LODAS Markets, which runs an automated online marketplace that matches buyers and sellers of alternative and real estate investments, reports that the platform is now conducting transactions for both Blackstone Real Estate Income Trust (BREIT) shares and Starwood REIT.

"The first trade of Class D BREIT shares was executed in the LODAS marketplace at $14.42, which is equal to January's NAV and just below February's NAV of $14.47," Brian King, LODAS Markets CEO, said in prepared remarks.

BREIT and SREIT's participation on the platform is notable because of the surges of withdrawal requests that have been made to both funds, which limited redemptions at the time. The Financial Times had quoted Blackstone CEO Stephen Schwarzman as saying at an industry conference, "The idea that there is something going wrong with this product because people are redeeming is conflating completely incorrect assumptions. This was not meant to be a mutual fund with daily liquidity. These are pieces of real estate."