by silvertomars
Closing the gates and leaving investors with illiquid positions they can’t redeem. Investors fear Blackstone has been slow to mark down valuations.
Asset panic leading to liquidity problems, hmm. I do believe I have seen this before.
www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/
Blackstone Real Estate Income Trust (BREIT) is a real estate investment trust that invests in apartments, industrial, retail, and hotels.
It’s one of the largest real estate funds in the world, even though it only started in 2016.
— Genevieve Roch-Decter, CFA (@GRDecter) December 1, 2022
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