Blackstone Digital Infrastructure Trust Inc.

S-11 filed

Blackstone Digital Infrastructure Trust Inc. is conducting an initial public offering (IPO) of its common stock, transitioning from a 'blind pool' with no acquired data center assets to an externally managed real estate investment trust (REIT). The offering includes bonus shares for investors, with the company intending to list on the NYSE under 'BXDC'. The offering is managed by BX REIT Advisors L.L.C., an affiliate of Blackstone Inc., and involves underwriters such as Goldman Sachs, Citigroup, and Morgan Stanley. The company has not yet acquired any assets, posing risks related to investment evaluation and REIT compliance.

DRS/A amended

Blackstone Digital Infrastructure Trust Inc. (formerly Keystone REIT Inc.) is conducting an initial public offering (IPO) of common stock, transitioning from a blind pool to an externally managed REIT. The offering includes bonus shares for investors, with a proposed NYSE listing under 'BXDC'. The company will be managed by BX REIT Advisors L.L.C., an affiliate of Blackstone Inc., and includes a Blackstone Investor participation clause. The filing highlights risks related to unproven assets, reliance on external management, and ownership restrictions.

DRS/A amended

Blackstone Digital Infrastructure Trust Inc. (formerly Keystone REIT Inc.) is conducting an initial public offering (IPO) of its common stock, targeting mission-critical data center assets. The company will be externally managed by BX REIT Advisors L.L.C., an affiliate of Blackstone Inc., and aims to qualify as a REIT. The filing includes details on the offering structure, risks associated with its 'blind pool' status, and compliance with REIT ownership restrictions. The registrant plans to change its name to Blackstone Digital Infrastructure Trust Inc. prior to the offering's effectiveness.

DRS filed

Keystone REIT Inc. is conducting an initial public offering (IPO) of its common stock, targeting mission-critical data center assets leased to investment-grade hyperscale tenants. The company, which will be externally managed by BX REIT Advisors L.L.C. (an affiliate of Blackstone), aims to capitalize on the growing demand for digital infrastructure. As a newly organized 'blind pool' REIT, it has not yet acquired any assets and relies on its manager's expertise to identify investments. The IPO seeks to raise capital for data center acquisitions, with shares subject to ownership restrictions to maintain REIT compliance.