BSTT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• In November 2025, BREIT and BREIT OP commenced the DST Program to issue and sell DST Interests in DSTs holding DST Properties through private offerings. These DST Interests will be issued and sold to “accredited investors” as that term is defined under Regulation D promulgated by the SEC under the S…

• Under the DST Program, each DST Property may be sourced from our real properties or acquired from third parties, will be held in a separate DST, and will be leased by the DST to a wholly-owned subsidiary of BREIT OP under a master lease agreement. In accordance with the master lease, we are responsi…

• •Declared monthly net distributions totaling $590.8 million for the three months ended March 31, 2026. The details of the average annualized distribution rates and total returns are shown in the following table:

• •Sold 35 industrial properties, 26 rental housing properties(3), two office properties, and one retail property for total net proceeds of $2.0 billion. We recognized a net realized gain of $327.3 million related to the disposition of such properties, net of the impairments recorded during the quarte…

• •Acquired 82 net lease properties for a total purchase price of $65.8 million (at BREIT's share) through our Reliant Net Lease Platform.

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• During the third quarter, real estate transaction activity continued to strengthen as the recovery of commercial real estate from its cyclical downturn continued, further supported by the decline in construction starts and continuing low supply (including in sectors in which our portfolio is concent…

• The Federal Reserve lowered interest rates in September and October of 2025, and interest rates are likely to continue to decline. Continued deceleration in inflation should also encourage further lowering of interest rates, which would be constructive for real estate values. Nevertheless, the timin…

• Earlier this year, tariff announcements in the U.S. and ongoing global trade negotiations contributed to significant uncertainty and volatility of debt and equity markets. More recently, there has been greater clarity in the U.S. policy environment and lower market volatility. Nevertheless, a resurf…

• •Declared monthly net distributions totaling $590.7 million for the three months ended September 30, 2025. The details of the average annualized distribution rates and total returns are shown in the following table:

• •Sold 24 rental housing properties, 17 industrial properties, one retail property, and three hospitality properties for total net proceeds of $1.7 billion. We recognized a net realized gain of $305.5 million, net of the impairments recorded during the quarter, related to the disposition of such prop…