This morning, Bloomberg reported that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a $562 million bond. This bond was backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord acquired by Blackstone in 2018. This default is a significant event in the financial […]
Blackstone’s retail real estate fund limited investor withdrawals in January after outsize redemption requests that totaled more than $5 billion. Blackstone Real Estate Income Trust, known as BREIT, posted a statement Wednesday on its website that it filled 25% of investor withdrawal requests during January, in keeping with a policy of limiting monthly redemptions to […]
Blackstone Inc. limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday following a surge in redemption requests. This move marks an unprecedented challenge to a franchise that has played a crucial role in transforming Blackstone into an asset management giant. The restrictions were triggered because redemption requests hit pre-established limits, […]