Blackstone Private Real Estate Credit & Income Fund 8-K

What Happened
Blackstone Private Real Estate Credit & Income Fund filed an 8-K (Item 3.02) reporting that, effective December 1, 2025, it sold unregistered common shares of beneficial interest pursuant to subscription agreements with participating investors. The final number of shares was finalized on December 19, 2025. The offering was exempt from registration under Section 4(a)(2) of the Securities Act and under Regulation D and/or Regulation S.

Key Details

• Shares sold: 1,345,636 common shares (finalized December 19, 2025).
• Proceeds: $35,000,000 in aggregate consideration.
• Par value: $0.01 per share.
• Securities law basis: Exempt from registration under Section 4(a)(2) and Regulation D and/or Regulation S; sales made pursuant to subscription agreements.

Why It Matters
This raises $35.0M of capital for the fund and increases the number of outstanding shares, which can dilute per-share metrics (e.g., NAV per share) unless proceeds are accretive to the portfolio. The filing does not state how the proceeds will be used. Retail investors should note this is an exempt private placement, not a public registered offering, and track any future disclosures for use of proceeds or effects on NAV and distributions.