Blackstone REIT Limited Investor Redemptions in March

Posted on April 11th, 2023 at 1:14 PM
Blackstone REIT Limited Investor Redemptions in March

From the desk of Jim Eccleston at Eccleston Law 

Blackstone Real Estate Income Trust, a non-traded real estate investment trust sponsored by Blackstone Group, announced that the company fulfilled only 15% of repurchase requests in March.

The $70 billion non-traded REIT received repurchase requests of $4.5 billion in March and fulfilled only $666 million, according to the company. The March 2023 redemptions were 16% lower than the peak in January 2023 when the company fulfilled only $1.3 billion of repurchase requests out of the $5 billion sought by investors.

The company previously noted in February that investor repurchase requests exceeded 2% of its net asset value, which constitutes the maximum monthly amount permitted under the terms of the company’s share repurchase plan. The company initially limited redemption requests after it failed to fulfill all investor repurchase requests in November 2022.


Eccleston Law LLC represents financial advisors and investors nationwide in securities, employment, transition, regulatory and disciplinary matters.

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