Blackstone Real Estate Income Trust, Inc. 8-K

What Happened

• Blackstone Real Estate Income Trust, Inc. (BSTT) filed an 8-K disclosing an unregistered sale of its Class L common stock. On July 1, 2026 the company issued 4,805,778 Class L shares for aggregate consideration of approximately $70,000,000. The number of shares was finalized on July 15, 2026 after calculating the net asset value (NAV) per Class L share as of June 30, 2026.
• The shares were sold through the company’s continuous private offering to investors who are both accredited investors (under Regulation D) and qualified purchasers (under the Investment Company Act), and the sale was exempt from Securities Act registration under Section 4(a)(2) and Regulation D.

Key Details

• Date of unregistered sale: July 1, 2026; share count finalized July 15, 2026 after June 30 NAV calculation.
• Number of Class L shares issued: 4,805,778.
• Aggregate proceeds: approximately $70,000,000.
• Offering type and exemption: continuous private offering to accredited investors and qualified purchasers; exempt under Section 4(a)(2) and Regulation D.

Why It Matters

• This filing documents a private capital raise that increases BSTT’s outstanding Class L shares and brings in about $70M of cash. For investors, that means the company has added liquidity/capital without a registered public offering.
• Because pricing was tied to NAV (finalized after the June 30 NAV calculation), the issuance reflects the trust’s NAV-based offering process rather than a fixed public share price.
• The 8-K does not state how proceeds will be used; investors should monitor future filings or company communications for details on deployment of the capital and any impact on NAV or distributions.