# BLUE OWL REAL ESTATE CAPITAL LLC

BLUE OWL REAL ESTATE CAPITAL LLC of CHICAGO, IL is an SEC-registered investment adviser.

## Registration

- CRD: 165132
- Type: SEC-registered investment adviser
- SEC file number: 801-77141
- Location: 150 N RIVERSIDE PLAZA, CHICAGO, IL, 60606
- Phone: (212) 419-3000
- Latest filing: 2026-05-22
- Regulatory AUM: $67.9B
- Discretionary AUM: $64.3B
- Non-discretionary AUM: $3.6B
- Clients: 130
- Accounts: 91

## Business model

- Compensation: % of AUM, Performance, Other
- Clients served: Pooled vehicles, Investment cos

## Officers, owners & control persons (19)

| Name | Role | Location |
| --- | --- | --- |
| [Zahr Marc](https://search.stillhousedata.com/person/177751) | CHIEF EXECUTIVE OFFICER; CHIEF EXECUTIVE OFFICER AND MANAGING PARTNER; MARC ZAHR IS THE 100% OWNER OF AUGUSTUS, LLC WHICH IS A 47.5% OWNER OF OAK STREET REAL ESTATE CAPITAL, LLC. (+5 more) | CHICAGO, IL |
| [Alan Jay Kirshenbaum](https://search.stillhousedata.com/person/669572) | CHIEF FINANCIAL OFFICER | — |
| [Douglas Irving Ostrover](https://search.stillhousedata.com/person/669573) | CO-CHIEF EXECUTIVE OFFICER | — |
| [Karen Nmn Hager](https://search.stillhousedata.com/person/669574) | CHIEF COMPLIANCE OFFICER | — |
| [Neena Ann Reddy](https://search.stillhousedata.com/person/669575) | CHIEF LEGAL OFFICER | — |
| [Andrew Robert Polland](https://search.stillhousedata.com/person/669576) | CHIEF OPERATING OFFICER | — |
| [Marc Steven Lipschultz](https://search.stillhousedata.com/person/669578) | CO-CHIEF EXECUTIVE OFFICER | — |
| [Marc Nmn Zahr](https://search.stillhousedata.com/person/669585) | CO-PRESIDENT; PRESIDENT | — |
| [OSTROVER DOUGLAS IRVING](https://search.stillhousedata.com/person/743017) | CHIEF EXECUTIVE OFFICER; CO-CHIEF EXECUTIVE OFFICER | — |
| [KIRSHENBAUM ALAN JAY](https://search.stillhousedata.com/person/767387) | CHIEF FINANCIAL OFFICER | — |
| [HENNESSEY NEIL JOSEPH](https://search.stillhousedata.com/person/769242) | CHIEF COMPLIANCE OFFICER & CHIEF FINANCIAL OFFICER; CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER & MANAGING PARTNER; JAMES HENNESSEY IS THE 100% OWNER OF BATGI CORP. WHICH IS A 47.5% OWNER OF OAK STREET REAL ESTATE CAPITAL, LLC. (+6 more) | — |
| [REES MICHAEL DOUGLASS](https://search.stillhousedata.com/person/812223) | CO-PRESIDENT | — |
| [POLLAND ANDREW ROBERT](https://search.stillhousedata.com/person/824183) | CHIEF OPERATING OFFICER | — |
| [HERCZEG LARISSA](https://search.stillhousedata.com/person/829508) | LARISSA HERCZEG IS THE 100% OWNER OF IRISH OAK OTV, LLC WHICH IS A 2% OWNER OF OAK STREET REAL ESTATE CAPITAL, LLC.; LARISSA HERCZEG IS THE 100% OWNER OF IRISH OAK OTV, LLC WHICH IS A 3% OWNER OF OAK STREET REAL ESTATE CAPITAL, LLC.; LARISSA HERCZEG IS THE 100% OWNER OF IRISH OAK OTV, LLC WHICH IS A 4% OWNER OF OAK STREET REAL ESTATE CAPITAL, LLC. (+3 more) | — |
| [LIPSCHULTZ MARC STEVEN](https://search.stillhousedata.com/person/836910) | CO-CHIEF EXECUTIVE OFFICER; CO-PRESIDENT | — |
| [ZAHR MARC NMN](https://search.stillhousedata.com/person/851191) | CHIEF EXECUTIVE OFFICER AND MANAGING PARTNER; CO-PRESIDENT; PRESIDENT, OAK STREET DIVISION OF BLUE OWL CAPITAL INC. (+1 more) | — |
| [HERCZEG LARISSA FLORENCE](https://search.stillhousedata.com/person/851192) | MANAGING PARTNER; SOLE MEMBER | — |
| [HAGER KAREN NMN](https://search.stillhousedata.com/person/865729) | CHIEF COMPLIANCE OFFICER | — |
| [REDDY NEENA ANN](https://search.stillhousedata.com/person/865730) | CHIEF LEGAL OFFICER | — |


## Private funds (54)

Mix: Hedge Fund 26 · Real Estate Fund 27 · Other Private Fund 1

_Showing 15 of 54 funds by gross asset value._

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| BLUE OWL REAL ESTATE FUND VI LP | Hedge Fund | Delaware | 1,293 | $7.8B | $5.0M |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND III-A LP | Real Estate Fund | Delaware | 221 | $3.1B | — |
| BLUE OWL REAL ESTATE FUND VII LP | Hedge Fund | Delaware | 23 | $2.2B | $5.0M |
| OAK STREET INVESTMENT GRADE NET LEASE FUND LP | Hedge Fund | Delaware | 1 | $2.2B | — |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND III-C LP | Real Estate Fund | Delaware | 10 | $2.1B | — |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND II-A LP | Real Estate Fund | Delaware | 352 | $2.0B | — |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND III-B LP | Real Estate Fund | Delaware | 118 | $1.6B | — |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND II-A (AIV) LP | Real Estate Fund | Jersey | 352 | $1.2B | — |
| BLUE OWL REAL ESTATE FUND VII (B) SCSP | Hedge Fund | Luxembourg | 2 | $1.1B | $5.0M |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND II-B LP | Real Estate Fund | Delaware | 102 | $945.7M | — |
| BLUE OWL REAL ESTATE FUND VII FEEDER (C) LP | Hedge Fund | Delaware | 6 | $944.4M | $5.0M |
| BLUE OWL REAL ESTATE EUROPEAN NET LEASE MASTER FUND SCSP | Hedge Fund | Luxembourg | 6 | $826.5M | $5.0M |
| BLUE OWL REAL ESTATE FUND VII (Q) LP | Hedge Fund | Delaware | 1 | $686.5M | $5.0M |
| BLUE OWL REAL ESTATE (T) LP | Real Estate Fund | Delaware | 1 | $594.5M | — |
| BLUE OWL DIGITAL INFRASTRUCTURE FUND II-B (AIV) LP | Real Estate Fund | Jersey | 102 | $568.0M | — |


## Branch offices (9)

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| NEW YORK | NY | 30 | (212) 419-3000 |
| SAN FRANCISCO | CA | 10 | (888) 215-1944 |
| AMSTERDAM | — | 10 | (888) 215-1944 |
| LONDON | — | 4 | (888) 215-1944 |
| WASHINGTON | DC | 2 | (888) 215-1944 |
| SHORT HILLS | NJ | 1 | (888) 215-1944 |
| SINGAPORE | — | 1 | (888) 215-1944 |
| SCARSDALE | NY | 1 | (888) 215-1944 |
| DALLAS | TX | 1 | (888) 215-1944 |


## Fund service providers (10)

- custodian: BLUE OWL MORTGAGE INVESTMENT TRUST LLC
- custodian: BLUE OWL NET LEASE INSURANCE DEDICATED FUND SERIES INTERESTS OF THE SALI MULTI-SERIES FUND, L.P.
- custodian: BLUE OWL REAL ESTATE EUROPEAN NET LEASE (EUR) FEEDER SCSP
- custodian: BLUE OWL REAL ESTATE EUROPEAN NET LEASE FUND (EUR U) LP
- custodian: BLUE OWL REAL ESTATE EUROPEAN NET LEASE FUND (USD) AIV SCSP
- custodian: BLUE OWL REAL ESTATE EUROPEAN NET LEASE FUND (USD) LP
- custodian: BLUE OWL REAL ESTATE EUROPEAN NET LEASE INSURANCE FEEDER (USD) LP
- custodian: BLUE OWL REAL ESTATE FUND VII FEEDER (B) SCSP
- custodian: BLUE OWL REAL ESTATE FUND VII FEEDER (C) LP
- custodian: BLUE OWL REAL ESTATE FUND VI (OFFSHORE) LP

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/165132/brochure
- Similar advisers: https://search.stillhousedata.com/firm/165132/similar
- Related entities: https://search.stillhousedata.com/firm/165132/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/165132

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.