secwatch.observer — SEC 8-K summary
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Issuer:     Blackstone Real Estate Income Trust, Inc. (BSTT)
CIK:        0001662972
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001193125-25-263107
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BREIT launches DST program and new Class L/L-2 shares for accredited investors with lower fees
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- DST program sells beneficial interests in real properties to accredited investors via private offerings; includes master lease and FMV purchase option for OP units.
- New Class L ($50M min) and Class L-2 ($250M min) shares created for accredited investors under Rule 506(c); management fees 1.00% and 0.85% vs 1.25% for other classes.
- Sixth amended advisory and OP agreements to support DST program and new share classes; new OP unit classes T-1, S-1, D-1 designated for FMV exchanges.
- Charter amended: authorized common shares increased to 17.3B; 500M Class L and 500M Class L-2 shares designated.
- Share repurchase plan amended to include the new share classes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000119312525263107/0001193125-25-263107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000119312525263107/d52486d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-263107

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