Exhibit (a)(1)(i)
BLACKSTONE REAL ESTATE INCOME MASTER FUND
c/o Blackstone Real Estate Income Advisors L.L.C
345 Park Avenue
New York, New York 10154
If you do not want to tender your common shares of beneficial
interest at this time, please disregard this notice.
This is simply a notification of the Fund’s tender offer.
November 20, 2019
Dear Shareholder:
This letter serves to inform you of important dates relating to a tender offer by Blackstone Real Estate Income Master Fund (the “Fund”). If you are not interested in tendering your common shares of beneficial interest, $0.001 par value per share, of the Fund (“Shares”) for repurchase at this time, please disregard this notice and take no action.
Please note that the sale of Shares that were issued on or after February 1, 2019 will be subject to an “early withdrawal fee”, which will reduce your proceeds by 2%. In addition, the sale of Shares may be subject to income and transfer taxes.
The tender offer period will begin on November 20, 2019 and end at 11:59 p.m., Eastern Time, on December 20, 2019. The purpose of the tender offer is to provide liquidity to Shareholders of the Fund. Shares may be presented to the Fund for repurchase only by tendering them during one of the Fund’s announced tender offers.
If you do not wish to tender your Shares for any reason, simply disregard this notice.No action is required if you do not wish to tender any portion of your Shares at this time.
Should you wish to tender all or some of your Shares during this tender offer period, and you have not issued a standing letter of instruction to the Fund with tender offer instructions, please complete the enclosed Letter of Transmittal and return itby mail or fax to the Fund’s administrator State Street Bank and Trust Company, 1 Heritage Drive, Mail Code: OHD0100, North Quincy, MA 02171, Attention: Blackstone Real Estate Income Master Fund, Fax: (617) 956-0400.
All Shareholders tendering Shares should carefully review their Letter of Transmittal and follow the delivery instructions therein.
All tenders of Shares must be received in good order by the Fund’s administrator by 11:59 p.m., Eastern Time, on December 20, 2019.
If you have any questions, please refer to the attached Offer to Repurchase document, which contains additional important information about the tender offer, or call (855) 890-7725.
Sincerely,
Blackstone Real Estate Income Master Fund
