Blackstone Private Real Estate Credit & Income Fund Sells Unregistered Common Shares

What Happened

• Blackstone Private Real Estate Credit & Income Fund filed a Form 8‑K (Item 3.02) disclosing an unregistered sale of common shares. Pursuant to a subscription agreement, the Company sold 382,995 common shares of beneficial interest for total gross proceeds of $10,000,000. The sale was dated as of May 1, 2026, with the final number of shares determined on May 21, 2026.
• The offer and sale were made in a private placement exempt from registration under Section 4(a)(2) of the Securities Act and Regulation D and/or Regulation S.

Key Details

• Date of sale: As of May 1, 2026 (shares finalized May 21, 2026).
• Shares sold: 382,995 common shares of beneficial interest.
• Consideration: $10,000,000 in gross proceeds.
• Regulatory basis: Exempt from registration under Section 4(a)(2) and Regulation D and/or Regulation S; sale pursuant to a subscription agreement.

Why It Matters

• The filing notifies investors that the fund raised $10 million through a private placement; this increases the fund’s outstanding shares and could have a dilutive effect for existing shareholders.
• The 8‑K does not state how the proceeds will be used or the identity of participating investors; shareholders should watch for follow‑up filings (e.g., disclosures about use of proceeds or updated share counts) for more detail.