Management Change/Compensation (Form 8-K)

On February 26, 2026, the Board of Directors (the "Board") of Blackstone Real Estate Income Trust, Inc. (the "Company") appointed Paul Kolodziej as Chief Financial Officer and Treasurer of the Company, effective as of the close of business on February 27, 2026.

Concurrent with this appointment and effective as of the close of business on February 27, 2026, Anthony Marone stepped down from his role as the Company's Chief Financial Officer and Treasurer. Mr. Marone will continue to serve as the Global Head of Real Estate Finance for Blackstone.

Mr. Kolodziej, 46, is a Managing Director with Blackstone Real Estate and served as the Company's Deputy Chief Financial Officer from December 2023 to February 2026. He previously served as the Company's Chief Accounting Officer and principal accounting officer from March 2019 to December 2023, and as the Company's Controller from June 2016 to March 2019. Prior to joining Blackstone in June 2016, Mr. Kolodziej was a Senior Manager at PricewaterhouseCoopers LLP, where he provided assurance services to financial service clients focused on real estate investment trusts, private real estate funds and hedge funds. During his time at PricewaterhouseCoopers LLP, Mr. Kolodziej also completed a two-yearrotation in PricewaterhouseCoopers LLP's SEC Services Group within their National Office, focusing on client consultations over a wide range of matters related to security registrations and ongoing SEC filing requirements. Mr. Kolodziej received a B.S. in Accountancy from DePaul University and is a Certified Public Accountant.

Mr. Kolodziej is a Managing Director in Blackstone Real Estate and was requested by Blackstone to serve as Chief Financial Officer and Treasurer of the Company. There are no family relationships between Mr. Kolodziej and any director or executive officer of the Company and there are no transactions between him and the Company that would be required to be reported under Item 404(a) of Regulation S-K.