Blackstone Real Estate Income Trust Declares Monthly NAV Per Share

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 August 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 $10.41. Last month, Class S shares had a monthly net asset value per share of approximately $10.32

Class I shares, which have a net asset value per share of approximately $10.40, are sold to endowments, foundations, pension funds and other institutional investors, as well by REIT executives, directors, and their immediate family members. Last month, Class I shares had a net asset value per share of nearly $10.31.

Class D shares have a net asset value per share of approximately $10.35 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 $10.26 last month.

Class T shares have a per share NAV of approximately $10.29. Last month, Class T shares had a per share NAV of $10.23.

Blackstone Real Estate Income Trust is a $4 billion offering that plans to invest 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 $2.2 billion portfolio consists of 17 properties, and as of September 20th, the company had raised nearly $1.3 billion in investor equity.

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