0001193125-25-263107 Sample Contracts

SIXTH AMENDED AND RESTATED ADVISORY AGREEMENT AMONG BLACKSTONE REAL ESTATE INCOME TRUST, INC., BREIT OPERATING PARTNERSHIP L.P., AND BX REIT ADVISORS L.L.C.
Advisory Agreement • November 4th, 2025 • Blackstone Real Estate Income Trust, Inc. • Real estate investment trusts • New York

THIS SIXTH AMENDED AND RESTATED ADVISORY AGREEMENT (this “Agreement”), dated as of November 3, 2025 (the “Effective Date”), is by and among Blackstone Real Estate Income Trust, Inc., a Maryland corporation (the “Company”), BREIT Operating Partnership L.P., a Delaware limited partnership (the “Operating Partnership”), and BX REIT Advisors L.L.C., a Delaware limited liability company (the “Adviser”). This Agreement amends and restates the Fifth Amended and Restated Advisory Agreement dated as of July 18, 2025. Capitalized terms used herein shall have the meanings ascribed to them in Section 1 below.

FORM OF SELECTED DEALER AGREEMENT
Selected Dealer Agreement • November 4th, 2025 • Blackstone Real Estate Income Trust, Inc. • Real estate investment trusts • New York

Blackstone Securities Partners L.P. (the “Dealer Manager”), as the dealer manager for Blackstone Real Estate Exchange, LLC (the “Company”), a Delaware limited liability company, invites you (the “Dealer”) to participate in the offer and sale of beneficial interests (each, an “Interest” and, collectively, the “Interests”) in one or more ongoing private placements (each an “Offering” and collectively the “Offerings”) in specific Delaware statutory trusts (each, a “Trust” and collectively, the “Trusts”) pursuant to the confidential program summary, dated as of October 31, 2025 (as may be amended or supplemented from time to time, the “Program Summary”), confidential private placement memorandum relating to a particular Offering (each a “Memorandum”) and one or more pricing supplements relating to a particular Offering (each a “Pricing Supplement” and, together with the Program Summary, the Memoranda and the Pricing Supplements, the “Offering Documents”) to certain of the Dealer’s qualifie

DEALER MANAGER AGREEMENT
Dealer Manager Agreement • November 4th, 2025 • Blackstone Real Estate Income Trust, Inc. • Real estate investment trusts • New York

This Dealer Manager Agreement (this “Agreement”) is entered into by and between Blackstone Real Estate Exchange, LLC, a Delaware limited liability company (the “Company”), Blackstone Securities Partners L.P., a Delaware limited partnership (the “Dealer Manager”), and, solely with respect to its obligations with respect to the OP Unit Investor Servicing Fee (as defined below) set forth in Section 3(c) hereof, BREIT Operating Partnership L.P., a Delaware limited partnership (the “Operating Partnership”).

SIXTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF BREIT OPERATING PARTNERSHIP L.P. A DELAWARE LIMITED PARTNERSHIP November 3, 2025
Limited Partnership Agreement • November 4th, 2025 • Blackstone Real Estate Income Trust, Inc. • Real estate investment trusts • Delaware

This Sixth Amended and Restated Limited Partnership Agreement (this “Agreement”), dated as of November 3, 2025, is entered into by and among Blackstone Real Estate Income Trust, Inc., a Maryland corporation, as general partner (the “General Partner”) and as a Limited Partner, BREIT Special Limited Partner L.P. (f/k/a BREIT Special Limited Partner L.L.C.), a Delaware limited partnership (the “Special Limited Partner”), and the Limited Partners party hereto from time to time. This Agreement shall supersede and replace any and all prior limited partnership agreements of the Partnership, including without limitation the Prior Agreement (defined below).