Investing
Blackstone’s $67 Billion Real Estate Fund Sees Withdrawal Requests Decline
- Investors sought to pull out $2.1 billion in September
- BREIT limited withdrawals for an 11th straight month
Blackstone headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Investor requests to pull money out of Blackstone Inc.’s $67 billion real estate trust eased to the lowest in almost a year.
Blackstone Real Estate Income Trust is making some headway in resolving its backlog. In September, investors sought to pull out $2.1 billion, or 28% less than what they requested to withdraw in August, according to a letter Monday. Withdrawal requests were the lowest since October 2022.