Blackstone Real Estate Income Trust Sells $26.5M Unregistered Class S‑2 Shares

What Happened
Blackstone Real Estate Income Trust, Inc. (BSTT) filed an 8‑K on September 3, 2026, reporting the sale of 1,796,772 unregistered Class S‑2 shares for aggregate consideration of approximately $26,500,443. The purchase price was set equal to the net asset value (NAV) per Class S‑2 share as of July 31, 2026, plus applicable upfront selling commissions.

Key Details

• 1,796,772 Class S‑2 shares sold for aggregate consideration of $26,500,443.
• Upfront selling commissions totaled approximately $204,153, which were retained by or reallowed (paid) to participating broker‑dealers.
• Purchase price = NAV per Class S‑2 share as of July 31, 2026, plus commissions.
• Shares were sold in the company’s continuous private offering to accredited investors and were exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.

Why It Matters
This filing documents a capital raise of about $26.5 million through a private offering and the issuance of 1,796,772 Class S‑2 shares—information investors can use to track changes in the company’s share count and capital base. The disclosure also shows distribution costs (upfront commissions) associated with the offering and confirms the transaction relied on Regulation D exemptions for accredited investors.