BREIT names COO Wesley LePatner CEO effective Jan 1, 2025; current CEO Frank Cohen retires, remains Chairman

Blackstone Real Estate Income Trust, Inc.

Wesley LePatner promoted from COO to CEO effective January 1, 2025; she has been a director and COO since July 2016.
Frank Cohen retires as CEO after nearly 30 years at Blackstone; will remain Chairman of BREIT's Board.
BREIT reported 10% annualized net return on Class I shares since inception 7.5 years ago, outperforming public REITs.
Portfolio over 85% concentrated in data centers, industrial, and rental housing in Sunbelt markets.
LePatner is a Senior Managing Director and Global Head of Blackstone's Core+ real estate business.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Frank Cohen

Chief Executive Officer

BSTT · Blackstone Real Estate Income Trust, Inc.

Effective: 2025-01-01
Successor: Wesley LePatner
Filed: August 22, 2024, 7:59 PM ET

Mr. Cohen delivered his retirement notice with respect to his position as Chief Executive Officer of the Company on August 21, 2024, with an effective date of January 1, 2025.

Role change

Wesley LePatner

Chief Executive Officer

BSTT · Blackstone Real Estate Income Trust, Inc.

Effective: 2025-01-01
Filed: August 22, 2024, 7:59 PM ET

On August 21, 2024, the Board of Directors (the “Board”) of Blackstone Real Estate Income Trust, Inc. (the “Company”) promoted Wesley LePatner, the Company’s current Chief Operating Officer and a director, to be the Company’s new Chief Executive Officer, effective January 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Cohen retired as Chief Executive Officer at Blackstone Real Estate Income Trust, Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Mr. Cohen delivered his retirement notice with respect to his position as Chief Executive Officer of the Company on August 21, 2024, with an effective date of January 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Wesley LePatner changed role as Chief Executive Officer at Blackstone Real Estate Income Trust, Inc..

Action: promoted
Role: Chief Executive Officer

Exact text from the filing

On August 21, 2024, the Board of Directors (the “Board”) of Blackstone Real Estate Income Trust, Inc. (the “Company”) promoted Wesley LePatner, the Company’s current Chief Operating Officer and a director, to be the Company’s new Chief Executive Officer, effective January 1, 2025.

View on SEC.gov

Blackstone Real Estate Income Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001662972-24-000123

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