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Blackstone’s Real Estate Trust Limits Withdrawals for Sixth Straight Month

Investors sought to pull $4.5 billion in April from BREIT
BREIT limited redemptions to about 29% of the total requests

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By Dawn Lim

May 1, 2023 at 1:06 PM UTC

Updated on

May 1, 2023 at 2:29 PM UTC

This article is for subscribers only.

Blackstone Inc.’s $70 billion real estate trust for wealthy individuals limited redemptions for a sixth straight month.

Investors asked to redeem $4.5 billion in April from Blackstone Real Estate Income Trust, the same amount shareholders sought to pull in March, according to a letter Monday. BREIT allowed $1.3 billion to be withdrawn, or about 29% of the amount requested.