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Analysis

Blackstone Limits Fund Withdrawals as Investors Clamor to Leave

BREIT aims to close spigot as redemption requests breach quarterly repurchase limit.

Blackstone is limiting withdrawals from its $69B real estate investment fund after a surge of redemption requests from investors seeking to cash out breached the REIT’s quarterly repurchase limit.

The stampede of investors seeking to liquefy their assets at one of the largest global private equity investment funds is an ominous sign that economic headwinds are building in commercial property markets.

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Jack Rogers

 

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