Blackstone REIT Adjourns Annual Meeting Until Late July
Blackstone Real Estate Income Trust Inc., a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), adjourned its annual meeting of stockholders to July 26th to allow stockholders additional time to consider an amendment to the company’s charter. The meeting was originally scheduled for June 20th and was previously adjourned to July 11th.
Stockholders of record as of April 1, 2017 will vote on whether to change the calculation of the cap from a per share basis to a per account basis with respect to total upfront selling commissions, dealer manager fees and stockholder servicing fees.
The annual meeting will be held on July 26, 2017 at 8:30 a.m., EST at the offices of Simpson Thacher & Bartlett in New York City.
Blackstone Real Estate Income Trust is a $4 billion offering that plans to invest in stabilized income-oriented commercial real estate in the United States. The company is headquartered in New York City and externally managed by BX REIT Advisors., a subsidiary of Blackstone. Blackstone currently manages various private investment funds and one publicly-traded REIT. Last month, the REIT added its seventh property to its $1.2 billion portfolio. As of June 20th, the company has sold approximately 88.9 million shares of common stock for more than $890 million.
