Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13.
“The investment manager, part of Blackstone Real Estate Debt Strategies, strives to be a long-term trusted partner to its valued clients and believes that an orderly wind down would provide shareholders with the best path to maximize portfolio recovery while also providing shareholders with liquidity,” stated the Blackstone filing.
It went on to say: “The funds continue to be actively managed, have recently built a strong cash position and as of the date of this supplement, the master fund’s assets have begun to see a recovery in pricing since the recent trough related to the outbreak of COVID-19.”
With some $1.1 billion of total investments at year-end, the fund is planning to sell the assets and distribute the proceeds to shareholders. Accordin
