The current transfer by Blackstone’s large retail actual property fund to restrict redemptions after outsize withdrawal requests is a wake-up name for buyers in a once-hot sector that will now face extra regulatory scrutiny, Andrew Bary writes on this week’s version of Barron’s. Blackstone Actual Property Earnings Belief, generally known as BREIT, wasn’t supposed to supply surprises, and for fairly some time it labored, the writer notes. However inflows turned to outflows, and on Dec. 1, Blackstone made a shock announcement that it was limiting investor redemptions after requests hit the quarterly limit-what’s generally known as “gating” a fund. With the fund now gated, redemptions are more likely to proceed, and inflows may very well be challenged, Wall Avenue analysts say. Reference Hyperlink
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