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 May 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 $10.73. Last month, Class S shares had a monthly net asset value of approximately $10.71 each.
Class I shares, which have a net asset value per share of approximately $10.72, 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 $10.70.
Class D shares have a net asset value per share of approximately $10.61 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 $10.59.
Class T shares have a per share NAV of approximately $10.55 and are available through brokerage and transaction-based accounts. Last month, Class T shares had a per share NAV of $10.54.
In other Blackstone REIT news, the company recently filed a registration statement with the Securities and Exchange Commission for an additional $10 billion in shares.
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 $2.8 billion in investor equity since inception and oversees a $6.8 billion portfolio comprised of 272 individual properties and various CMBS investments, as of March 2018.