Key Words: Blackstone’s Gray: ‘We didn’t want to have to sell assets at the wrong time, under pressure,’ after $69 billion REIT limits withdrawals

Key Words: Blackstone’s Gray: ‘We didn’t want to have to sell assets at the wrong time, under pressure,’ after $69 billion REIT limits withdrawals

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““We knew at some point there would be periods of volatility. And we didn’t want to have to sell assets at the wrong time, under pressure.”” That’s Blackstone’s Jonathan Gray, in an interview with CNBC on Thursday, defending recent limits placed on investor withdrawals from the real estate giant’s…

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