---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-003654"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:51:35.343516+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Blackstone REIT creates Class C common stock for non-U.S. investors; authorized common increased to 10.5B

## Summary
- New Class C shares created with minimal distributions; income accreting to NAV, similar to Class I.
- Authorized common stock raised to 10.5 billion; 500 million shares designated as Class C.
- Advisory agreement and limited partnership agreement amended to reflect Class C designation.
- Share repurchase plan updated to include Class C shares; effective December 30, 2022.

## SEC filing metadata
- accession: 0001193125-23-003654
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/0001193125-23-003654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/d441613d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-003654
- JSON: https://secwatch.observer/filing/0001193125-23-003654.json
- Plain text: https://secwatch.observer/filing/0001193125-23-003654.txt

## Key facts
- Governance Changes
  Blackstone Real Estate Income Trust, Inc.: Increased authorized capital stock to 10,600,000,000 shares and common stock to 10,500,000,000 shares via Articles of Amendment, and designated 500,000,000 Class C shares via Articles Supplementary (effective 2022-12-30).
  - Change: charter amendment
  - Effective: 2022-12-30
  source text: On December 30, 2022, the Company filed Articles of Amendment (the “Articles of Amendment”) to its charter with the Maryland State Department of Assessments and Taxation (“SDAT”) to increase the number of shares of capital stock that the Company has authority to issue to 10,600,000,000 and the number of shares of common stock, par value $0.01 per share, that the Company has authority to issue to 10,500,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/0001193125-23-003654-index.htm
- Material Agreements
  Blackstone Real Estate Income Trust, Inc. entered into Third Amended and Restated Advisory Agreement with BX REIT Advisors L.L.C. (effective 2022-12-30).
  - Action: entry
  - Counterparty: BX REIT Advisors L.L.C.
  - Effective: 2022-12-30
  source text: On December 30, 2022, the Company entered into a Third Amended and Restated Advisory Agreement (the “Advisory Agreement”) by and among the Company, BREIT Operating Partnership, L.P. (the “Operating Partnership”) and BX REIT Advisors L.L.C. to make certain updates reflecting the designation of Class C shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/0001193125-23-003654-index.htm
- Material Agreements
  Blackstone Real Estate Income Trust, Inc. entered into Third Amended and Restated Limited Partnership Agreement with BREIT Special Limited Partner L.P. (effective 2022-12-30).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: BREIT Special Limited Partner L.P.
  - Effective: 2022-12-30
  source text: On December 30, 2022, the Company entered into a Third Amended and Restated Limited Partnership Agreement (the “A&R OP Agreement”) for the Operating Partnership by and among the Company, BREIT Special Limited Partner L.P. and the limited partners party thereto, to make certain updates reflecting the designation of Class C units of the Operating Partnership.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662972/000119312523003654/0001193125-23-003654-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.