PE giant Blackstone blocked investor withdrawals from $71b REIT in Feb

PE giant Blackstone blocked investor withdrawals from $71b REIT in Feb

FILE PHOTO: Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly

Blackstone Inc said on Wednesday it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT) as the private equity firm continues to grapple with a flurry of redemption requests.

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