Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated its aggregate monthly net asset value for its Class S, Class I, Class D and Class T shares of common stock, as of August 31, 2018.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a net asset value per share of approximately $10.83. Last month, Class S shares had a monthly net asset value of approximately $10.80 each.
Class I shares, which have a net asset value per share of approximately $10.81, 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 approximately $10.78.
Class D shares have a net asset value per share of approximately $10.69 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 $10.66.
Class T shares have a per share NAV of approximately $10.64 and are available through brokerage and transaction-based accounts. Last month, Class T shares had a per share NAV of $10.61.
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 more than $3.7 billion in investor equity, as of August 2018.
As of the second quarter of 2018, the REIT had acquired 314 properties with a total purchase price of $7.2 billion, inclusive of closing costs. The company also holds 74 positions in real estate-related debt securities that have a fair value of nearly $1.7 billion.