Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net asset values for its Class S, Class I, Class D and Class T shares of common stock, as of January 31, 2018.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a net asset value per share of approximately $10.88. Last month, Class S shares had a monthly net asset value of approximately $10.82 each.
Class I shares, which have a net asset value per share of approximately $10.85, are sold to endowments, foundations, pension funds and other institutional investors, as well to REIT executives, directors, and their immediate family members. Last month, Class I shares had a net asset value per share of nearly $10.80.
Class D shares have a net asset value per share of approximately $10.74 each and are sold through fee-based programs known as wrap accounts, and through participating broker-dealers, certain registered investment advisers, and through bank trust departments or other organizations. Last month, Class D shares had a NAV per share of approximately $10.68.
Class T shares have a per share NAV of approximately $10.68 and are available through brokerage and transaction-based accounts. Last month, Class T shares had a per share NAV of $10.63.
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 nearly $5 billion in investor equity as of January 2019, and oversees a $13.9 billion portfolio of 474 commercial real estate properties as of December 2018. As of the third quarter of 2018, the REIT’s investment portfolio also included 93 positions in real estate-related securities that totaled $2 billion.