Redemption requests for Blackstone Real Estate Income Trust's (BREIT) $70B fund fell for the fourth consecutive month in August.
BREIT said in a letter to stockholders that it received just under $3B in redemption requests in August, the lowest level of requests since the fund started prorating withdrawals in November, 44% lower than the peak for requests in January.
BREIT fulfilled $1.3B of the August requests, which represents 43% of the shares submitted for repurchase, the company said.
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