# EDGAR Filing Document

**Accession Number:** 0001662972
**File Stem:** 0001193125-23-013273
**Filing Date:** 2023-1
**Character Count:** 8648
**Document Hash:** 01e081d71bfd8d33ddb380b3f55e30cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-013273.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001193125-23-013273

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230123

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-260168
- **FILM NUMBER:** 23545310

**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 January 23, 2023** 

**Registration No. 333-260168** 

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**POST-EFFECTIVE** 

**AMENDMENT NO. 4** 

**TO** 

**Form S-11** 

**FOR REGISTRATION** 

***UNDER***

***THE SECURITIES ACT OF 1933***

***OF SECURITIES OF CERTAIN***

***REAL ESTATE COMPANIES***

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## Blackstone Real Estate Income Trust, Inc.
**(Exact Name of Registrant as Specified in Governing Instruments)** 

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**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)** 

**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)** 

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***With copies to:***

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| | |
|:---|:---|
| **Benjamin C. Wells**<br> **Simpson Thacher & Bartlett LLP**<br> **425 Lexington Avenue**<br> **New York, New York 10017**<br> **(212) 455-3577** | **Robert H. Bergdolt**<br> **DLA Piper LLP (US)**<br> **4141 Parklake Avenue, Suite 300**<br> **Raleigh, North Carolina 27612-2350**<br> **Telephone: (919) 786-2000** |

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**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. 333-260168

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):

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

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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. ☐

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**EXPLANATORY NOTE** 

This Post-Effective Amendment No. 4 to the Registration Statement on Form S-11 (No. 333-260168) 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:

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;3.1 | [Articles of Amendment, dated December 30, 2022 (filed as Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed on January 6, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613dex31.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;3.2 | [Articles Supplementary Designating Class C Common Stock, dated December 30, 2022 (filed as Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed on January 6, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613dex32.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.1 | [Share Repurchase Plan (filed as Exhibit 4.1 to the Registrant's Current Report on Form 8-K filed on January 6, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613dex41.htm) |
| 10.1 | [Third Amended and Restated Advisory Agreement, dated December 30, 2022, by and among Blackstone Real Estate Income Trust, Inc., BREIT Operating Partnership, L.P. and BX REIT Advisors L.L.C. (filed as Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on January 6, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613dex101.htm) |
| 10.2 | [Third Amended and Restated Limited Partnership Agreement of BREIT Operating Partnership L.P., dated December 30, 2022, by and between Blackstone Real Estate Income Trust, Inc., BREIT Special Limited Partner L.P. (f/k/a BREIT Special Limited Partner L.L.C.) and the limited partners party thereto from time to time (filed as Exhibit 10.2 to the Registrant's Current Report on Form 8-K filed on January 6, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613dex102.htm) |

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**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 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 January 23, 2023.

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| | |
|:---|:---|
| **Blackstone Real Estate Income Trust, Inc.** | **Blackstone Real Estate Income Trust, Inc.** |
| By: | /s/ Frank Cohen |
|  | Frank Cohen<br> Chairman of the Board and<br> Chief Executive Officer |

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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-11 has been signed by the following persons in the following capacities on January 23, 2023.

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| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Frank Cohen<br> Frank Cohen | Chairman of the Board and Chief Executive Officer<br> (principal executive officer) |
| /s/ Anthony F. Marone, Jr.<br> Anthony F. Marone, Jr. | Chief Financial Officer and Treasurer<br> (principal financial officer) |
| /s/ Paul Kolodziej<br> Paul Kolodziej | Chief Accounting Officer<br> (principal accounting officer) |
| \*<br> A. J. Agarwal | Director |
| \*<br> Wesley LePatner | Director |
| \*<br> Brian Kim | Director |
| \*<br> Susan Carras | Independent Director |
| \*<br> Raymond J. Beier | Independent Director |
| \*<br> Richard I. Gilchrist | Independent Director |
| \*<br> Field Griffith | Independent Director |
| \*<br> Edward Lewis | Independent Director |

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| | |
|:---|:---|
| \*By: | /s/ Frank Cohen |
|  | Frank Cohen<br> Attorney-in-fact |

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