Blackstone limits withdrawals from its US$69-billion REIT

Blackstone limits withdrawals from its US$69-billion REIT

Upworthy

Published

Blackstone Inc limited withdrawals from its US$69-billion real estate income trust (REIT) on Thursday after receiving too many redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. Investors in the REIT, which is not publicly traded, have…

#blackstone #blackstoneinc

Full Article