FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *

Kim Brian

2. Date of Event Requiring Statement (Month/Day/Year)

04/30/2018

3. Issuer Name and Ticker or Trading Symbol

Blackstone Real Estate Income Trust, Inc. [NONE]
(Last)
(First)
(Middle)


C/O BLACKSTONE REAL ESTATE INCOME TRUST,, INC. 345 PARK AVENUE

4. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks

5. If Amendment, Date Original Filed (Month/Day/Year)

(Street)

NEW YORK, NY 10154
(City)
(State)
(Zip)

6. Individual or Joint/Group Filing

(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)

2. Amount of Securities Beneficially Owned (Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership (Instr. 5)

Class I Common Stock

49,850.449
D
 


Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)

2. Date Exercisable and Expiration Date (Month/Day/Year)

3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)

4. Conversion or Exercise Price of Derivative Security

5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)

6. Nature of Indirect Beneficial Ownership (Instr. 5)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares



Remarks:

Head of Acquisitions and Capital Markets Exhibit 24 - Power of Attorney



Signatures

/s/ Leon Volchyok, Attorney-in-Fact

04/30/2018
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

                               POWER OF ATTORNEY

KNOW ALL PEOPLE BY THESE PRESENTS, that the person whose signature appears below
hereby makes, constitutes and appoints each of Frank Cohen, Paul D. Quinlan, A.
J. Agarwal, Wesley LePatner and Leon Volchyok with full power to act without the
other, as his agent and attorney-in-fact with full powers of substitution and
revocation, for the purpose of executing in his name, in his capacity as an
officer of Blackstone Real Estate Income Trust, Inc., such forms that the
undersigned may be required to file with the U.S. Securities and Exchange
Commission as a result of the undersigned's ownership of or transactions in
securities of Blackstone Real Estate Income Trust, Inc. (i) pursuant to Section
16(a) of the Securities Exchange Act of 1934, as amended, including without
limitation, statements on Form 3, Form 4 and Form 5 (including any amendments
thereto), and (ii) in connection with any applications for EDGAR access codes or
any other documents necessary or appropriate to obtain codes and passwords
enabling the undersigned to make electronic filings with the Securities and
Exchange Commission, including without limitation the Form ID. The undersigned
acknowledges that Frank Cohen, Paul D. Quinlan, A. J. Agarwal, Wesley LePatner
and Leon Volchyok are not assuming any of the undersigned's responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934, as amended.

The Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with regard to his or
her ownership of or transactions in securities of Blackstone Real Estate Income
Trust, Inc., unless earlier revoked by the undersigned in writing.

IN WITNESS WHEREOF, I have executed this instrument as of the 26th day of March,
2018.


/s/ Brian Kim
--------------------------------------
Brian Kim                               Head of Acquisitions and Capital Markets