Blackstone Real Estate Income Trust Review 2022 | Real Estate Crowdfun (2022)

Category: Non-accredited investor funds
Honors: Top core-plus funds


Update 2018-05-11: Blackstone reports that it's leverage has increased from below-average 41% to above average 60% (average for core plus is 50%). And apparently this is the new target. So this review has been updated with that information.


Blackstone is the 1000-pound gorilla in any real estate room. They've been around for over 26 years and manage a mind-blowing $104 billion of real estate assets. Their portfolios currently hold over 53,000 multifamily units, 197,000 hotel units, 43 million ft.² of retail, and 24 million ft.² of industrial properties.

The Blackstone Real Estate Income Trust is a rare bird as well. It's one of the few core-plus strategy funds that many institutional investors feel should be part of the bedrock of a real estate portfolio (along with core).

Core/core plus funds outperform other strategies over the long-term, by using conservative techniques and leverage. This returnslower in boom times, but holds up much better in bad. The fund is currently returning 5.79% net in distributions, and 10.9% net in total return (distributions + price appreciation), as of May 2018. (About 65% of the distribution was shielded from taxes last year by depreciation).

Even though the fund was only started in January 2017, it's already well diversified in a way that only a company like Blackstone could pull off. As of March of 2019 it's already in 491 assets across geographies and asset classes, totaling a crowdfunding industry record-setting $11.9 billion in assets under management (AUM).


The lockup and withdrawal are also one of the best in the industry. You can even withdraw your money in the 1st year, although you will pay a 5% penalty. After that there is no penalty at all. And you can redeem in any month. They also charge no acquisition or management fee. (See the competitor matrix for a list of all fees).

Leverage is conservative by non-accredited investor standards at 60% (although above the average of accredited investor core-plusfunds at 50%).

(Video) Is A Real Estate Investment Trust A Good Idea?

One possibledownside for some is that the BREIT does not allow in every non-accredited investor and has income requirements. These are much lower than accredited investor standards, but still will be too high for some.

Investors must have either:

  1. a net worth of at least $250,000
    or

  2. a gross annual income of at least $70,000 and a net worth of at least $70,000.

Also, certain states have additional suitability standards.

Some might argue that BREIT's extreme popularity has now become a negative (ormay become one in the future). When a fund grows too large, it can no longer make medium and small purchases (since they no longer move the needle). Instead it can only purchase large deals. This may cause them tocompete with public REITs and they may find it difficult or impossible to purchase properties at the same discount as before. If so this may negatively affect future performance.

As an example, BREIT announced in June of 2019 that they completed the largest private real estate transaction everwhich some might not view positively.


Share Classes

(Video) Private Equity Fund vs REIT

There are four classes of shares: S, T, I and D. The class S and class T shares have very high fees, taking away 8.75% of the return in sales commissions alone. In my opinion, this is out of line for a conservative investment that doesn't yield that much, and I personally would not to invest in any investment doing that.

On the other hand, class I and class D have much lower fees. Class I is the cheapest and best on fees, but normally requires a $1 million minimum. Thankfully, The Real Estate Crowdfunding Review Investor Club has found a firm that will allow club members to access the no-share-fee class-I shares without the usual $1 million minimum).

The other downsides are more minor. It has a higher $2500 minimum investment (versus $1000 average). And it also has a hurdle and split fee structure, which many competitors don't have/charge (5% preferred return, 75.5% investor/12.5% sponsor split with a high watermark).

But overall those are minor quibbles. For non-accredited investors who do qualify, this is a very strong offering. And it's one of the few non-accredited offerings that's competitive and potentially compelling to accredited investors as well.

  • Advantages: implements a difficult to find core-plus strategy, conservative leverage, seems to be achieving benchmark, good diversification, typical to excellent fee structure in most areas.

  • Disadvantages: Not all nonaccredited investors will qualify. Higher than usual minimum investment ($2500 versus $1000 average), Charges a promote fee via up preferred return and waterfall (5% preferred return, 75.5% investor/12.5% sponsor split with high watermark) compared to many competitors that don't. Large size may mean the end of the older discounted purchases at some point.

  • Accolades: one of the top funds in core-plus strategy

    (Video) The Real Estate Crowdfunding Show - Ep. 432 w/ Chris Fraley (RealtyMogul)

For more raw data on the site (including investor and sponsor fees, legal structure etc.), or to easily compare it with the data of competitors, see thefeature by feature comparison matrix.

Where can I discuss Blackstone Real Estate Income Trust?


You can do this with thousands of other investors in the private investor club. While the club is free, membership isrestricted to investors who have no business connections to sponsors or platforms. Also, all members must agree to keep all club infoconfidential by signing a nondisclosure agreement. Click here to join or get more info.

Other Similar Investment Sites:


Looking to compare this site to its competitors? Here are the reviews and rankings…

  • Blackstone Real Estate Income Trust (BREIT)

  • Broadstone Real Estate Access (BDREX)

  • stREITwise 1st stREIT Office

    (Video) Crowdfunding Commercial Real Estate Investing - Interview w/CrowdStreet CEO

  • Impact Housing REIT

  • Medalist Diversified REIT

  • Fundrise eREITs and eFunds

  • AHP Servicing

  • RealtyMogul MogulREIT I + II

  • Upside Avenue

  • Groundfloor

  • All other sites (ranked and reviewed)


How to pick?

Check out our step-by-step guide.

(Video) Where Does Real Estate Fit in a Post-Pandemic Portfolio? Exclusive Interview with Aaron Halfacre

  • The newbie guide to picking non-accredited investor funds)

Blackstone Real Estate Income Trust is one of the few core-plus strategy funds that many institutional investors feel should be part of the bedrock of a real estate portfolio. Even though the fund was only started in January 2017, it's already well diversified in a way that only Blackstone could pull off. The Real Estate Crowdfunding Review Investor Club has found a firm that will allow club members to access the no-share-fee class-I shares without the usual $1 million minimum. It's one of the few non-accredited offerings that's competitive and potentially compelling to accredited investors. Advantages: Higher than usual minimum investment ($2500 versus $1000 average), Promoting fee via up preferred return and waterfall.

Disadvantages: Not all nonaccredited investors will qualify. Large size may mean the end of the older discounted purchases at some point. How I Raised $15 million in 90 Minutes - Real Estate Investing Made Simple. P2P Lending Video Podcast #94 - Introduction to Real Estate Syndication - Private Fund vs REIT & What is a PPM?

Ten może być datowany, nie być już dokładny i/lub brakować istotnych informacji niezbędnych do dokonania skutecznej inwestycji. I najwyraźniej to jest nowy cel. Breita nie pozwala w każdym nieposiadającym akredytacji inwestora i ma wymagania dochodowe. Nadal będą zbyt wysokie dla niektórych. Może to spowodować, że ekstremalna popularność Breita stała teraz negatywna.

Blackstone Real Estate Income Trust is one of the najlepszych funduszy w strategii core-pluswięcej surowych danych na stronie. Wyższa niż zwykle minimalna inwestycja ($2500 vs $ 1000 średnia) będę kwalifikować.

In the first quarter, Blackstone's real estate profits rose to $547 million, twice the figure in the year-earlier quarter. It's diversified across commercial real estate types (69% multifamily, 21% industrial, 7% hospitality, 3% retail). Blackstone Real Estate Income Trust has raised $3.1 billion of equity capital since its launch in 2016. As of July 2021, BREIT has a total of 1,508 real estate properties in the. The median home-sale price reached $358,766, a 24% year-over-year increase to a record high.

Blackstone has acquired QTS Realty Trust for about $10 billion. Blackstone Real Estate Income Trust (Blackstone REIT) is a public non-listed REIT. The real estate investment trust's shares shot up 7% to $25.04 before the bell. The Core+ Real Estate business also comprises strategies tailored for income-focused individual investors including, Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone's European yield-oriented strategy. Blackstone is the world's largest asset manager.

Blackstone is buying Home Partners through an investment fund named Blackstone Real Estate Income Trust. REITs are required to meet certain standards set by the IRS. You should carefully read the information set forth in the "Risk Factors" section of the prospectus. BPP U.S. is a part of Blackstone's Core+ business, which is the fastest growing segment within Blackstone Real Estate, with over $60 billion of. assets.

BREIT will seek to directly own stabilized income-generating commercial real estate across key property types and to a lesser extent in real estate debt. Landmark Properties, a vertically integrated student housing developer and owner-operator, has entered into a joint-venture partnership with Blackstone Real Estate Income Trust, Inc. The partnership will recapitalize eight student housing assets totaling 5,416 beds across the U.S. The private equity firm acquired Preferred Apartment Communities in an all-cash transaction for $5.8 billion. It reported net income of $794.7 million, or $1.13 a share for the third quarter. Blackstone's leverage has increased from below-average 41% to above average 60%.

Crowdfunding is a relatively new way to invest in commercial real estate. Some sites give everyday investors access to assets traditionally reserved for the wealthy. Crowdstreet has attracted more than 100,000 investors across the U.S. over the past five years. The Crowdstreet platform gives direct access to a vetted range of real estate investments. Unlike some crowdfunding platforms, DiversyFund doesn't charge management or broker fees.

EquityMultiple focuses almost entirely on institutional commercial real estate. Fundrise recently added tax-advantaged real estate investments (Opportunity Zone and 1031 exchange) to its lineup. PeerStreet is an online marketplace where accredited investors can invest in high-quality private real estate loans. Since 2012, more than 219,000 investors have joined RealtyMogul to access its REITs and private market offerings. The company vets every potential property in person and scrutinizes each deal using propriety methods and models.

Crowdfunding enables investors to invest in real estate without owning, financing, or managing properties. Most real estate crowdfunding deals have a sponsor, a crowdfunding platform, and investors. The sponsor acquires, manages, and sells the investment; the crowdfunding platform connects the sponsor to interested investors. Crowdfunding gives individual investors access to commercial real estate projects, such as hotels, apartment complexes, medical complexes, self-storage, and retail. Carefully research the crowdfunding platform, sponsor, and opportunity before investing any money. The platforms we reviewed boast annual returns ranging from 2% to nearly 20%.

Crowdfunding real estate development. Real estate crowdfunding is an investment avenue that uses crowdfunding or sourcing capital from a "crowd" of investors. It allows investors to toraise money for investments in real estate assets like multifamily apartments, retail centers, office buildings, and other types of real estate. The JOBS Act of 2012 reversed an 85-year-old rule against advertising in real estate. Developers no longer had to prove they had a 'preexisting relationship' with a prospect. They can now advertise virtually any way they want, including on the Internet.

This page shows a list of all 13D/G filings made by Blackstone Real Estate Income Trust, Inc. Click the link icon to see the full transaction history. The term "beneficial owner" is defined under SEC rules and includes any person who directly or indirectly shares voting power or investment power. Form 8-K CURRENT REPORT. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of earliest event reported): May 13, 2022. Blackstone Real Esta05-18 sec.gov - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Blackstone Real Estate Income Trust, Inc. (Exact Name of Registrant as Specified in its Charter) Maryland 000-55931 81-0696966 (State or Other Jurisdiction of IncorporaBLACKSTONE REAL ESTATE INCOME TRUST, INC. Filed Pursuant to Rule 424(b)(3) Registration No. 333-260168.

Blackstone er den 1000 pund gorilla i enhver fast ejendom vaerelse. Deres porteføljer har i øjeblikket over 53,000 multifamilieenheder. Og det er åbenbart det nye mål. Breit er meget lavere end akkrediterede investorstandarder, men vil stadig vaere for høje for nogle. Nogle måske ikke ser positivt at købe ejendomme med samme rabat som før.

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Videos

1. Crowdfunding Real Estate Investment - www.byootcapital.com
(Byoot Design & Build)
2. How to Compound Your Money - Real Estate Investing Made Simple with Grant Cardone LIVE at 12PM EST
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3. The Millionacres Hour: Interview with Eliot Bencuya, CEO of Streitwise
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4. PropFunds Real Estate Crowdfunding
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5. The Real Estate Crowdfunding Show - Ep. 423 w/ Aaron Halfacre (Modiv)
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6. What to Expect in a Real Estate Offering
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