BLACKSTONE REAL ESTATE INCOME TRUST, INC.
Class T, S, D, I and C Share Repurchase Plan
Effective as of December 30, 2022
Adviser BX REIT Advisors L.L.C.
Class C shares shall mean the shares of the Companys common stock classified as Class C.
Class D shares shall mean the shares of the Companys common stock classified as Class D.
Class I shares shall mean the shares of the Companys common stock classified as Class I.
Class S shares shall mean the shares of the Companys common stock classified as Class S.
Class T shares shall mean the shares of the Companys common stock classified as Class T.
Company shall mean Blackstone Real Estate Income Trust, Inc., a Maryland corporation.
Dealer Manager shall mean Blackstone Securities Partners L.P.
NAV shall mean the net asset value of the Company attributable to its Stockholders or the net asset value of a class of its shares, as the context requires, determined in accordance with the Companys Net Asset Value Calculation and Valuation Guidelines as described in the Companys prospectus.
Operating Partnership shall mean BREIT Operating Partnership L.P.
Operating Partnership units shall mean limited partnership interests in the Operating Partnership.
Plan shall mean this share repurchase plan of the Company.
Special Limited Partner shall mean BREIT Special Limited Partner L.L.C.
Stockholders shall mean the holders of Class T, Class S, Class D, Class I and Class C shares.
Transaction Price shall mean the repurchase price per share for each class of common stock, which shall be equal to the then-current offering price before applicable selling commissions and dealer manager fees.
Share Repurchase Plan
Stockholders may request that the Company repurchase shares of its common stock through their financial advisor or directly with the Companys transfer agent. The procedures relating to the repurchase of shares of the Companys common stock are as follows:
Certain broker-dealers require that their clients process repurchases through their broker-dealer, which may impact the time necessary to process such repurchase request, impose more restrictive deadlines than described under this Plan, impact the timing of a Stockholder receiving repurchase proceeds and require different paperwork or process than described in this Plan. Stockholders should contact their broker-dealer first if they want to request the repurchase of their shares.