{"id":29633,"date":"2023-05-01T13:38:33","date_gmt":"2023-05-01T13:38:33","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/blackstone-limits-reit-investor\/"},"modified":"2023-05-01T13:40:35","modified_gmt":"2023-05-01T13:40:35","slug":"blackstone-limits-reit-investor","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/blackstone-limits-reit-investor\/","title":{"rendered":"Blackstone limits REIT investor redemptions again in April"},"content":{"rendered":"

By Chibuike Oguh<\/p>\n

NEW YORK (Reuters) – Blackstone Inc on Monday said it had again limited withdrawals from its $70 billion real estate income trust in April as investor redemption requests continued to pile up.<\/p>\n

Blackstone said BREIT had received $4.5 billion worth of withdrawal requests in April, but the fund fulfilled only $1.3 billion or 29% of the total redemption requests, the firm said in a letter to investors.<\/p>\n

In March, BREIT had also received requests totaling $4.5 billion but it fulfilled just $666 million or 15% of those demands. Redemption requests were $5.3 billion and $3.9 billion in January and February, respectively.<\/p>\n

Blackstone has been exercising its right to block investor withdrawals from BREIT since November after requests exceeded a preset 5% of the net asset value of the fund. It has so far paid out $6.2 billion to investors who have been requesting redemptions since November, the firm said.<\/p>\n

\n

(Reporting by Chibuike Oguh in New York; editing by Jonathan Oatis)<\/p>\n

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By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc on Monday said it had again limited withdrawals from its $70 billion real estate income trust in April as investor redemption requests continued to pile up. Blackstone said BREIT had received $4.5 billion worth of withdrawal requests in April, but the fund fulfilled only $1.3 billion […]<\/p>\n","protected":false},"author":8,"featured_media":29634,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-29633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ400MA-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=29633"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29633\/revisions"}],"predecessor-version":[{"id":29635,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29633\/revisions\/29635"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/29634"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=29633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=29633"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=29633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}