Blackstone REIT Updates Monthly NAV

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 Feb. 28, 2023.

Class S shares had an NAV per share of $14.78, compared to $14.73 as of Jan. 31, 2022. The total return for Class S shares in January 2023 was positive 0.7% (not annualized).

Class I shares had an NAV per share of $14.79, compared to $14.74 the previous month. The total return for Class I shares was negative 0.7% (not annualized).

Class T shares had an NAV per share of $14.56, compared to $14.51 the month prior. The total return for Class T shares was negative 0.7% (not annualized).

Class D shares had an NAV per share of $14.47, compared to $14.42 previous month. The total return was negative 0.7% (not annualized).

The company had nearly 4.8 billion shares outstanding as of Feb. 28, 2023.

As The DI Wire previously reported, the company received repurchase requests of $3.9 billion in February 2023, approximately 26% less than the total received in January. However, redemptions still far exceeded the company’s 2% limit of total net asset value per month.

Blackstone Real Estate Income Trust’s initial offering launched in August 2016 and has raised approximately $60 billion in three public offerings as of June 2022. The current offering has raised $6.6 billion, and as of Feb. 28, 2023, its aggregate NAV was $70.5 billion.

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