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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

New York
Multifamily
Capital Markets
Northeast