Tr?id=566623520170033&ev=PageView&noscript=1

BREIT Limits Redemption Requests for Sixth Consecutive Month

Posted on May 5th, 2023 at 1:25 PM
BREIT Limits Redemption Requests for Sixth Consecutive Month

From the desk of Jim Eccleston at Eccleston Law 

Blackstone Real Estate Income Trust Inc. has announced that the company limited redemption requests again last month raising concerns among some investors and industry participants.

 April constitutes the sixth consecutive month in which BREIT, which is sponsored by Blackstone Group, has limited redemption requests. BREIT received $4.5 billion in repurchase requests in April, which is 15% below the January 2023 peak. BREIT is expected to redeem $1.3 billion under the company’s repurchase proposal, which equates to 2% of NAV and is tied to only 29% of the shares submitted for repurchase.

BREIT previously received redemption requests of $4.5 billion in March 2023, and the company fulfilled just $666 million, or 15% of the shares submitted for redemption. BREIT further noted that 93% of the company’s investors have decided to continue investing in BREIT. BREIT has approved $6.2 billion worth of redemption requests since November 2022.

 

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

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

1781105914 Law
June 10, 2026
Ameriprise Reports Second Data Breach in Less Than Six Months

Ameriprise Financial recently disclosed another data breach, marking the second cybersecurity incident involving the firm in less than six months.

1781028252 Law
June 9, 2026
FINRA Arbitration Panel Orders &Partners and Broker to Pay Wells Fargo $1.25 Million

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered &Partners and broker David M.

1780940050 Law
June 8, 2026
FINRA Sanctions Oppenheimer for Misclassified Client Statements Involving CMOs

The Financial Industry Regulatory Authority (FINRA) has fined and censured Oppenheimer & Co.