From Yahoo-Finance:
...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. The real estate trust is a colossus in US property markets, with its reach spanning from apartments to data centers. In late 2022, BREIT curbed withdrawals after redemption requests picked up and its wealthy clients became jittery about having money locked into commercial real estate. Property values have fallen as the costs of borrowing increased with the Federal Reserve’s rate hikes...
Full story at https://finance.yahoo.com/news/blackstone-66-billion-real-estate-124602222.html.
No comments:
Post a Comment