNERS ABACUS CO-INVESTMENT L.P.805-2125411180Delaware$703 millionNot reported3Yes
BLACKSTONE PROPERTY PARTNERS INTERNATIONAL - A L.P.805-3005800930 · MasterCayman Islands$649 millionNot reported3Yes
BLACKSTONE PROPERTY PARTNERS LIFE SCIENCES - 2025 SPV L.P.805-9513474754Delaware$416 millionNot reported6Yes
INNOVATION TOPCO LP805-3697984388Delaware$397 millionNot reported3Yes
BPP ASIA AT CO-INVESTMENT - C L.P.805-1623560471Cayman Islands$373 millionNot reported2Yes
ROOF TOPCO 2025-2 LP805-1224289790Delaware$355 million$0 thousand4Yes
BLACKSTONE CITY PROPERTY CO-INVESTMENT PARTNERS III L.P.805-7880381623Delaware$312 millionNot reported2Yes
BLACKSTONE MILEWAY LOGISTICS (LUX) SCSP805-1111557317Luxembourg$299 millionNot reported11Yes
BLACKSTONE CITY PROPERTY CO-INVESTMENT PARTNERS II L.P.805-6995218955Delaware$297 millionNot reported8Yes
ROOF TOPCO 2025-1 LP805-7068008639Delaware$274 million$0 thousand2Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - NR CO-INVEST 2 L.P.805-1262426546 · MasterCanada$249 millionNot reported3Yes
ROOF TOPCO 2024 LP805-9390054449Delaware$213 millionNot reported2Yes
AI TC FUND I LLC805-3410019706Delaware$202 millionNot reported1Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - NR L.P.805-9968770296Canada$191 millionNot reported3Yes
BLACKSTONE PROPERTY PARTNERS ABACUS CO-INVESTMENT 2 L.P.805-7531210388Delaware$175 millionNot reported6Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - LO L.P.805-3756307771 · MasterDelaware$141 millionNot reported8Yes
BLACKSTONE ONE MARKET PLAZA INVESTMENT PARTNERS L.P.805-7767595163Delaware$129 million$10.0 million2Yes
BLACKSTONE PROPERTY PARTNERS EUROPE ACCOUNT - C L.P.805-4986510616Delaware$127 millionNot reported2Yes
TURTLE COVE TOPCO LP805-1672541118Delaware$125 millionNot reported5Yes
BLACKSTONE PROPERTY PARTNERS KIPS CO-INVESTMENT L.P.805-8099575594Delaware$117 millionNot reported2Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - C PLATFORM L.P.805-6363096442Delaware$111 millionNot reported2Yes
BLACKSTONE REAL ESTATE PARTNERS ACCOUNT - U L.P.805-9667228959Delaware$110 millionNot reported2Yes
BLACKSTONE PROPERTY PARTNERS LBA CO-INVESTMENT L.P.805-9322804133Delaware$97.3 millionNot reported3Yes
BLACKSTONE PROPERTY PARTNERS GLOBAL - NJ L.P.805-1352179604Cayman Islands$89.6 millionNot reported2Yes
BLACKSTONE PROPERTY PARTNERS LBA CO-INVESTMENT II LP.805-5197126143Delaware$78.5 millionNot reported2Yes
NEUTRINO TOPCO LP805-4702688577Delaware$69.3 millionNot reported4Yes
BLACKSTONE PROPERTY PARTNERS ASIA ACCOUNT - C L.P.805-3294492654Cayman Islands$63.1 millionNot reported2Yes
LIGHTBULB TOPCO LP805-6155699030Delaware$62.1 millionNot reported4Yes
CABIN TOPCO LP805-5462261761Delaware$58.6 millionNot reported4Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - C ASTRID L.P.805-4592955446Delaware$54.9 millionNot reported2Yes
RAINIER TOPCO LP805-9508003113Delaware$50.0 millionNot reported3Yes
CANYON TOPCO LP805-5916608617Delaware$49.7 million$0 thousand4Yes
BLACKSTONE PROPERTY PARTNERS EUROPE GR - G L.P.805-9161998748 · MasterDelaware$47.5 millionNot reported3Yes
BLACKSTONE PROPERTY PARTNERS EUROPE - LO II L.P.805-9242176500Delaware$46.5 millionNot reported2Yes

17 additional reported funds are omitted from this table to keep the profile readable. The totals above include them.

Source and limits

Source: SEC Investment Adviser Public Disclosure, Form ADV. Firm status checked 2026-08-20. Fund detail through 2026-07-31. CRD 226598, SEC 801-96259.

Form ADV is a regulatory disclosure, not a live deal mandate. It does not report property type, target geography, current fundraising status, available capital, or whether a manager accepts unsolicited proposals. Contact the firm and review current offering documents before relying on any figure.

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Educational only. Not financial, legal, investment, or tax advice. Big Brain Funding is not an investment adviser, broker-dealer, placement agent, lender, or broker of record. This profile is not an endorsement, recommendation, securities offering, or statement that the firm is available for a transaction.