Blackstone’s $66 Billion Real Estate Trust Limits Redemptions for 12th Month

Blackstone Inc.’s $66 billion real estate trust limited investor redemptions for a 12th straight month in October.

Blackstone Real Estate Income Trust’s investors sought to pull $2.2 billion last month, compared with $2.1 billion in September, according to a letter to shareholders Wednesday. BREIT returned about $1.3 billion to investors, or about 56% of what was requested, the “highest payout percentage” since redemptions were restricted last year, according to the letter.