Blackstone meets less than half of property redemption requests - reports

43% approved

James Baxter-Derrington
clock • 1 min read

Blackstone has limited redemptions from its $125bn real estate fund following a surge in investor withdrawal requests.

The move has been made by the alternatives giant as investors grow concerned about the long-term health of the commercial property market, the FT has reported. Roughly 70% of the redemption requests have come from Asia, an outsized amount given all non-US investors only represent around 20% of the total assets of the Blackstone Real Estate Income Trust fund. Fitch: UK property funds liquidity pressures could accelerate LTAF adoption Over October, the fund received $4.8bn of redemption requests, roughly 2.7% of its net asset value, while in November and December these requests have ...

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