Blackstone’s BREIT Limits Redemptions as Requests Ease Up
- BREIT investors sought to pull $3.9 billion in February
- Trust has restricted withdrawals for four straight months
This article is for subscribers only.
Blackstone Inc.’s $71 billion real estate trust for wealthy individuals restricted how much investors could pull out for a fourth straight month as it works through a backlog of requests.
Investors sought to withdraw $3.9 billion in February, more than the monthly limit of 2% of Blackstone Real Estate Income Trust’s net asset value, the company said Wednesday in a letter.