Blackstone Private Real Estate Credit & Income Fund 8-K

What Happened
Blackstone Private Real Estate Credit & Income Fund announced in an 8-K (Item 3.02) that it sold unregistered common shares pursuant to a subscription agreement. The sale was effected as of April 1, 2026 (with the final number of shares determined on April 22, 2026) and resulted in 1,531,394 common shares issued for aggregate consideration of $40,000,000. The offer and sale were made in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D and/or Regulation S.

Key Details

• Date of unregistered sale: as of April 1, 2026 (final share count determined April 22, 2026).
• Shares issued: 1,531,394 common shares of beneficial interest.
• Proceeds: $40,000,000 in aggregate consideration.
• Legal basis: sale exempt from registration under Section 4(a)(2) and Regulation D and/or Regulation S; executed via a subscription agreement with participating investors.

Why It Matters
The transaction raises $40.0M of capital for the fund and increases the number of outstanding common shares, which is relevant for existing shareholders because it can affect net asset value per share and ownership percentage. The 8-K does not specify the use of proceeds or any change to management or fund strategy, so investors should watch for further filings or disclosures that detail how the capital will be deployed.