Only 43% of redemption requests were honored. Blackstone already restricts t to be under 5% in any quarter. Per FT, majority of requests from Asia. BREIT sells Las Vegas casino states to keep up with run on fund. Yikes!
Sources: https://www.ft.com/content/e1ddc6f0-eb0a-4d52-8971-b1d9c2cb5c02
https://finance.yahoo.com/news/blackstone-limit-withdrawals-giant-real-155132626.html
https://therealdeal.com/2022/12/01/blackstone-limits-reit-withdrawals/
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