BLACKSTONE Inc’s US$69bil (RM303bil) real estate fund for wealthy individuals says it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and a chilling indicator for the property industry.
Blackstone Real Estate Income Trust Inc (B-REIT) has been facing withdrawal requests exceeding its quarterly limit, a major test for the one of the private equity firm’s most ambitious efforts to reach individual investors.
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