8-K: Blackstone Real Estate Income Trust Sells Unregistered Equity to Feeder Vehicle

Blackstone Real Estate Income Trust sold unregistered Class C common stock to a feeder vehicle in a transaction exempt from registration under the Securities Act of 1933.

Summary

• On February 13, 2025, Blackstone Real Estate Income Trust, Inc. (the Company) sold unregistered shares of its Class C common stock.
• The shares were sold to a feeder vehicle primarily created to hold the Company's Class I common stock and Class C common stock.
• This feeder vehicle offers interests in itself to certain non-U.S. persons.
• A total of 34,236 Class C common shares were issued to the feeder vehicle.
• The consideration received for these shares was $517,993.
• The offer and sale of the Shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Regulation S thereunder.

Sentiment

Score: 5

Explanation: The announcement is a routine transaction, neither particularly positive nor negative. It reflects ongoing capital management activities.

Industry Context

Real estate investment trusts (REITs) often use feeder vehicles to attract foreign investment, taking advantage of regulatory exemptions to streamline the process.

Stakeholder Impact

• The sale of shares to a feeder vehicle could potentially broaden the investor base to include non-U.S. persons.

Key Dates