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:   2024-08-22T23:59:59+00:00
Accession:  0001662972-24-000123
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000166297224000123/0001662972-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000166297224000123/breit-20240821.htm
  HTML page:      https://secwatch.observer/filing/0001662972-24-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer