Real estate behemoth Blackstone has taken a hit: So many investors have tried to leave Blackstone’s Real Estate Investment Trust (BREIT) that it has locked investor withdrawals.
In other words, investors gave their money to Blackstone so the company could invest it into real estate for them.
And now, Blackstone won’t let all the investors get their money back. Only 43 percent were able to withdraw, and they withdrew around $1.3 billion.
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