- Blackstone Real Estate Income Trust, Inc. increased its authorized capital stock from **16,400,000,000** to **17,400,000,000** shares, effective **November 3, 2025**, to facilitate new offerings.  **[1662972_0001193125-25-263107_d52486dex31.htm:0]** 
- The company launched a **Delaware Statutory Trust (DST) program** to offer beneficial interests in real properties to accredited investors.  **[1662972_0001193125-25-263107_d52486d8k.htm:1]** **[1662972_0001193125-25-263107_d52486d8k.htm:1]** 
- New common stock classes, **Classes L and L-2**, were introduced for accredited investors, requiring minimum initial investments of **$50 million** and **$250 million**, respectively, and will incur management fees of **1.00%** and **0.85%** of NAV per annum, respectively.  **[1662972_0001193125-25-263107_d52486d8k.htm:1]** **[1662972_0001193125-25-263107_d52486d8k.htm:1]** **[1662972_0001193125-25-263107_d52486d8k.htm:2]** **[1662972_0001193125-25-263107_d52486dex101.htm:12]** 
- The company's Share Repurchase Plan was amended, effective **November 3, 2025**, to incorporate these new share classes.  **[1662972_0001193125-25-263107_d52486d8k.htm:6]** **[1662972_0001193125-25-263107_d52486dex41.htm:1]**

Blackstone Real Estate Income Trust (BSTT)