BREIT 2017 Annual Report

Table of Contents Page PART I. ITEM 1. BUSINESS 1 ITEM 1A. RISK FACTORS 6 ITEM 1B. UNRESOLVED STAFF COMMENTS 57 ITEM 2. PROPERTIES 58 ITEM 3. LEGAL PROCEEDINGS 58 ITEM 4. MINE SAFETY DISCLOSURES 58 PART II. ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 59 ITEM 6. SELECTED FINANCIAL DATA 65 ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 66 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 78 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 78 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 79 ITEM 9A. CONTROLS AND PROCEDURES 79 ITEM 9B. OTHER INFORMATION 79 PART III. ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 80 ITEM 11. EXECUTIVE COMPENSATION 80 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 80 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 80 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 80 PART IV. ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 81 ITEM 16. FORM 10-K SUMMARY 83 SIGNATURES 84