Equity OfferingApr 7, 2026, 04:36 PM
Blackstone Real Estate Income Trust Raises $63.2 Million Through Unregistered Sale of Class S-2 Shares
AI Summary
Blackstone Real Estate Income Trust, Inc. (BSTT) announced an unregistered sale of equity securities on April 1, 2026, generating approximately $63.2 million in aggregate consideration. The company sold 4,416,474 Class S-2 Shares as part of its continuous private offering to accredited investors. This capital raise provides BSTT with additional funding, likely for general corporate purposes or investment opportunities, demonstrating its ongoing ability to access private capital markets. The transaction was exempt from registration provisions under Section 4(a)(2) and Regulation D of the Securities Act.
Key Highlights
- Blackstone Real Estate Income Trust, Inc. (BSTT) completed an unregistered sale of common stock on April 1, 2026.
- The company raised an aggregate consideration of approximately $63.2 million from this equity offering.
- Specifically, 4,416,474 Class S-2 Shares were sold for a total consideration of $63,179,022.
- The aggregate consideration included approximately $353,801 in upfront selling commissions, which were paid to participating broker-dealers.
- The shares were sold at the net asset value per Class S-2 share as of February 28, 2026, plus applicable upfront selling commissions.
- The offering was conducted as part of the Company’s continuous private offering to accredited investors and was exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.