Blackstone
‘s big retail real estate fund experienced sizable net redemptions for the first time, in a potentially worrisome development for what has become one of the firm’s most important products and a focus of investor concerns.
Barron’s estimates that net redemptions totaled about $700 million in October for Blackstone Real Estate Income Trust, based on a disclosure in the fund’s monthly report, dated Monday, that lists its shares outstanding.
Source: https://www.barrons.com/articles/blackstone-breit-real-estate-redemptions-51669151224?siteid=yhoof2&yptr=yahoo