# EDGAR Filing Document

**Accession Number:** 0001662972
**File Stem:** 0001662972-23-000018
**Filing Date:** 2023-2
**Character Count:** 5690
**Document Hash:** 0d9744f22c89c8b3095a082df9b31011
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001662972-23-000018.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001662972-23-000018

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230217

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**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:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55931
- **FILM NUMBER:** 23643995

**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

?xml version="1.0" ? breit-20230213

**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): February 13, 2023**

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

**(Exact Name of Registrant as Specified in its Charter)** 

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| | | |
|:---|:---|:---|
| **Maryland** | **000-55931** | **81-0696966** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(IRS. Employer**<br>**Identification No.)** |

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**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

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |

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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. ☐

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**Item 3.02. Unregistered Sale of Equity Securities**

***Regents of the University of California Transaction***

The Regents of the University of California ("UC Investments") subscribed for an additional 33,916,700.583 Class I shares of Blackstone Real Estate Income Trust, Inc. (the "Company") for a total purchase price of $500 million. This new investment is expected to close on March 1, 2023, and is being made at the Company's March 1, 2023 public offering price with fees and terms consistent with existing stockholders. The offer and sale of the shares are exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2).

This new investment will have the same structure, terms, and fees as UC Investments' initial $4 billion investment that the Company announced on January 3, 2023, including an effective 6-year minimum hold period, and Blackstone Inc. will contribute an incremental $125 million of its current Company holdings into its long-term strategic venture with UC Investments.

***Class C Common Stock***

On February 13, 2023, the Company sold unregistered shares (the "Shares") of the Company's Class C common stock to a feeder vehicle primarily created to hold the Company's Class I common stock and Class C common stock, which in turn offers interests in itself to certain non-U.S. persons. The offer and sale of the Shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Regulation S thereunder. The following table details the Shares sold to such feeder vehicle:

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| | | |
|:---|:---|:---|
| **Date of Unregistered Sale** | **Number of Class C Common Shares Issued to Feeder Vehicles** | **Consideration** |
| February 13, 2023 | 14202 | $209370 |

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**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.

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| | | |
|:---|:---|:---|
|  | BLACKSTONE REAL ESTATE INCOME TRUST, INC. | BLACKSTONE REAL ESTATE INCOME TRUST, INC. |
| Date: February 17, 2023 |  |  |
|  | By: | /s/ Leon Volchyok |
|  | Name: | Leon Volchyok |
|  | Title: | Chief Legal Officer and Secretary |

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