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

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

1787947445 Law
August 28, 2026
SEC Accuses Goliath Ventures of $425 Million Crypto Investment Ponzi Scheme

The Securities and Exchange Commission (SEC) has filed a civil complaint against Goliath Ventures Inc.

1787852053 Law
August 27, 2026
United Capital Revives Lawsuit Against Osaic

According to AdvisorHub, United Capital Financial Advisors has revived its lawsuit against independent broker-dealer Osaic by filing an amended complaint that reframes the dispute around the alleged misuse of confidential information obtained during Osaic's unsuccessful effort to acquire the firm.

1787765850 Law
August 26, 2026
FINRA Orders WestPark Capital to Pay $520,000 Over GWG L Bond Sales

The fallout from the collapse of GWG Holdings continues to affect the broker-dealers that sold the company's illiquid L bonds.