Blackstone Sells Over $3.8M in Class C Shares

The sale reflects Blackstone’s continued efforts to expand non-U.S. participation in its real estate income trust offerings.

January 21, 2026

Blackstone Executes Private Placement of Class C Shares

On January 14, Blackstone Real Estate Income Trust (BREIT) issued 234,941 shares of Class C common stock in a private sale totaling $3.81 million. The shares went to a non-U.S. feeder vehicle designed specifically to hold both Class I and Class C shares of BREIT, giving foreign investors streamlined access to the company’s real estate income platform.

This wasn’t a public offering. The sale was made under Regulation S and Section 4(a)(2) of the Securities Act—tools that allow U.S. companies to raise capital from international sources without registering the securities stateside. The feeder fund, in turn, offers interests to non-U.S. investors, creating a channel for global capital to flow into U.S. real estate managed by Blackstone.

The transaction, officially reported on January 20, reinforces BREIT’s approach to broadening its investor base. Offshore feeder vehicles continue to be an important part of that strategy, giving Blackstone a way to raise capital outside the constraints of traditional public offerings.

Based on the total consideration of $3,812,371, the implied price per share came in just above $16. The filing didn’t break down how the proceeds will be used or which parts of the real estate portfolio may benefit from this capital. But it does confirm that Blackstone is staying active in global fundraising, and that feeder structures remain central to how that capital is allocated.