Calculation of Filing Fee Tables
Form S-11
(Form Type)
Blackstone Real Estate Income Trust, Inc.
(Exact Name of Registrant as Specified in Governing Instruments)
Table 1-Newly Registered and Carry Forward Securities
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| Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward |
| Newly Registered Securities |
Fees to Be Paid | Equity | Class T-2 Common Stock; Class S-2 Common Stock; Class D-2 Common Stock; Class T Common Stock; Class S Common Stock; Class D Common Stock; Class I Common Stock | 457(o) | — | — | $1,000,000,000 | $153.10 | $153,100 | — | — | — | — |
Fees Previously Paid | Equity | Class T Common Stock; Class S Common Stock; Class D Common Stock; Class I Common Stock | 457(o) | — | — | $15,000,000,000 | $147.60 | $2,214,000 | — | — | — | — |
| Carry Forward Securities |
| | | | | | | | | | | | |
Carry Forward Securities | — | — | 415(a)(6) | — | — | $44,000,000,000 | — | — | S-11 | 333-260168 | February 11, 2022 | 4,078,800 |
| Total Offering Amounts | — | $60,000,000,000 | — | — | — | — | — | — |
| Total Fees Previously Paid | — | — | — | $2,214,000 | — | — | — | — |
| Total Fee Offsets | — | — | — | — | — | — | — | — |
| Net Fee Due | — | — | — | $153,1001 | — | — | — | — |
1 Calculated pursuant to Rule 457(o) of the Securities Act of 1933, as amended. Pursuant to Rule 415(a)(6) under the Securities Act of 1933, as amended, the securities registered pursuant to this Registration Statement will include unsold securities previously registered for sale pursuant to the registrant’s registration statement on Form S-11 (File No. 333-260168) initially filed by the registrant on October 8, 2021 and declared effective on February 11, 2022 (the “Prior Registration Statement”). The Prior Registration Statement registered shares of the registrant’s common stock with a maximum aggregate offering price of $60 billion for sale pursuant to the registrant’s primary offering and the registrant’s distribution reinvestment plan. As of November 29, 2024, approximately $44.2 billion in shares of common stock remain unsold on the Prior Registration Statement. The registrant will identify in a pre-effective amendment to this Registration Statement the amount of shares of common stock to be carried forward to this Registration Statement from the Prior Registration Statement and any new shares of common stock to be registered. For purposes of calculating the registration fees due in connection with the filing of this Registration Statement, the registrant has assumed that $44.0 billion of unsold shares of common stock originally registered for sale pursuant to the Prior Registration Statement will be carried forward to this Registration Statement. Pursuant to Rule 415(a)(6) the registration fees in the amount of $4,078,800 previously paid with respect to such unsold securities will continue to apply to such unsold securities. Thus, after taking into account the previously registered unsold securities and the $15 billion of new shares of common stock registered by the registrant in connection with the initial filing of this Registration Statement on June 7, 2024, the registration fee due for this registration statement is $153,100. Pursuant to Rule 415(a)(6), the offering of unsold securities under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this Registration Statement.
Table 2-Fee Offset Claims and Sources
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| Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source |
| Rules 457(b) and 0-11(a)(2) |
Fee Offset Claims | — | — | — | — | — | — | — | — | — | — | — |
| Fee Offset Sources | — | — | — | — | — | — | — | — | — | — | — |
| Rule 457(p) |
Fee Offset Claims | | | | | | | | | | | |
| Fee Offset Sources | — | — | — | — | — | — | — | — | — | — | — |
Table 3-Combined Prospectuses
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| Security Type | Security Class Title | Amount of Securities Previously Registered | Maximum Aggregate Offering Price of Securities Previously Registered | Form Type | File Number | Initial Effective
Date |
| — | — | — | — | — | — | — |
