A Vote Of Confidence?
Blackstone shares have been under pressure because of fears around their BREIT Real-Estate Vehicle, which we discussed in December. 📰
For those who aren’t up to speed, the private real estate investment saw redemptions cross their quarterly limit in November as investors worry about real estate values. The uptick in redemption requests caused the fund to limit redemptions, sparking broader fears about the fund’s (and Blackstone’s) overall health.