Blackstone
is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors.
In a letter posted on the
Blackstone
Real Estate Income Trust website, Blackstone (Ticker: BX) said that redemption requests already have exceeded the 5% quarterly limit for the REIT, which had $69 billion of net assets at the end of October. The REIT is known as BREIT.
Source: https://www.barrons.com/articles/blackstone-reit-51669913002?siteid=yhoof2&yptr=yahoo