Zaneta Koplewicz Resigning as BREIT Co-President, Head of Shareholder Relations
Zaneta Koplewicz has resigned as co-president, head of shareholder relations, and a director of Blackstone Real Estate Income Trust, the company disclosed Tuesday, ending a tenure in which she led distribution-channel relationships at one of the largest nontraded real estate investment trusts in the country through a period of significant leadership upheaval.
Koplewicz’s resignation, effective June 24, was described by the company as a personal decision and not the result of any disagreement with the company, its board, or Blackstone. No successor was named for either of her roles.
Koplewicz joined Blackstone in 2021 following 14 years at BlackRock, where she was most recently a managing director responsible for large strategic client relationships in North America. She became BREIT’s head of shareholder relations in December 2023, a role that put her at the center of the fund’s effort to restore confidence among broker-dealers and registered investment advisers during and after a prolonged redemption-gating period that lasted from late 2022 through 2023. At its peak, BREIT received as much as $5.3 billion in redemption requests in a single month, fulfilling only a fraction.
Her elevation to co-president came in September 2025 as part of the emergency leadership restructuring that followed the July 28, 2025, death of chief executive officer Wesley LePatner, killed in a mass shooting within Blackstone’s Manhattan office building. As AltsWire previously reported, the company named Katie Keenan as BREIT’s incoming CEO at that time, with Koplewicz elevated from head of shareholder relations to co-president alongside longtime Blackstone executive A.J. Agarwal while Keenan completed her transition from her concurrent role running Blackstone Mortgage Trust. Keenan’s effective date as CEO was Nov. 10, 2025.
LePatner had been appointed BREIT chief executive officer in January 2025, succeeding Frank Cohen, who retired from Blackstone at year-end 2024 after nearly 30 years.
Koplewicz’s departure leaves the head of shareholder relations function without a named successor at a fund with approximately $54.7 billion in aggregate NAV as of April 1, 2026. That role has direct operational significance for the broker-dealers and registered investment advisers through whom BREIT is distributed; it is the primary point of contact for distribution-channel relationships across a platform that carries a $60 billion offering capacity.
The resignation is the latest in a series of leadership changes at BREIT since late 2024. The fund has cycled through three chief executives (Cohen, LePatner, and Keenan) in less than 12 months. Co-president Agarwal, a Blackstone veteran who joined the firm in 1992, remains in his role.
BREIT is a perpetual-life, publicly registered nontraded REIT that invests primarily in stabilized, income-generating U.S. commercial real estate. Its portfolio is approximately 90% concentrated in data centers, rental housing, and industrial properties.
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