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Blackstone Real Estate Income Trust buys $321M of real estate post-Q1

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Blackstone Real Estate Income Trust buys $321M of real estate post-Q1

Diversified real estate investment trust Blackstone Real Estate Income Trust Inc. bought $321.2 million of real estate in three separate deals after the first quarter.

The subsidiary of private equity giant Blackstone Group LP also acquired $213.1 million of real estate-related debt securities subsequent to first-quarter end.

The company also offered an update regarding its best-efforts offering of a maximum of $5.00 billion of its common shares. As of May 11, Blackstone Real Estate had sold 271,629,863 common shares for net proceeds of $2.8 billion.