Blackstone Private Real Estate Credit & Income Fund 8-K

What Happened
Blackstone Private Real Estate Credit & Income Fund filed a Form 8‑K (Item 3.02) reporting that, as of March 1, 2026 (with the final share count determined March 20, 2026), it sold 3,441,683 unregistered common shares of beneficial interest for total consideration of $90,000,000. The shares were issued under subscription agreements with participating investors and were sold pursuant to exemptions from registration under Section 4(a)(2) and Regulation D and/or Regulation S of the Securities Act of 1933.

Key Details

• Number of shares sold: 3,441,683 common shares (finalized March 20, 2026).
• Gross proceeds: $90,000,000.
• Sale date (initial): March 1, 2026; final share total determined March 20, 2026.
• Legal basis: Exempt from registration under Section 4(a)(2) and Regulation D and/or Regulation S; issued under subscription agreements.
• Par value: $0.01 per common share.

Why It Matters
This filing discloses a capital raise that increases the company’s outstanding common shares and provides $90 million in proceeds to the fund. For investors, key considerations are potential dilution from the new shares and monitoring future disclosures about how the fund will use the proceeds (investments, expenses, distributions, etc.). The sale being unregistered means the shares were privately placed under SEC exemptions rather than offered in a public registered offering.