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Blackstone limits Breit withdrawals again
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Blackstone’s big retail real estate fund limited investor withdrawals for the fourth straight month in February after it received significant redemption requests.
Blackstone Real Estate Income Trust, known as Breit, said that it received $3.9bn of redemption requests in February, and paid out just 35% of those requests to investors, or $1.4bn, according to a notice posted on the Breit website.
Breit...
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