BREIT 2018 Proxy Statement

Blackstone Real Estate Income Trust, Inc. 345 Park Avenue, 42nd Floor New York, New York 10154 PROXY STATEMENT FOR 2018 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 11, 2018 This Proxy Statement is being furnished by and on behalf of the Board of Directors of Blackstone Real Estate Income Trust, Inc., a Maryland corporation, in connection with the solicitation of proxies to be voted at the Annual Meeting. This Proxy Statement and the enclosed proxy card and our 2017 Annual Report to stockholders (the “Annual Report”) will be first mailed on or about March 20, 2018 to stockholders of record as of the close of business on March 15, 2018. The words “Blackstone Real Estate Income Trust,” “we,” “our,” “us,” and “our company” refer to Blackstone Real Estate Income Trust, Inc., together with its consolidated subsidiaries, including BREIT Operating Partnership L.P. (the “Operating Partnership”), a Delaware limited partnership of which we are the general partner, unless the context requires otherwise. The terms “BX REIT Advisors” and “the Adviser” each refer to BX REIT Advisors L.L.C., our adviser. The Adviser is an affiliate of our sponsor, The Blackstone Group L.P. (together with its affiliates, “Blackstone”). GENERAL INFORMATION ABOUT THE ANNUAL MEETING AND VOTING In this section of the Proxy Statement, we answer some common questions regarding our 2018 Annual Meeting and the voting of shares at the meeting. Where and when will the Annual Meeting be held? The Annual Meeting will be held at the offices of Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017 at 5:00 p.m., Eastern Daylight Time, on Monday, June 11, 2018. What is this document and why have I received it? This Proxy Statement and the enclosed proxy card are being furnished to you, as a stockholder of Blackstone Real Estate Income Trust, because our Board of Directors is soliciting your proxy to vote at the Annual Meeting. This Proxy Statement contains information that stockholders should consider before voting on the proposals to be presented at the meeting. We intend to mail this Proxy Statement and accompanying proxy card on or about March 20, 2018 to all stockholders of record entitled to vote at the meeting. What am I voting on? There are two proposals scheduled to be considered and voted on at the Annual Meeting: • Proposal 1 : Election of seven director nominees listed herein; and • Proposal 2 : Ratification of the appointment of Deloitte & Touche LLP, as our independent registered public accounting firm for the year ending December 31, 2018. 1