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December 13, 2022
Blackstone and Starwood Show a Problem With Overseas CRE Investors
December 13, 2022
Blackstone and Starwood Show a Problem With Overseas CRE Investors
December 12, 2022 | Erik Sherman | GlobeSt.com
The recent surges in withdrawal requests at Starwood and Blackstone, and the decisions by both to limit redemptions, may be signs less of an issue the non-traded REITs faced and more of a deeper problem. Rather than a pair of curiosities, they might represent the surfacing of a previously invisible developing systemic issue.
Blackstone CEO Stephen Schwarzman spoke about the situation this week, according to the Financial Times.
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