UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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): November 21, 2025

Blackstone Private Real Estate Credit and Income Fund

(Exact name of registrant as specified in its charter)


Delaware	814-01853	33-6657275
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


345 Park Avenue New York, NY			10154
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code: (212) 583-5000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 3.02. Unregistered Sales of Equity Securities.

As of November 1, 2025, Blackstone Private Real Estate Credit and Income Fund (the “Company”) sold unregistered common shares of beneficial interest, par value $0.01 per share (the “Common Shares”) (with the final number of Common Shares being determined on November 21, 2025) pursuant to subscription agreements entered into with the participating investors. The offer and sale of the Common Shares was exempt from the registration provisions of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof and Regulation D thereunder and/or Regulation S under the Securities Act. The following table details the Common Shares sold:

Date of Unregistered Sale

Amount
of
Common
Shares

Consideration

As of November 1, 2025 (number of Common Shares finalized on November 21, 2025)

2,311,248

$60,000,000

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	BLACKSTONE PRIVATE REAL ESTATE CREDIT AND INCOME FUND

Date: November 24, 2025	By:	/s/ William Renahan
	Name:	William Renahan
	Title:	Chief Compliance Officer and Secretary

Blackstone Private Real Estate Credit & Income Fund 8-K