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 January 31, 2018.
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 $10.63. As of December 31, 2017, Class S shares had a monthly net asset value of approximately $10.58 each.
Class I shares, which have a net asset value per share of approximately $10.62, are sold to endowments, foundations, pension funds and other institutional investors, as well to REIT executives, directors, and their immediate family members. As of December 31, 2017, Class I shares had a net asset value per share of approximately $10.57.
Class D shares have a net asset value per share of approximately $10.52 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 $10.47 as of December 31, 2017.
Class T shares have a per share NAV of approximately $10.47 and are available through brokerage and transaction-based accounts. As of December 31, 2017, Class T shares had a per share NAV of $10.42.
Blackstone Real Estate Income Trust 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. The REIT oversees a $4.8 billion portfolio with 80 percent allocated in real estate and 20 percent in debt securities. The company’s property portfolio includes 29 properties (115 buildings) purchased for approximately $3.6 billion, as of December 2017. BREIT has raised more than $2 billion in investor equity since inception.