SCHEDULE 13D/A

Blackstone Private Real Estate Credit & Income Fund

Common Shares of Beneficial Interest · CUSIP: 000000000

Event date: 2026-02-23

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: 16,716,248.71 · Class: 52.7%

• Blackstone Private Credit Fund

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Private Multi-Asset Credit and Income Fund

  Shares: 6,161,010.71 · Class: 19.4%

• Blackstone Private Credit Strategies LLC

  Shares: 22,877,259.42 · Class: 72.2%

• Blackstone Credit BDC Advisors LLC

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Alternative Credit Advisors LP

  Shares: 16,716,248.71 · Class: 52.7%

• GSO Capital Partners GP L.L.C.

  Shares: 16,716,248.71 · Class: 52.7%

• StoneCo IV Corporation

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Holdings IV L.P.

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Holdings IV GP L.P.

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Holdings IV GP Management (Delaware) L.P.

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Holdings IV GP Management L.L.C.

  Shares: 16,716,248.71 · Class: 52.7%

• Blackstone Holdings I L.P.

  Shares: 22,877,259.42 · Class: 72.2%

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

  Shares: 22,877,259.42 · Class: 72.2%

• Blackstone Inc.

  Shares: 22,877,259.42 · Class: 72.2%

• Blackstone Group Management L.L.C.

  Shares: 22,877,259.42 · Class: 72.2%

• Stephen A. Schwarzman

  Shares: 22,877,259.42 · Class: 72.2%

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