Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by private equity giant The Blackstone Group (NYSE: BX), had a total net asset values of approximately $54 billion as of Jan. 31, 2025, an approximate increase of 0.08% month-over-month.
The transaction price for each class of common stock for subscriptions accepted as of March 1, 2025 (and repurchases as of Feb. 28, 2025) is as follows:
Class S shares had a NAV per share of $13.7556, compared to $13.7075 per share the previous month, approximately a 0.35% increase.
Class I shares had a NAV per share of $13.7642, compared to $13.7133 per share the previous month, approximately a 0.37% increase.
Class T shares had a NAV per share of $13.5302, compared to $13.4809 per share the previous month, approximately a 0.37% increase.
Class D shares had a NAV per share of $13.438, compared to $13.3892 per share the previous month, approximately a 0.36% increase.
Class C shares had a NAV per share of $15.13, compared to $15.0145 per share the previous month, approximately a 0.77% increase.
Additionally, the REIT declared gross distributions across asset classes of $0.0541 on Feb. 27, 2025. This was an approximate 1.82% decrease from the previous month’s $0.0551. Both values are prior to stockholder servicing fees.
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 Feb. 14, BREIT had issued and sold in the offering roughly 910.06 million shares of its common stock in the primary offering for total proceeds of $13.4 billion and approximately 207.08 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of $3 billion. As of Jan. 31, 2025, it had nearly 3.93 billion outstanding shares.
Previously reported by AltsWire, BREIT said it continues to actively develop new data centers through its QTS platform. As of Dec. 31, 2024, these data center developments were 100% pre-leased in substantially all cases to investment grade tenants, and upon completion will generate aggregate incremental annual revenues for BREIT of $864 million in their first year of operation.
In November 2024, the Blackstone REIT sold eight properties to Brookfield Properties for a total of $845 million.
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