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BREIT to meet full redemption requests again, despite exceeding quarterly limit
Other - JULY 3, 2024

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BREIT to meet full redemption requests again, despite exceeding quarterly limit

by Lewis Dayton

Despite the $806 million of withdrawal asks in June exceeding the fund’s quarterly limit, Blackstone announced that it will meet investors’ redemption requests in full in June for BREIT, reported Alex Steger and Tania Mitra for CityWire.

The fund also marginally exceeded its 5 percent quarterly limit in first quarter 2024.

In a letter to investors on July 1, Blackstone stated, “BREIT is focused on high-growth sectors and markets experiencing secular growth tailwinds: ~85% rental housing, industrial and data centers and ~70% Sunbelt markets. The portfolio has several engines for growth, including a large and growing data center development pipeline driven by generational demand from A.I and the cloud as well as meaningful embedded growth within our warehouse portfolio.”

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