Blackstone Sells $9.6M in Private Shares
The transaction targets accredited investors and underscores continued demand for Blackstone’s non-traded REIT offerings.
September 09, 2025
Blackstone Completes $9.6 Million Private Stock Sale in Real Estate Trust
On September 2, 2025, Blackstone Real Estate Income Trust (BREIT) raised roughly $9.6 million through the sale of unregistered common shares. The transaction was part of the trust’s ongoing private offering, aimed at accredited investors under Regulation D.
Two share classes were involved. BREIT sold 218,360 Class S-2 shares, bringing in just over $3 million. It also issued 477,317 Class I shares, generating approximately $6.6 million. The pricing for both was tied to net asset values as of July 31, 2025, with Class S-2 shares including an upfront selling commission.
These shares weren’t registered with the SEC. Instead, Blackstone relied on an exemption under Section 4(a)(2) of the Securities Act. That decision allows the firm to move quickly in raising capital without the procedural requirements of a public offering.
This sale reflects the continued appetite for non-traded REITs among institutional and high-net-worth investors. BREIT has leaned into this model, raising capital that can be deployed across a wide range of income-producing real estate investments. While the filing doesn’t say exactly where this round of capital will go, BREIT’s typical strategy includes acquisitions, reinvestment in existing assets, and broader portfolio management.
For Blackstone, the approach is straightforward: raise capital efficiently and put it to work across a diversified real estate portfolio. Private placements like this one are a key part of that strategy.
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