Blackstone Real Estate Income Trust, Inc. Announces CFO Transition: Paul Kolodziej Appointed as Chief Financial Officer and Treasurer

Key Highlights

• Paul Kolodziej appointed as Chief Financial Officer (CFO) and Treasurer, effective February 27, 2026.
• Anthony Marone steps down as CFO and Treasurer; will remain Global Head of Real Estate Finance at Blackstone.
• Kolodziej brings extensive experience within Blackstone Real Estate and prior roles at PricewaterhouseCoopers LLP.
• No related party transactions or family relationships disclosed in connection with the appointment.

Detailed Article

Blackstone Real Estate Income Trust, Inc. (BREIT) has announced a significant change in its executive leadership. On February 26, 2026, the company’s Board of Directors appointed Paul Kolodziej as the new Chief Financial Officer (CFO) and Treasurer, with the appointment becoming effective at the close of business on February 27, 2026.

This transition follows the decision of Anthony Marone to step down from his roles as CFO and Treasurer of BREIT. However, Marone is not departing the company entirely; he will continue to serve as Blackstone’s Global Head of Real Estate Finance. This move ensures that his expertise remains within the broader Blackstone organization, even as BREIT brings in new financial leadership.

About Paul Kolodziej

• Mr. Kolodziej, aged 46, is currently a Managing Director with Blackstone Real Estate.
• He served as Deputy Chief Financial Officer of BREIT from December 2023 to February 2026.
• Previously, he was BREIT’s Chief Accounting Officer and principal accounting officer from March 2019 to December 2023, and the Controller from June 2016 to March 2019.
• Prior to joining Blackstone in June 2016, Kolodziej was a Senior Manager at PricewaterhouseCoopers LLP, providing assurance services to financial services clients, with a focus on REITs, private real estate funds, and hedge funds.
• He also completed a year-long rotation in PwC’s SEC Services Group, gaining experience in matters related to securities registration and SEC filings.
• Kolodziej holds a B.S. in Accountancy from DePaul University and is a Certified Public Accountant (CPA).

Implications for Shareholders

• Leadership Continuity and Experience: The appointment of Mr. Kolodziej, a long-standing member of the Blackstone Real Estate team and former Deputy CFO, provides continuity and deep institutional knowledge. This may reassure shareholders about the company’s financial oversight and stability during the transition.
• Potential Impact on Share Value: Executive changes, especially at the CFO level, can influence investor sentiment and potentially affect BREIT’s valuation. However, because Kolodziej has been within the organization for nearly a decade and has held progressively senior roles, the risk of disruption appears minimized.
• No Related Party Concerns: The company disclosed that there are no family relationships or related party transactions involving Mr. Kolodziej that require disclosure under Item 404(a) of Regulation S-K, indicating there are no apparent conflicts of interest or governance issues arising from this appointment.
• Strategic Alignment: Kolodziej’s background in both accounting and SEC regulatory matters may position BREIT to maintain strong compliance and financial reporting standards during a period when regulatory scrutiny remains high in the real estate investment trust sector.

Conclusion

The transition of the CFO role from Anthony Marone to Paul Kolodziej marks an important development for BREIT. While management transitions at the CFO level are always closely watched by investors, the company appears to be prioritizing continuity and expertise, given Kolodziej’s deep experience within Blackstone and BREIT. Shareholders should monitor subsequent earnings reports and company communications for any further information regarding strategic changes or financial impacts resulting from this leadership change.

Disclaimer

The information contained in this article is based on regulatory filings and public disclosures as of February 27, 2026. This article is intended for informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any securities. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. Changes in executive leadership can impact company performance and share price, but past performance and experience are not guarantees of future results.

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