The Firm recently represented Blackstone Real Estate Income Trust, Inc. (“BREIT”), a public non-traded real estate investment trust, in connection with its follow-on public offering of up to $60 billion in shares of common stock. The shares of common stock will be offered on a continuous basis.
BREIT intends to use the proceeds from the offering to invest primarily in stabilized income-generating U.S. commercial real estate across the key property types, including residential, industrial, net lease, hospitality, data center, self storage, office and retail assets, as well as more targeted sectors, such as healthcare. BREIT is externally managed by BX REIT Advisors L.L.C., a subsidiary of Blackstone Inc.
The Simpson Thacher team included Benjamin Wells, Nathan Somogie, Jasmin Ali and Cody Lipke (Retail Funds); and Nancy Mehlman and Preston Irace (Tax).