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 April 30, 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 $10.71. As of March 31, 2018, Class S shares had a monthly net asset value of approximately $10.68 each.
Class I shares, which have a net asset value per share of approximately $10.70, are sold to endowments, foundations, pension funds and other institutional investors, as well to REIT executives, directors, and their immediate family members. As of March 31, 2018, Class I shares had a net asset value per share of approximately $10.66.
Class D shares have a net asset value per share of approximately $10.59 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 $10.56 as of March 31, 2018.
Class T shares have a per share NAV of approximately $10.54 and are available through brokerage and transaction-based accounts. As of March 31, 2018, Class T shares had a per share NAV of $10.51.
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 $2.5 billion in investor equity since inception and oversees a $7 billion portfolio comprised of 272 individual properties and 17 CMBS investments, as of March 2018.