12700 Hill Country Blvd., Suite T-200
Austin, Texas 78738
July 13, 2022
Dear Stockholder:
We have previously sent you proxy material for the American Campus Communities virtual special meeting to be held on August 4, 2022. At the virtual special meeting, you will be asked to consider and vote on a proposal to approve the merger of American Campus Communities, Inc. with and into Abacus Merger Sub I LLC, a wholly owned subsidiary of Abacus Parent LLC, an affiliate of each of Blackstone Real Estate Income Trust, Inc. and Blackstone Property Partners L.P. To ensure that your shares are counted, please take a moment right now and return the enclosed proxy card.
Our Board of Directors has unanimously determined that the merger is advisable and in the best interests of us and our stockholders and recommends that you vote “FOR” the approval of the merger and the other proposals on the agenda.
To make it convenient for you to vote, we are enclosing a duplicate proxy card for your use. We have also made arrangements for you to be able to vote by telephone or internet, as well as by mail. Simply follow the instructions on the enclosed proxy card.
Please vote by telephone or internet today!
The merger must be approved by the affirmative vote of a majority of the holders of our common stock entitled to cast votes on the matter. If you don’t vote, your non-vote will have the same effect as a vote against the merger. Remember—every share and every vote counts!
If you have any questions or need assistance in voting, please call our proxy solicitor, MacKenzie Partners, Inc., at (800) 322-2885.
Thank you for your continued support.
Sincerely,
Daniel B. Perry
Executive Vice President, Chief Financial Officer, Treasurer
and Secretary