Blackstone Real Estate Income Trust (BSTT) officer increases Class I share holdings

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. insider share purchase is reported for an officer serving as Head of Asset Management. On 01/02/2026, the reporting person acquired 1,355.71 shares of Class I common stock in a purchase transaction at a price of $14.0148 per share.

After this transaction, the officer beneficially owns 558,320.414 shares of Class I common stock in direct ownership. The holding total includes shares that were acquired through the company’s Distribution Reinvestment Plan, where dividends are automatically reinvested into additional shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Harper Robert G IV

(Last) (First) (Middle)

C/O BLACKSTONE REAL ESTATE INCOME TRUST,

INC. 345 PARK AVENUE

(Street)

NEW YORK NY 10154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Real Estate Income Trust, Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Asset Management

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class I Common Stock	01/02/2026		P		1,355.71	A	$14.0148	558,320.414(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares acquired through the Issuer's Distribution Reinvestment Plan.

Remarks:

	/s/ Leon Volchyok, Attorney-in-Fact	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BSTT report in this Form 4?

The filing reports that a Blackstone Real Estate Income Trust, Inc. officer serving as Head of Asset Management purchased 1,355.71 shares of Class I common stock on 01/02/2026.

At what price were the new BSTT shares acquired by the officer?

The Class I common stock was purchased at a price of $14.0148 per share in the reported transaction.

How many BSTT shares does the insider own after this transaction?

Following the reported purchase, the officer beneficially owns 558,320.414 shares of Blackstone Real Estate Income Trust, Inc. Class I common stock in direct ownership.

What type of security is involved in this BSTT insider filing?

The transaction involves Class I common stock of Blackstone Real Estate Income Trust, Inc.

Does the BSTT insider’s reported position include Distribution Reinvestment Plan shares?

Yes. The filing states that the beneficially owned amount includes shares acquired through the issuer's Distribution Reinvestment Plan.

Were any derivative securities reported in this BSTT Form 4?

No derivative securities are listed as acquired, disposed of, or beneficially owned in the derivative securities table.

Is the BSTT insider’s ownership direct or indirect after this trade?

The filing shows the 558,320.414 shares as held with direct (D) ownership.