Blackstone Real Estate Income Trust (BREIT) saw redemption requests from its $70B fund fall for the third consecutive month in July.
BREIT received $3.7B in redemption requests last month, a tick down from the $3.8% reported for June, and redeemed about $1.3B, about 34%, the company said in a letter to investors.
"We were pleased to see July repurchase requests decline meaningfully from the January peak. It was the lowest month of share repurchase requests this year," Blackstone said, in a statement provided to GlobeSt.
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