Loading ...Here we go again. LOL. Leamon Bros, Bit Coin, FTX, Bernie Madoff redemptions II. Its called breit, you need $1 million to get in, invested in commercial rentals etc. Withdrawals are getting limited. With all the quality stuff looking bad, maybe all the allegedly crappy stuff like AU AG will start looking great, another reversal.
Story
Blackstone’s big retail real estate fund could see heavy redemptions at its 5% quarterly limit through the third quarter of 2023, according to a note Thursday from Credit Suisse CSGN +3.19% analyst Bill Katz—the lone bear on Blackstone among roughly 20 Wall Street analysts covering it.
Blackstone Real Estate Income Trust—a real estate investment trust (REIT) with a net asset value of $69 billion—said last week it was putting up redemption limits after withdrawal requests exceeded its 5% quarterly limit in the current quarter.