SCHEDULE 13D/A

Blackstone Private Real Estate Credit & Income Fund

Common Shares of Beneficial Interest · CUSIP: 000000000

Event date: 2025-09-22

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• BCRED X Holdings LLC

  Shares: 7,506,208.82 · Class: 47.9%

• Blackstone Private Credit Fund

  Shares: 7,506,208.82 · Class: 47.9%

• Blackstone Private Multi-Asset Credit and Income Fund

  Shares: 4,141,431.25 · Class: 26.4%

• Blackstone Private Credit Strategies LLC

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Credit BDC Advisors LLC

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Alternative Credit Advisors LP

  Shares: 11,647,640.07 · Class: 74.4%

• GSO Advisor Holdings L.L.C.

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Holdings I L.P.

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Holdings I/II GP L.L.C.Reported CIK 0001464695

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Inc.

  Shares: 11,647,640.07 · Class: 74.4%

• Blackstone Group Management L.L.C.

  Shares: 11,647,640.07 · Class: 74.4%

• Stephen A. Schwarzman

  Shares: 11,647,640.07 · Class: 74.4%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.