8-K: Blackstone REIT Appoints Paul Kolodziej as New CFO
Management Change
Blackstone Real Estate Income Trust, Inc. announced the appointment of Paul Kolodziej as its new Chief Financial Officer and Treasurer, effective February 27, 2026.
Summary
- Paul Kolodziej has been appointed Chief Financial Officer and Treasurer of Blackstone Real Estate Income Trust, Inc.
- His appointment is effective as of the close of business on February 27, 2026.
- Mr. Kolodziej, 46, previously served as the Company's Deputy Chief Financial Officer from December 2023 to February 2026.
- He also held roles as Chief Accounting Officer (March 2019 to December 2023) and Controller (June 2016 to March 2019) for the Company.
- Prior to joining Blackstone in June 2016, he was a Senior Manager at PricewaterhouseCoopers LLP, providing assurance services to financial service clients.
- Anthony Marone stepped down from the CFO and Treasurer roles, effective February 27, 2026.
- Mr. Marone will continue to serve as the Global Head of Real Estate Finance for Blackstone.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a positive and well-managed leadership transition, with an experienced internal candidate stepping into a critical financial role, ensuring continuity and stability.
Positives
- Paul Kolodziej brings extensive internal experience, having served in various financial leadership roles within the Company since 2016, including Deputy CFO and Chief Accounting Officer.
- His background at PricewaterhouseCoopers LLP, including a two-year rotation in their SEC Services Group, provides strong expertise in financial reporting and SEC compliance.
- The outgoing CFO, Anthony Marone, remains with Blackstone as Global Head of Real Estate Finance, suggesting a smooth transition and retention of expertise within the broader organization.
Industry Context
StockSavvy.ai notes that a smooth transition in key financial leadership, especially through internal promotion, is generally viewed positively by the market as it signals continuity and a deep understanding of the company's operations and strategy. This move aligns with common corporate governance practices for large real estate investment trusts.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer and Treasurer | Anthony Marone | Paul Kolodziej | 2026-02-27 | Appointment of new officer; Anthony Marone will continue as Global Head of Real Estate Finance for Blackstone. |
Stakeholder Impact
- Shareholders: Likely positive or neutral, as an experienced internal hire provides stability in financial leadership and continuity in financial reporting.
- Employees: May view this as a positive signal for internal career progression opportunities within the company.
Key Dates
| Date | Description |
|---|---|
| 2016-06-01 | Paul Kolodziej joined Blackstone and began serving as the Company's Controller. |
| 2019-03-01 | Paul Kolodziej began serving as the Company's Chief Accounting Officer and principal accounting officer. |
| 2023-12-01 | Paul Kolodziej began serving as the Company's Deputy Chief Financial Officer. |
| 2026-02-26 | Board of Directors appointed Paul Kolodziej as Chief Financial Officer and Treasurer. |
| 2026-02-27 | Paul Kolodziej's appointment as CFO and Treasurer became effective, and Anthony Marone stepped down from these roles. |
Keywords
Blackstone Real Estate Income Trust, BREIT, CFO appointment, Chief Financial Officer, Treasurer, Paul Kolodziej, Anthony Marone, corporate governance, real estate investment trust, REIT
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