Blackstone Limits Withdrawals From BREIT, Stock Tumbles
December 1, 2022 by secret
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Blackstone is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors. In a letter posted on the Blackstone Real Estate Income Trust website, Blackstone (Ticker: BX) said that redemption requests already have exceeded the 5% quarterly limit for the REIT, which had $69 billion of
Blackstone
is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors.
In a letter posted on the
Blackstone
Real Estate Income Trust website, Blackstone (Ticker: BX) said that redemption requests already have exceeded the 5% quarterly limit for the REIT, which had $69 billion of net assets at the end of October. The REIT is known as BREIT.
