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 October 31, 2017.
According to a filing with the Securities and Exchange Commission, Class S shares, which are purchased through brokerage and transaction-based accounts, have a net asset value per share of approximately $10.51. As of September 30, 2017, Class S shares had a monthly net asset value of approximately $10.47 each.
Class I shares, which have a net asset value per share of approximately $10.50, are sold to endowments, foundations, pension funds and other institutional investors, as well to REIT executives, directors, and their immediate family members. As of September 30, 2017, Class I shares had a net asset value per share of approximately $10.46.
Class D shares have a net asset value per share of approximately $10.41 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. Class D shares had a NAV per share of approximately $10.38 as of September 30, 2017.
Class T shares have a per share NAV of approximately $10.35 and are available through brokerage and transaction-based accounts. As of September 30, 2017, Class T shares had a per share NAV of $10.32.
Blackstone Real Estate Income Trust is a $4 billion offering that invests 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. The REIT’s $2.5 billion portfolio consists of 20 properties, and as of November 17th, the company had raised approximately $1.5 billion in investor equity.