BREIT CEO Wesley LePatner dies in July 28 incident; Rob Harper named interim CEO; reports $2.4B H1 net loss

Blackstone Real Estate Income Trust, Inc.

CEO Wesley LePatner died in tragic incident on July 28; board appointed Rob Harper interim CEO on August 7.
H1 2025 net loss of $2.4B vs $752M loss in prior year; same property NOI grew 3%.
YTD return (Class I) 3.1%; annualized since inception 9.3% vs 5.3% for public REITs.
Data center exposure increased to 17% of portfolio from 10% a year ago; QTS development pipeline $25B+.
Rental housing and industrial sectors show strong fundamentals; market rents ~11% above in-place rents.

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