Blackstone Inc. BX 2.35%increase; green up pointing triangle shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions.
Blackstone Real Estate Income Trust Inc., more commonly known as BREIT, said Thursday in a letter posted to its website that the amount of withdrawals requested in October exceeded its monthly limit of 2% of its net-asset value and its quarterly threshold of 5%.
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