Blackstone is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors. In a letter posted on the Blackstone Real Estate Income Trust website,
The decision follows an announcement by the firm to sell its 49.9% stake in two Las Vegas hotels valued at $5.5 billion.
Blackstone Real Estate Income Trust Inc. said in a letter that the amount of withdrawals requested in October exceeded its monthly limit of 2% of its net-asset value and its quarterly threshold of 5%.
Prophia, a startup building a platform that scours and extracts key terms from commercial real estate contracts, raised $10.2 million in a Series A round led by Cercano Management, formerly Vulcan Capital.
Blackstone Inc. ’s $69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and
In reality, though, the perfect time to buy commercial real estate doesn’t exist. And when you consider the bigger picture, not all signs point to doomsday.
As savvy real estate investors, we can make money in any market. Because we are in a high mortgage rate environment, we need to focus on ways to make money with high and rising rates.
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