Blackstone Raises $1.46M Through Offshore Class C Share Sale
The transaction targets non-U.S. investors via a feeder fund structured for international access.
May 19, 2025
Blackstone Taps Global Investors with Strategic Equity Sale
On May 14, 2025, Blackstone Real Estate Income Trust, Inc. (BREIT) sold 95,425 shares of its Class C common stock to a non-U.S. feeder vehicle, raising $1.46 million. The shares were offered through a private placement that did not require registration with the SEC, taking advantage of Regulation S and Section 4(a)(2) to stay in line with U.S. securities law.
This feeder vehicle was set up specifically to hold Class I and Class C shares of BREIT. It gives non-U.S. investors a path to participate in the fund without the need for direct U.S. registration. Structuring the investment this way helps Blackstone broaden its reach globally—bringing in capital from offshore investors without adding complexity to its domestic operations.
Class C shares like these often serve a particular purpose within a fund’s capital strategy. In this case, they’re part of a deliberate approach to attract a specific investor segment while keeping the structure efficient. Transactions like this allow firms like Blackstone to manage capital inflows with precision.
The filing was signed by Leon Volchyok, BREIT’s Chief Legal Officer, and dated May 16, 2025. While the transaction is relatively small, it fits into a broader pattern of how major real estate funds are thinking globally and operating with flexibility. It’s one more example of how firms are shaping capital strategy to match investor demand—wherever it comes from.
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