Blackstone Real Estate Income Trust, Inc.

Blackstone Real Estate Income Trust, Inc. (BREIT or the Company) invests primarily in stabilized, income-generating commercial real estate in the United States and, to a lesser extent, outside the United States. The Company to a lesser extent invests in real estate debt investments. The Company is the sole general partner and majority limited partner of BREIT Operating Partnership L.P., a Delaware limited partnership (BREIT OP). BREIT Special Limited Partner L.P. (the Special Limited Partner), a wholly owned subsidiary of Blackstone Inc. (together with its affiliates, Blackstone), owns a special limited partner interest in BREIT OP. Substantially all of the Company’s business is conducted through BREIT OP. The Company and BREIT OP are externally managed by BX REIT Advisors L.L.C. (the Adviser). The Adviser is part of the real estate group of Blackstone, a leading global investment manager. The Company was formed on November 16, 2015, as a Maryland corporation and qualifies as a real estate investment trust (REIT) for U.S. federal income tax purposes. The Company registered an offering with the Securities and Exchange Commission (the SEC) of up to 60.0 billion dollars in shares of common stock, consisting of up to 48.0 billion dollars in any combination of Class I, Class S-2, Class D-2, and Class T-2 shares in its primary offering and up to 12.0 billion dollars in any combination of Class I, Class S, Class S-2, Class D, Class D-2, Class T and Class T-2 shares pursuant to its distribution reinvestment plan, which the Company began using to offer shares of its common stock in September 2025 (the Current Offering). The share classes have different upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees. Class S, D, and T shares of the Company's common stock are only available to existing holders of such classes pursuant to the Company’s distribution reinvestment plan. In addition to the Current Offering, the Company is conducting private offerings of Class I, Class C and Class F shares to certain feeder or other vehicles created to hold the Company’s shares and other assets, which in turn sell interests in themselves to other investors as described in the Company’s prospectus. Further, the Company is conducting private offerings of Class I, Class S-2, Class D-2, and Class T-2 shares to certain accredited investors through certain participating broker dealers. All such private offerings are or will be, as applicable, exempt from the registration provisions of the Securities Act of 1933, as amended (the Securities Act), by virtue of Section 4(a)(2) and/or Regulation D or Regulation S promulgated thereunder. The Company intends to continue selling shares in the Current Offering and private offerings monthly. As of September 30, 2025, the Company owned, in whole or in part, 4,540 properties and 62,007 single family rental homes. The Company currently operates in nine reportable segments: Rental Housing, Industrial, Net Lease, Office, Hospitality, Retail, Data Centers, Self-Storage, and Investments in Real Estate Debt. Rental Housing includes multifamily and other types of rental housing such as student, affordable, manufactured and single-family rental housing, as well as senior living. Net Lease includes the real estate assets of The Bellagio Las Vegas, The Cosmopolitan of Las Vegas, and the Company’s unconsolidated investment in a Net Lease platform. Blackstone Real Estate Income Trust, Inc was incorporated on 16th November 2015 in Maryland and based in New York.