Blackrock Realty Advisors Inc (New York)

Name: Blackrock Realty Advisors Inc
Address: 40 East 52 Nd Street, New York, NY, 10022
Telephone: 212-810-5300

Blackrock Realty Advisors Inc is a large advisory firm based in New York. It manages $1.49 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Blackrock Realty Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackrock Realty Advisors: assets under management

The assets under management (AUM) of Blackrock Realty Advisors Inc is $1.49 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 160% since the beginning of its operation, and $449.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.49 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.48 million each.

Blackrock Realty Advisors has custody of $662.8 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in non-exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackrock Realty Advisors Inc for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Benjamin Joseph Young serves?

The only and largest group of clients of Benjamin Joseph Young is pooled investment vehicles with 11 clients and $1.03 billion of assets under management. Among the 12 most similar advisory firms, Blackrock Realty Advisors has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.03 billion for 11 clients. 10% of the firm’s clients are foreign persons or businesses.

Blackrock Realty Advisors doesn't advise any private funds.

Careers at Blackrock Realty Advisors Inc

The company employs 88 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Benjamin Joseph Young has been acting as President since 1 Jun 2017. Charles Choon Sik Park joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Anthony Finelli	Managing director, chief financial officer and treasurer	1 Mar 1997	Other	2052677
Herman Hugh Howerton	Managing director, chief compliance officer, general counsel and secretary	1 Mar 1997	Other	4379343
Inc. Ssrm Holdings	Stockholder	1 Apr 1997	75% - 100%	04-3188585
Jill Sommer Hatton	Managing director	1 May 2001	Other	4359552
Ronald Edward Zuzack	Managing director	1 Dec 2001	Other	4379363
Frederich Lieblich	Director, president and chief executive officer and managing director	1 Jun 2003	Other	4379355
Jay Alexander	Managing director	1 Dec 2003	Other	4744267
Eileen Mary Byrne	Managing director	1 Nov 2004	Other	4344216
Ralph Lewis Schlosstein	Director and chairman	1 Feb 2005	Other	2041885
Robert Steven Kapito	Director	1 Feb 2005	Other	728399
Barry Allen Ziering	Managing director	1 Feb 2005	Other	4519798
William Anthony Finelli	Managing director	1 Dec 2005	Other	2052677
Joseph Feliciani	Treasurer	1 May 2006	Other	5773942
Joseph Nmn Feliciani	Treasurer	1 May 2006	Other	5773942
Frederich Lieblich	Director, chief executive officer, managing director and global chief investment officer	1 Mar 2007	Other	4379355
Ronald Edward Zuzack	Director, president and managing director	1 Mar 2007	Other	4379363
Jay Alexander	Managing director and americas chief investment officer	1 Mar 2007	Other	4744267
Dale Gruen	Managing director and head of multihousing group	1 Mar 2007	Other	5309158
Frederich (Nmn) Lieblich	Director, chief executive officer, managing director and global chief investment officer	1 Mar 2007	Other	4379355
Jay Kennedy Alexander	Managing director and americas chief investment officer	1 Mar 2007	Other	4744267
Dale Jaffe Gruen	Managing director and head of multihousing group	1 Mar 2007	Other	5309158
Paul L Audet	Vice chairman	1 Jun 2008	Other	4340709
Paul Louis Audet	Vice chairman	1 Jun 2008	Other	4340709
Paul Louis Audet	Director	1 Aug 2008	Other	4340709
William Anthony Finelli	Director, president, and managing director	1 Dec 2009	Other	2052677
Paul Louis Audet	Director, chief executive officer, and managing director	1 Dec 2009	Other	4340709
John Robert Chandler	Director, chief executive officer, and managing director	1 Jun 2011	Other	5949676
Inc Blackrock Financial Management	Stockholder	1 Jul 2011	75% - 100%	107105
Simon Joseph Treacy	Director, president, and managing director	1 Jan 2014	Other	6028994
Robert Weiss	Managing director, chief compliance officer and secretary	1 Mar 2014	Other	6315275
Robert Jay Weiss	Managing director, chief compliance officer and secretary	1 Mar 2014	Other	6315275
Wayne Moffett Fitzgerald	Chief operating officer	1 Aug 2014	Other	4797589
Benjamin Joseph Young	Director	1 Jun 2017	Other	2229754
John O'sullivan Lamb	Director, president, and managing director	1 Dec 2017	Other	6905672
Marc David Comerchero	Treasurer	1 Mar 2018	Other	4245016
Charles Choon Sik Park	Chief compliance officer	1 Mar 2019	Other	2704483

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Blackrock Advisors	Sole shareholder	1 Oct 1994	75% - 100%	23-2784752
Inc. The Pnc Financial Services Group	Sole shareholder	1 Mar 1995	75% - 100%	23-6477964
Inc. Blackrock	Sole shareholder	1 Mar 1998	75% - 100%	51-0380803
Inc. Pnc Bancorp	Majority shareholder	1 Jan 2005	50% - 75%	51-0326854
Inc Blackrock Financial Management	Sole shareholder	1 Jan 2005	75% - 100%	107105
Inc. Blackrock	Sole shareholder	1 Sep 2006	75% - 100%	51-0380803
Inc. Blackrock Holdco 2	Sole shareholder	1 Sep 2006	75% - 100%	68-0635711
Llc Blackrock Holdco 1	Sole shareholder	1 Sep 2006	75% - 100%	68-0635710
Llc Br Holdco 2	Sole shareholder	1 Sep 2006	75% - 100%	68-0635711

Based in New York

The principal office where Blackrock Realty Advisors Inc performs its advisory services is located at 40 East 52 Nd Street, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-810-5300. The normal business hours are 7:30am to 7:30pm on Monday - Friday. You can find more information about the New York firm at blackrock.com.