Blackstone's $69 Billion Real Estate Fund Hit Monthly Redemption Limit in January

(Bloomberg) -- Blackstone Inc.'s $69 billion real estate trust hit a monthly redemption limit in January, ramping up the pressure on the massive vehicle for wealthy individuals.

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BREIT told investors Wednesday that it fulfilled repurchase requests for 2% of Blackstone Real Estate Income Trust's net asset value. That accounts for about 25% of what investors wanted to pull out, according to a letter.

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