BREIT Fulfills 29% Of Withdrawals As Redemption Requests Fall Again
October 2, 2023 | Matt Wasielewski | BisNow
The $67B Blackstone Real Estate Income Trust fulfilled less than a third of redemption requests last month even as it sheds assets and withdrawal requests slowly decline.
BREIT received $2.1B in repurchase requests in September, down 28% from August and the fifth consecutive monthly decline in requests. But the investment giant said in a letter to stockholders that it was fulfilling only $625M in requests, or 29% of the shares submitted for repurchase, as it continues a nearly yearlong restriction on buybacks that began in November.
