Blackstone Real Estate Income Trust (BREIT) has launched a Delaware statutory trust platform with two new share classes, Class L and Class L-2. The DST is designed for ultra-high-net-worth and institutional investors seeking tax-deferred 1031 exchanges.
The DST platform will give investors the opportunity to convert interests into operating partnership units in the REIT, which can eventually offer a path to liquidity through BREIT common stock and cash.
DST sales saw a slight decrease in October, raising $773 million, compared to September’s $826.2 million. However, year-over
