Blackstone Real Estate Special Situations Advisors provides investment advice to its clients, who primarily invest in public and private real estate debt and, to a lesser extent, equity. Blackstone identifies and analyzes investment opportunities, makes recommendations to the General Partner of each client, monitors investments, and coordinates services of other professionals. The firm tailors its advisory services to the particular needs of each client.
Fee Structure
Blackstone Real Estate Special Situations Advisors charges a management fee that is payable quarterly. The fee is up to 1.50% per year, but the exact rate varies among clients. The fee is based on the client's net asset value, total invested capital, or cost basis of existing investments plus the fair market value of marketable securities and cash equivalents. Some clients pay the fee in advance, while others pay in arrears. In certain cases, the management fee may be offset by additional fees received by Blackstone or waived or reduced for certain investors.