News this month that the institutional
Blackstone Real Estate Income Trust,
a 69 "Billion Dollar" real estate investment fund, with a 9.3 % return in 2022
has now limited investor withdrawals in December,
to get this, only 0.30 % of account assets.
Meaning if you have 1 million dollars in this fund,
they are now only allowing you to redeem $30,000. of it in December.
This follows 1.7 billion dollars in redemption requests in November,
that were not filled either, according to the Wall Street Journal this weekend,
So perhaps you should ask yourself a simple prudent question right now.
Investors often make the simple assumption almost blindly
that there is enough "liquidity" in their investment"get out" any time they wish.
As seen with the multi billion dollar real estate fund,BREIT
that Blackstone pitched investors
to the tune of 1.3 Billion Dollars in Profit to their bottom line,
..such is not always the case.
No word yet on what Blackstone plans for redemption limits for the fund in January.
THE_UNWIND
12/11/22
Woods Of Connecticut
Blackstone Real Estate Income Trust,
a 69 "Billion Dollar" real estate investment fund, with a 9.3 % return in 2022
has now limited investor withdrawals in December,
to get this, only 0.30 % of account assets.
Meaning if you have 1 million dollars in this fund,
they are now only allowing you to redeem $30,000. of it in December.
This follows 1.7 billion dollars in redemption requests in November,
that were not filled either, according to the Wall Street Journal this weekend,
So perhaps you should ask yourself a simple prudent question right now.
Investors often make the simple assumption almost blindly
that there is enough "liquidity" in their investment"get out" any time they wish.
As seen with the multi billion dollar real estate fund,BREIT
that Blackstone pitched investors
to the tune of 1.3 Billion Dollars in Profit to their bottom line,
..such is not always the case.
No word yet on what Blackstone plans for redemption limits for the fund in January.
THE_UNWIND
12/11/22
Woods Of Connecticut