IPO - Blackstone Real Estate Income Trust, Inc.

Form Type: S-11/A

Filing Date: 2025-05-16

Corporate Action: Ipo

Type: Update

Accession Number: 000162828025026287

Filing Summary: Blackstone Real Estate Income Trust, Inc. is registering securities under the Securities Act of 1933 with an approximate maximum offering of $60 billion. The offering consists of four classes of common stock (Class T-2, Class S-2, Class D-2, and Class I) and provides for additional shares under a distribution reinvestment plan. Class shares will be priced based on the previous month's net asset value (NAV), along with commissions and fees. The trust focuses on stabilized, income-generating commercial real estate in the U.S. Today’s filing is an amendment to the registration to update and clarify previous disclosures. Risks associated with the liquidity of shares, potential repurchase limitations, and conflicts of interest linked to the external management by BX REIT Advisors are noted. No public market is anticipated for these shares, and repurchases will depend on board discretion and liquidity availability. The company emphasizes investment risks and suitability standards for investors, noting the common stock's illiquid nature, and restrictions on ownership and transfer of shares.

Form Type: POS AM

Filing Date: 2025-04-08

Corporate Action: Ipo

Type: New

Accession Number: 000162828025017107

Filing Summary: Blackstone Real Estate Income Trust, Inc. is filing a post-effective amendment to its registration statement for an initial public offering (IPO) under the Securities Act of 1933. The company is offering up to $60 billion in securities, aiming to provide stabilized, income-generating commercial real estate investments primarily in the U.S. The offering includes several classes of common stock, with variations in commissions and servicing fees. The company is externally managed by BX REIT Advisors L.L.C., part of Blackstone Inc., a leading global investment manager. Investors are warned of high investment risks and the absence of a public trading market for the shares. A share repurchase plan allows limited opportunities for liquidity; however, shares may be illiquid and repurchases are not guaranteed, which could impact investors seeking to dispose of their shares. Suitability standards are outlined for prospective investors, emphasizing the need for adequate financial means. The company maintains the intent to qualify as a REIT for federal tax purposes.