BREIT Reports Increased Monthly NAV for All Share Classes

Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, updated the monthly net asset values for its Class S, Class I, Class D, Class T, and Class C shares of common stock, for the month ended Feb. 29 and reported March 15, 2024.

As previously reported by The DI Wire, BREIT fulfilled 100% of repurchase requests in February 2024, the first time since 2022.

Its declared monthly NAV per share as of Feb 29, 2024, was as follows:

Class S shares had a NAV per share of $14.15, compared to $14.11 per share the previous month, a 0.28% increase.

Class I shares had a NAV per share of $14.15, compared to $14.12 per share the previous month, a 0.21% increase.

Class T shares had a NAV per share of $13.92, compared to $13.89 per share the previous month, a 0.22% increase.

Class D shares had a NAV per share of $13.83, compared to $13.80 per share the previous month, a 0.22% increase.

Class C shares had a NAV per share of $14.91, compared to $14.82 per share the previous month, a 0.61% increase.

The above also represents the BREIT’s April 1, 2024, transaction price.

BREIT is currently offering on a continuous basis up to $60 billion in shares of common stock, consisting of up to $48 billion in shares in its primary offering and up to $12 billion in shares pursuant to its distribution reinvestment plan. As of March 15, 2024, BREIT had issued and sold in the offering nearly 788.6 million shares of its common stock in the primary offering for total proceeds of $11.7 billion and more than 145.2 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of $2.1 billion. As of Feb. 29, 2024, its aggregate NAV was $59.5 billion.

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