Director boosts Blackstone Real Estate Income Trust (BSTT) stake with share buy

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. director Susan Carras reported an open-market purchase of Class I Common Stock. On March 2, 2026, she bought 7,038.239 shares at an average price of 14.2081 per share. Following this transaction, her direct holdings total 71,525.179 shares of Class I Common Stock.

In addition to her direct position, she also reports 17,542.629 shares of Class I Common Stock held indirectly through a limited liability company, as noted in a footnote.

Insider Trade Summary

Net Buyer: 7,038.239 shares

Net Buy 2 txns

Insider Carras Susan

Role Director

Bought 7,038.239 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	Class I Common Stock	7,038.239	$14.2081	$100K
holding	Class I Common Stock	--	--	--

Holdings After Transaction: Class I Common Stock — 71,525.179 shares (Direct); Class I Common Stock — 17,542.629 shares (Indirect, See footnote)

Footnotes (1)

1. F1. Held through a limited liability company.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:25 PM Learn about SEC filing dates

FAQ

What insider transaction did Susan Carras report for BSTT?

Susan Carras reported an open-market purchase of Class I Common Stock. She bought 7,038.239 shares on March 2, 2026, increasing her disclosed ownership position in Blackstone Real Estate Income Trust, Inc. Class I shares.

How many Blackstone Real Estate Income Trust (BSTT) shares did Susan Carras buy and at what price?

Susan Carras bought 7,038.239 Class I Common shares at an average price of 14.2081 per share. This open-market transaction on March 2, 2026 is reported as a purchase of non-derivative securities.

What is Susan Carras’s direct ownership in BSTT after this Form 4 transaction?

After the reported purchase, Susan Carras directly owns 71,525.179 shares of Blackstone Real Estate Income Trust, Inc. Class I Common Stock. This post-transaction balance reflects her holdings following the 7,038.239-share open-market buy.

Does Susan Carras report any indirect ownership of BSTT shares?

Yes. In addition to her direct holdings, she reports 17,542.629 Class I Common shares held indirectly. A footnote explains these shares are held through a limited liability company, indicating ownership via that entity rather than in her own name.

What type of security did Susan Carras acquire in the BSTT Form 4 filing?

The filing shows she acquired non-derivative securities described as Class I Common Stock. The transaction code is reported as a purchase in the open market, distinguishing it from derivatives such as options or other convertible instruments.

Was the Susan Carras BSTT transaction a buy or sell?

The transaction is classified as a buy. The Form 4 identifies it as an open-market purchase, with 7,038.239 Class I Common shares acquired at an average price of 14.2081 on March 2, 2026.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Carras Susan

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		P		7,038.239	A	$14.2081	71,525.179	D
Class I Common Stock								17,542.629	I	See footnote(1)

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. Held through a limited liability company.

Remarks:

	/s/ Leon Volchyok, Attorney-in-Fact	03/03/2026
	** 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.