Blackstone’s real estate investment trust fulfilled all redemption requests in February, a notable achievement after 15 months of capping withdrawals.
Blackstone Real Estate Income Trust met $961m (£759m) of repurchase requests in February. That was below the 2% of NAV monthly limit, 26% lower than in January and 82% lower than a record high in January 2023.
“BREIT was designed with a semi-liquid structure, trading a measure of liquidity for the potential for higher net returns,” the firm said. “We could not be more proud that this structure has worked as intended to both prevent a liquidity mismatch and maximise long-term shareholder value. Since inception seven years ago, BREIT has delivered an 11% annualised net return for investors, more than two-times publicly traded REITs.”
