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Analysis

Blackstone Fund Withdrawals Subside in June

BREIT redemption requests decline to $3.8B, payout total hits $8B.

In what may be a sign that a tide of redemption requests has begun to ebb at Blackstone’s Real Estate Income Trust, the REIT reported a significant drop in requests in June.

In a letter to shareholders this week, BREIT said it received $3.8B in requests for withdrawals from the $70B fund in June, nearly a third lower than the peak reported in January.

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Jack Rogers

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