Blackstone Digital Infrastructure Trust

General Information
Business:	(Incorporated in Maryland) We are a newly formed REIT (real estate investment trust) backed by Blackstone, the private equity firm. We intend to focus our acquisition search on data centers leased to major tenants under long-term contracts. Our search will focus on properties with these qualities – new construction, stable cash flow and tenants involved in cloud computing, AI and digital transformation driving economic growth. The data center industry has an estimated $1 trillion in total addressable market expected over the next five years. We believe the industry represents a substantial investment opportunity. We will be externally managed by our manager, an affiliate of Blackstone, a leading global investment manager with $1.3 trillion of total assets under management (“AUM”) as of Dec. 31, 2025. Blackstone Real Estate, founded in 1991, is the world’s largest owner of commercial real estate, with $319 billion of investor capital under management as of Dec. 31, 2025. The Infrastructure group of Blackstone was founded in 2017 and it manages $77 billion of capital across digital infrastructure, energy, and transportation assets, as of Dec. 31, 2025. Our Management Team Nick Pell, our CEO and president, leads our management team – with Mike Forman, our chief investment officer (CIO), and Anthony F. Marone, Jr., our CFO and treasurer. These senior executive officers possess deep investment and data center expertise across markets and cycles, with Mr. Forman bringing specialized data center investment experience and Mr. Pell and Mr. Marone contributing extensive public markets and REIT operational expertise. Mr. Pell is the former president and CIO of Link Logistics, the largest U.S.-only owner and operator of last-mile industrial real estate and warehouse properties, with more than 3,000 warehouses and distribution facilities strategically located across more than 40 primary U.S. metro areas. He previously served as the CIO of Gramercy Property Trust, a publicly traded REIT that owned and managed industrial warehouses until it was acquired by Blackstone Real Estate in 2018. Mr. Forman, a senior managing Director at Blackstone and head of Americas acquisitions and global head of digital infrastructure for Blackstone Real Estate, has been extensively involved in all of Blackstone’s data center investments, including QTS Data Centers (“QTS”), AirTrunk, and a $7 billion joint venture with Digital Realty. Mr. Marone is a senior managing director at Blackstone and the global head of real estate finance. He has extensive experience serving as Chief Financial Officer of several public REITs and other businesses. Note: We are a Maryland corporation. We intend to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. We have not yet acquired any data center assets and thus are considered a “blind pool.” Note: As of Dec. 31, 2025, we have not engaged in principal operations or generated any revenues. Our activity from our initial formation on Nov. 21, 2025 (our “Inception”) through Dec. 31, 2025, is limited to our preparation for this offering. (Note: Blackstone Digital Infrastructure Trust filed its S-11 on April 10, 2026, for the IPO of its real estate investment trust (REIT) without disclosing the terms. Estimated proceeds are $100 million, a placeholder figure.)
Industry:	REIT - Real estate investment trust
Employees:	0
Founded:	2025
Contact Information
Address	345 Park Avenue New York, NY 10154
Phone Number	(212) 583-5000
Web Address
View Prospectus:	Blackstone Digital Infrastructure Trust
Financial Information
Market Cap
Revenues	$0 mil (last 12 months)
Net Income	$ mil (last 12 months)
IPO Profile
Symbol	BXDC
Exchange	NYSE
Shares (millions):	0.0
Price range	$0.00 - $0.00
Est. $ Volume	$100.0 mil
Manager / Joint Managers	Goldman Sachs/Citigroup/Morgan Stanley/Barclays/BofA Securities/Deutsche Bank Securities/J.P. Morgan/RBC Capital Markets/ Wells Fargo Securities/BNP Paribas/SMBC Nikko/Societe Generale/BBVA/Credit Agricole CIB/MUFG Securities America/Santander/TD Securities
CO-Managers
Expected To Trade:
Status:	TBA
Quiet Period Expiration Date:	Available only to Subscribers
Lock-Up Period Expiration Date:	Available only to Subscribers
SCOOP Rating	Available only to Subscribers
Rating Change	Available only to Subscribers

Blackstone Digital Infrastructure Trust

(Incorporated in Maryland)

The data center industry has an estimated $1 trillion in total addressable market expected over the next five years. We believe the industry represents a substantial investment opportunity.

Our Management Team

Mr. Marone is a senior managing director at Blackstone and the global head of real estate finance. He has extensive experience serving as Chief Financial Officer of several public REITs and other businesses.

Note: We are a Maryland corporation. We intend to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. We have not yet acquired any data center assets and thus are considered a “blind pool.”

Note: As of Dec. 31, 2025, we have not engaged in principal operations or generated any revenues. Our activity from our initial formation on Nov. 21, 2025 (our “Inception”) through Dec. 31, 2025, is limited to our preparation for this offering.

(Note: Blackstone Digital Infrastructure Trust filed its S-11 on April 10, 2026, for the IPO of its real estate investment trust (REIT) without disclosing the terms. Estimated proceeds are $100 million, a placeholder figure.)