Blackstone Real Estate Income Trust Inc., a publicly registered non-traded REIT sponsored by private equity giant Blackstone (NYSE: BX), has appointed Paul Kolodziej as its chief accounting officer. He previously served as company’s controller since June 2016 and is a senior vice president at Blackstone Real Estate.
Kolodziej will also serve as the company’s principal accounting officer, replacing Paul Quinlan with respect to that role. Quinlan will continue to serve as the company’s chief financial officer and treasurer and acts as its principal financial officer.
Prior to joining Blackstone in June 2016, Kolodziej was a senior manager at PricewaterhouseCoopers LLP, where he provided assurance services to financial service clients focused on real estate investment trusts, private real estate funds and hedge funds.
During his time at PricewaterhouseCoopers LLP, he also completed a two-year rotation in PricewaterhouseCoopers LLP’s SEC Services Group within their national office, focusing on client consultations over a range of matters related to security registrations and ongoing SEC filing requirements.
Kolodziej received a bachelor’s degree in accountancy from DePaul University and is a certified public accountant.
Blackstone Real Estate Income Trust, a perpetual life, monthly NAV REIT, invests in stabilized income-oriented commercial real estate in the United States and real estate-related securities. The company is headquartered in New York City and externally managed by BX REIT Advisors, a subsidiary of Blackstone.
Blackstone REIT has raised $5.5 billion in investor equity as of March 15, 2019. The company oversees a $13.9 billion portfolio of 474 commercial real estate properties as of December 2018, and its investment portfolio also included 102 positions in real estate-related securities that totaled $2.3 billion.