BREIT 2017 Annual Report

F-3 Blackstone Real Estate Income Trust, Inc. Consolidated Balance Sheets (in thousands, except share and per share data) December 31, December 31, 2017 2016 Assets Investments in real estate, net $ 3,406,555 $ — Investments in real estate-related securities 915,742 — Cash and cash equivalents 31,166 200 Restricted cash 126,563 — Other assets 145,282 — Total assets $ 4,625,308 $ 200 Liabilities and Equity Mortgage notes, term loans, and revolving credit facilities, net $ 2,111,291 $ — Repurchase agreements 682,848 — Affiliate line of credit 5,374 — Due to affiliates 133,071 86 Accounts payable, accrued expenses, and other liabilities 182,835 29 Total liabilities $ 3,115,419 $ 115 Commitments and contingencies — — Redeemable non-controlling interest 250 — Equity Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; no shares issued and outstanding as of December 31, 2017 and 2016 — — Common stock — Class S shares, $0.01 par value per share, 500,000,000 shares authorized; 130,085,145 and no shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 1,301 — Common stock — Class T shares, $0.01 par value per share, 500,000,000 shares authorized; 5,624,614 and no shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 56 — Common stock — Class D shares, $0.01 par value per share, 500,000,000 shares authorized; 3,955,114 and no shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 40 — Common stock — Class I shares, $0.01 par value per share, 500,000,000 shares authorized; 30,719,160 and 20,000 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 307 — Additional paid-in capital 1,616,720 200 Accumulated deficit and cumulative distributions (132,633) (115) Total stockholders' equity 1,485,791 85 Non-controlling interests 23,848 — Total equity 1,509,639 85 Total liabilities and equity $ 4,625,308 $ 200 See accompanying notes to consolidated financial statements.