Blackstone Real Estate Income Trust Breaks Escrow with Net Proceeds of $279 Million
January 04 2017 - 8:30AM
Business Wire
Blackstone Real Estate Income Trust, Inc. (the “Company”) today
announced that it has broken escrow with approximately $279 million
in net proceeds for its continuous public offering (the
“Offering”). In connection with breaking escrow, the Company issued
and sold 27,859,345 shares of its common stock in the Offering. The
Company intends to continue selling shares in the Offering on a
monthly basis.
About Blackstone Real Estate Income Trust
Blackstone Real Estate Income Trust, Inc. is a public non-traded
real estate investment trust (REIT) focused on investing primarily
in stabilized income-oriented commercial real estate in the United
States. The Company is headquartered in New York City and is
externally managed by BX REIT Advisors L.L.C., a subsidiary of
Blackstone. Further information is available
at www.bxreit.com.
About Blackstone
Blackstone (NYSE:BX) is one of the world’s leading investment
firms. Blackstone seeks to create positive economic impact and
long-term value for its investors, the companies it invests in, and
the communities in which it works. Blackstone does this by using
extraordinary people and flexible capital to help companies solve
problems. Blackstone’s asset management businesses, with over $360
billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all
on a global basis. Further information is available
at www.blackstone.com. Follow Blackstone on
Twitter @Blackstone.
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which reflect the Company’s current views with respect to, among
other things, The Company’s operations and financial performance.
You can identify these forward-looking statements by the use of
words such as “outlook,” “indicator,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates” or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. The
Company believes these factors include but are not limited to those
described under the section entitled “Risk Factors” in its
Registration Statement on Form S-11 (File No. 333-213043), as such
factors may be updated from time to time in its periodic filings
with the Securities and Exchange Commission (“SEC”) which are
accessible on the SEC’s website at www.sec.gov. These factors
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in the filings. The Company assumes no obligation to update or
supplement forward‐looking statements that become untrue because of
subsequent events or circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20170104005780/en/
Investor and Media RelationsBlackstone Real Estate Income
TrustKaren Sprogis, 212-583-5854Head of Investor
Relationssprogis@blackstone.comorBlackstonePaula Chirhart,
212-583-5263Media Relationspaula.chirhart@blackstone.com
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