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Blackstone Real Estate Income Trust (BSTT) raises $41M in private share sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. reported selling unregistered Class S-2 common shares in a private transaction to accredited investors. The company issued 2,845,626 shares for aggregate consideration of $41,044,521 as part of its continuous private offering program. These shares were sold under an exemption from SEC registration provided by Section 4(a)(2) and Regulation D of the Securities Act, meaning they were placed privately rather than through a public offering.

Positive

  • None.

Negative

  • None.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Shares sold 2,845,626 shares Class S-2 common stock sold June 1, 2026
Aggregate consideration $41,044,521 Proceeds from Class S-2 shares sold June 1, 2026
Offering type Unregistered private offering Exempt under Section 4(a)(2) and Regulation D
Investor eligibility Accredited investors only Defined under Regulation D of the Securities Act
unregistered shares regulatory
"sold unregistered shares of the Company’s common stock (the “Shares”)"
Unregistered shares are company stock that was issued without going through the usual public registration process under securities law, meaning they carry legal limits on when and how they can be sold. For investors this matters because these shares are often harder to trade and may need to be held for a set period or meet specific conditions before sale, which affects liquidity, valuation and the timing of any potential gains or losses—think of them as tickets that aren’t yet cleared for resale.
continuous private offering financial
"made as part of the Company’s continuous private offering to investors"
accredited investors regulatory
"offering to investors that are accredited investors (as defined in Regulation D"
Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.
Regulation D regulatory
"accredited investors (as defined in Regulation D under the Securities Act"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
Section 4(a)(2) regulatory
"exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
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false 0001662972 0001662972 2026-06-01 2026-06-01
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 1, 2026

 

 

Blackstone Real Estate Income Trust, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Maryland   000-55931   81-0696966

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

345 Park Avenue

New York, New York 10154

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code:

(212) 583-5000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 3.02.

Unregistered Sales of Equity Securities.

On June 1, 2026, Blackstone Real Estate Income Trust, Inc. (the “Company”) sold unregistered shares of the Company’s common stock (the “Shares”) for aggregate consideration of approximately $41.0 million.

The following table details the Shares sold:

 

Title of Securities   Number of Shares Sold   Aggregate Consideration(1)
Class S-2 Shares   2,845,626   $41,044,521

 

(1)

Aggregate consideration for Class S-2 Shares includes upfront selling commissions of approximately $234,551. The purchase price was equal to the net asset value per Class S-2 share as of April 30, 2026, plus applicable upfront selling commissions. All of the upfront selling commissions were retained by, or reallowed (paid) to, participating broker-dealers.

The offer and sale of the Shares were made as part of the Company’s continuous private offering to investors that are accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”)) and were exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2) and Regulation D thereunder.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    BLACKSTONE REAL ESTATE INCOME TRUST, INC.
Date: June 4, 2026    
    By:  

/s/ Leon Volchyok

    Name:   Leon Volchyok
    Title:   Chief Legal Officer

FAQ

What did Blackstone Real Estate Income Trust (BSTT) disclose in this 8-K?

Blackstone Real Estate Income Trust disclosed a private sale of Class S-2 common shares to accredited investors, issuing 2,845,626 shares for $41,044,521 in aggregate consideration under a Regulation D exemption.

How many shares did Blackstone Real Estate Income Trust (BSTT) sell and for how much?

The company sold 2,845,626 Class S-2 common shares for total aggregate consideration of $41,044,521. This transaction occurred as part of its ongoing continuous private offering program to accredited investors.

What type of investors bought the new Blackstone Real Estate Income Trust (BSTT) shares?

The new Class S-2 shares were sold only to accredited investors. These are investors meeting specific income or net worth thresholds under Regulation D, allowing the company to rely on a private placement exemption.

Were the new Blackstone Real Estate Income Trust (BSTT) shares registered with the SEC?

No, the shares were not registered with the SEC. The sale relied on exemptions from registration under Section 4(a)(2) and Regulation D of the Securities Act, which permit certain private placements to accredited investors.

What class of stock did Blackstone Real Estate Income Trust (BSTT) issue in this transaction?

Blackstone Real Estate Income Trust issued Class S-2 common shares. The filing specifies that 2,845,626 Class S-2 shares were sold in a private offering for aggregate consideration of $41,044,521.

When did Blackstone Real Estate Income Trust (BSTT) complete this private share sale?

The private sale of Class S-2 shares was completed on June 1, 2026. On that date, the company sold 2,845,626 unregistered shares for aggregate consideration of $41,044,521 to accredited investors.

Filing Exhibits & Attachments

3 documents