# EDGAR Filing Document

**Accession Number:** 0001662972
**File Stem:** 0001662972-26-000038
**Filing Date:** 2026-3
**Character Count:** 8298
**Document Hash:** 279b3c2d7c7cc1c0b9b85aa7df686b3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001662972-26-000038.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001662972-26-000038

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**EFFECTIVENESS DATE**: 20260316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Real Estate Income Trust, Inc.
- **CENTRAL INDEX KEY:** 0001662972
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 810696966
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-280059
- **FILM NUMBER:** 26757472

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-583-5000

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Royal Blue Trust, Inc.
- **DATE OF NAME CHANGE:** 20160106

**As filed with the Securities and Exchange Commission on March 16, 2026**

**Registration No. 333-280059**

<u><br></u>

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

<u><br></u>

**POST-EFFECTIVE** 

**AMENDMENT NO. 2** 

**to** 

**Form S-11**

***FOR REGISTRATION***

***UNDER***

***THE SECURITIES ACT OF 1933***

***OF SECURITIES OF CERTAIN***

***REAL ESTATE COMPANIES***

<u><br></u>

**Blackstone Real Estate Income Trust, Inc.** 

**(Exact Name of Registrant as Specified in Governing Instruments)** 

<u><br></u>

**345 Park Avenue** 

**New York, NY 10154** 

**(212) 583-5000**

**(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)** 

<u><br></u>

**BX REIT Advisors L.L.C.** 

**Leon Volchyok** 

**345 Park Avenue** 

**New York, NY 10154** 

**(212) 583-5000**

**(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)** 

<u><br></u>

***With copies to:***

---

| | |
|:---|:---|
| **Benjamin C. Wells**<br>**Simpson Thacher & Bartlett LLP**<br>**425 Lexington Avenue**<br>**New York, New York 10017**<br>**(212) 455-2000** | **Robert H. Bergdolt**<br>**DLA Piper LLP (US)**<br>**4141 Parklake Avenue, Suite 300**<br>**Raleigh, North Carolina 27612-2350**<br>**(919) 786-2000** |

---

<u><br></u>

**Approximate date of commencement of proposed sale to the public:** As soon as practicable after this registration statement becomes effective.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ Registration No. 333-280059

If delivery of the prospectus is expected to be made pursuant to Rule 434, check the following box. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| | | 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 7(a)(2)(B) of the Securities Act. ☐

<u><br></u>

------

**EXPLANATORY NOTE** 

This Post-Effective Amendment No. 2 to the Registration Statement on Form S-11 (No. 333-280059) is filed pursuant to Rule 462(d) solely to add exhibits not previously filed with respect to such Registration Statement.

**PART II** 

**Information Not Required in the Prospectus** 

**Item 36. Financial Statements and Exhibits.** 

(b) *Exhibits*. The following exhibits are filed as part of this registration statement:

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 21.1 | <u>[Subsidiaries of the Registrant](https://www.sec.gov/Archives/edgar/data/1662972/000166297226000032/exhibit211.htm)</u><u>[(filed as Exhibit 21.1 to the Registrant's Annual Report on Form 10-K filed on February 27, 2026 and incorporated herein by reference)](https://www.sec.gov/Archives/edgar/data/1662972/000166297226000032/exhibit211.htm)</u> |
| 23.1\* | <u>[Consent of Deloitte & Touche LLP](exhibit231-posex.htm)</u> |

---

____________

\*Filed herewith

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-11 and has duly caused this Post-Effective Amendment No. 2 to the Registration Statement on Form S-11 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on March 16, 2026.

---

| | |
|:---|:---|
| **Blackstone Real Estate Income Trust, Inc.** | **Blackstone Real Estate Income Trust, Inc.** |
| By: | /s/ Katharine A. Keenan |
|  | Katharine A. Keenan |
|  | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 2 to the Registration Statement on Form S-11 has been signed by the following persons in the following capacities on March 16, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Katharine A. Keenan | Chief Executive Officer and Director<br>(principal executive officer) |
| Katharine A. Keenan | Chief Executive Officer and Director<br>(principal executive officer) |
| /s/ Paul Kolodziej | Chief Financial Officer and Treasurer<br>(principal financial officer and principal accounting officer) |
| Paul Kolodziej | Chief Financial Officer and Treasurer<br>(principal financial officer and principal accounting officer) |
| \* | Director |
| A.J. Agarwal | Director |
| \* | Director |
| Zaneta Koplewicz | Director |
| \* | Chairman of the Board |
| Frank Cohen | Chairman of the Board |
| \* | Independent Director |
| Raymond J. Beier | Independent Director |
| \* | Independent Director |
| Susan Carras | Independent Director |
| \* | Independent Director |
| Richard I. Gilchrist | Independent Director |
| \* | Independent Director |
| Field Griffith | Independent Director |
| \* | Independent Director |
| Edward Lewis | Independent Director |

---

---

| | |
|:---|:---|
| \*By: | /s/ Katharine A. Keenan |
|  | Katharine A. Keenan |
|  | Attorney-in-fact |

---

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement No. 333-280059 on Form S-11 of our report dated February 27, 2026 relating to the financial statements of Blackstone Real Estate Income Trust, Inc., appearing in the Annual Report on Form 10-K of Blackstone Real Estate Income Trust, Inc. for the year ended December 31, 2025. We also consent to the reference to us under the heading "Experts" in such Registration Statement.

/s/ Deloitte & Touche LLP

New York, New York

March 16, 2026

<br>