BXREX Portfolio II DST

Overview

Blackstone Real Estate Exchange LLC ("BXREX" or the "Sponsor") is offering up to 100% of the beneficial interests (the "Interests"), totaling a maximum offering amount of $187 million, in BXREX Portfolio II DST. BXREX Portfolio II DST is a Delaware Statutory Trust (“DST”) that owns two industrial properties, located in Somerset, NJ and Middletown, PA (the “Properties”). Acquisition of the Interests is designed for, but not limited to, prospective investors seeking to defer recognition of gain on the sale of other real property under Section 1031.

The Properties are subject to a 10-year, “triple-net” master lease (the “Master Lease”) with a subsidiary of BREIT (the “Master Tenant”). The Master Tenant is responsible for the costs of operating, managing and maintaining the Properties and has the sole and exclusive right and obligation to manage, lease, operate, repair and maintain the Properties. During the term of the Master Lease, the Master Tenant pays the DST fixed rent in monthly installments. The fixed Master Lease rental amounts will be distributed monthly to the DST investors. BREIT’s Operating Partnership (the “Operating Partnership”) has guaranteed all of the Master Tenant’s payment and performance obligations under the Master Lease.