0001564590-18-006224 Sample Contracts

SECOND 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 • March 19th, 2018 • Blackstone Real Estate Income Trust, Inc. • Real estate investment trusts • New York

THIS SECOND AMENDED AND RESTATED ADVISORY AGREEMENT (this “Agreement”), dated as of the 16th day of March, 2018, 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 Amended and Restated Advisory Agreement dated as of March 21, 2017, which amended and restated the Advisory Agreement dated August 31, 2016, which became effective as of the date the Registration Statement (as defined below) was declared effective by the Securities and Exchange Commission (the “Effective Date”). Capitalized terms used herein shall have the meanings ascribed to them in Section 1 below.

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