BREIT 2018 Proxy Statement

Blackstone Real Estate Income Trust, Inc. 345 Park Avenue, 42nd Floor New York, New York 10154 NOTICE OF 2018 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT To our Stockholders: We hereby notify you that Blackstone Real Estate Income Trust, Inc., a Maryland corporation (the “Company”), is holding its 2018 Annual Meeting of Stockholders (the “Annual Meeting”) at 5:00 p.m., Eastern Daylight Time, on Monday, June 11, 2018, at the offices of Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017. At the Annual Meeting, stockholders will be asked to consider and vote upon: 1. the election of seven director nominees listed in the Proxy Statement; 2. the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2018; and 3. such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. You can vote your shares of common stock at the Annual Meeting and any adjournments or postponements thereof if the Company’s records show that you were a stockholder of record as of the close of business on March 15, 2018, the record date for the Annual Meeting. Stockholders, whether or not they expect to be present at the Annual Meeting, are requested to authorize a proxy to vote their shares electronically via the Internet, by telephone or by completing and returning the proxy card. Voting instructions are printed on your proxy card and included in the accompanying Proxy Statement. Any person giving a proxy has the power to revoke it at any time prior to the meeting and stockholders who are present at the meeting may withdraw their proxies and vote in person. Sincerely, /s/ Leon Volchyok Leon Volchyok Chief Legal Officer, Chief Compliance Officer and Secretary March 20, 2018