9AT: BX REIT ADVISORS L.L.C.

BX REIT ADVISORS L.L.C.

BX REIT ADVISORS L.L.C.

Adviser Profile

As of Date	09/08/2026
Registration	SEC, Approved, 05/04/2017
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	0
of that, discretionary
Number of Employees	562 -22%
of those in investment advisory functions	378 -23%
Private Fund GAV^*	0
SMA’s	No
Private Funds	0

Adviser Type

- Related adviser

Client Types

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Reported AUM

279M 239M 200M 160M 120M 80M 40M

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

Overview of the Firm The Adviser, directly or indirectly through its subsidiaries, provides investment advisory services to its Clients. The Adviser has, since it commenced operations in January 2017, managed the investments and day-to-day business and affairs of BREIT. BREIT invests primarily in stabilized, income-generating commercial real estate across asset classes in the U.S. and, to a lesser extent, outside the U.S. and in real estate debt. BREIT is a non-listed, perpetual life REIT. As of the date hereof, BREIT is the only vehicle advised by the 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, BREIT did not constitute a “securities portfolio” as defined by the SEC, therefore the Adviser had no regulatory assets under management. Description of Advisory Services The Adviser manages the investments and the day-to-day business and affairs of

BREIT, subject at all times to the terms and conditions of the BREIT Advisory Agreement and to the supervision of the Board of Directors. As external manager to BREIT, the Adviser, among other things: 1. Identifies and analyzes investment opportunities; 2. Participates in the monitoring and evaluation of Investments; and 3. Manages BREIT’s investment activities and other business affairs, including engaging one or more service providers with respect to the management of the Client, including, where appropriate, Affiliates of the Adviser or third parties in conformity with investment guidelines and other policies approved by the Board of Directors. To the extent the Adviser were to serve as investment adviser to other Clients in addition to BREIT, it would do so pursuant to the terms and conditions of applicable Advisory Agreements. The Adviser tailors its advisory services to the particular needs of each Client. However, the specific needs of the individual Investors in a Client (e.g., stockholders of BREIT Parent or unitholders of BREIT Operating Partnership) 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.