February 6, 2023
Blackstone Pays 25% Of BREIT Redemption Requests In January
Blackstone Real Estate Income Trust fulfilled 25% of the repurchase requests made by shareholders in January, according...

Blackstone Pays 25% Of BREIT Redemption Requests In January

February 1, 2023 | Dees Stribling | Bisnow

Blackstone Real Estate Income Trust fulfilled 25% of the repurchase requests made by shareholders in January, according to a letter the nontraded REIT released on Wednesday.

BREIT fulfilled $1.3B in requests, meaning that investors wanted to withdraw $5.2B from the investment vehicle as the U.S. economy proved wobbly and commercial real estate in particular took a beating.

BREIT allows only 2% of its net asset value to be redeemed in any given month and announced late last year, as did Starwood’s nontraded REIT, that it wouldn’t fulfill all of the cash-out requests investors made.

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