On August 14, 2023, the Board of Directors of Blackstone Real Estate Income Trust, Inc. appointed Robert Harper, BREIT's current Head of Asset Management and Head of Blackstone Real Estate Asset Management Americas, as BREIT's new President and a member of its Board. A.J. Agarwal will be taking a continuing education sabbatical beginning September 15, 2023 for nine months, and is stepping down from his role as President and Board member effective August 14, 2023. He will serve as an observer of the Board throughout his sabbatical.

Mr. Harper, 45, joined Blackstone Inc. in 2002 and has served in a number of different roles. Since 2016, Mr. Harper has been Head of Real Estate Asset Management Americas, and prior to that, served as Head of Europe for the Blackstone Real Estate Debt Strategies business. For a summary of Mr. Harper's biographical information, see Executive and Senior Officers" in the Company's definitive proxy statement on Schedule 14A [1], dated April 17, 2023, filed with the Securities and Exchange Commission, which summary is incorporated by reference herein.

Mr. Harper is a senior managing director in the Real Estate Group of Blackstone and was requested by Blackstone to serve on the Board.