---
schema_version: "secwatch.filing_event.v1"
accession: "0001662972-25-000118"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:57:23.576855+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001662972-25-000118
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000166297225000118/0001662972-25-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000166297225000118/breit-20250815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662972-25-000118
- JSON: https://secwatch.observer/filing/0001662972-25-000118.json
- Plain text: https://secwatch.observer/filing/0001662972-25-000118.txt

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