Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 130.00 |
Expire Date | 2023-03-17 |
Day's Range | 0.0500 - 0.0500 |
Contract Range | N/A |
Volume | |
Open Interest | 1.19k |
The alternative asset manager continues to see investors asking to pull money from its enormous REIT.
(Bloomberg) -- Blackstone Inc.’s $69 billion real estate trust hit a monthly redemption limit in January, as the firm’s crown jewel continues to wrestle with a line of investors seeking to get money out.Most Read from BloombergNational Archives Releases Records Tied to Trump Classified Documents8,000 Layoffs Don’t Exactly Scream Family ValuesPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Adani Stock Crash at $92 Billion as Collateral Worries GrowStocks Rally as Powell Sees Progr
Blackstone Inc said on Wednesday it had blocked withdrawals from its $69 billion real estate income trust (BREIT) in January, as the private equity firm faced a surge in redemption requests from investors looking to cash out. BREIT said it fulfilled redemption requests of about $1.3 billion in January, representing 25% of the approximately $5.3 billion of the total withdrawal requests it had received during the month. The fulfilled withdrawal requests also represents 2% of the net asset value of fund, the firm said.