Investing
Blackstone’s Real Estate Trust Redemption Requests Decline to Lowest Point This Year
- Blackstone property trust limited withdrawals for ninth month
- BREIT returned about $1.3 billion to investors in July
Blackstone headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Blackstone Inc.’s giant real estate trust for wealthy individuals saw redemption requests ease to the lowest point this year as it limited withdrawals for a ninth consecutive month.
Investors sought to cash out $3.7 billion in July from Blackstone Real Estate Income Trust, according to a letter Tuesday. BREIT returned about $1.3 billion, or about 34% of what was requested.