Blackstone REIT Sells $4M in Class C Shares to Offshore Feeder Vehicle
The transaction expands international investor access to Blackstone’s U.S. real estate income platform.
August 19, 2025

Blackstone REIT Executes $3.9M Private Sale to Non-U.S. Investment Structure
On August 14, Blackstone Real Estate Income Trust (BREIT) issued 256,925 shares of Class C common stock in a private transaction totaling nearly $4 million. The shares were sold to a feeder vehicle created to hold both Class I and Class C shares on behalf of non-U.S. investors.
This feeder structure opens a path for international capital to access BREIT while staying compliant with U.S. securities rules. The offering qualified for exemption under Section 4(a)(2) and Regulation S of the Securities Act, meaning it was not made available to the public and didn’t require SEC registration.
BREIT continues to tap diverse sources of capital to support its income-focused real estate strategy. While the filing didn’t outline specific uses for the proceeds, this type of equity raise typically helps fund new acquisitions, pay down debt, or support general operations.
The transaction was finalized and reported in an 8-K signed August 18 by Chief Legal Officer Leon Volchyok. No new securities were listed on public exchanges as part of the sale, and no changes were made to the company’s reporting standards.
For non-U.S. investors looking for exposure to U.S. commercial real estate, this feeder setup provides a direct and efficient way in. And for BREIT, it’s another way to keep its capital base aligned with its long-term investment priorities.
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