Blackstone Private RE Credit & Income Fund Sells Unregistered 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. As of September 1, 2026 (with the final number of shares determined on September 23, 2026), the company issued 191,695 common shares (par value $0.01) pursuant to a subscription agreement and received $5,016,662 in consideration. The offer and sale were exempt from registration under Section 4(a)(2) of the Securities Act and pursuant to Regulation D and/or Regulation S.

Key Details

• Date of unregistered sale: as of September 1, 2026 (final share count set September 23, 2026)
• Shares issued: 191,695 common shares (par value $0.01)
• Proceeds: $5,016,662 received under a subscription agreement
• Exemption: Sale conducted under Section 4(a)(2) and Regulation D and/or Regulation S of the Securities Act

Why It Matters
The company raised approximately $5.0 million through a private subscription, increasing the number of issued common shares by 191,695. Because the shares were sold in an exempt private placement (not a registered public offering), they were likely offered to accredited or non‑U.S. investors under Reg D/Reg S. Investors should watch future filings for any disclosures on use of proceeds, updated share counts or effects on net asset value per share.