The recent move by Blackstone’s giant retail real estate fund to limit redemptions after outsize withdrawal requests is a wake-up call for investors in a once-hot sector that may now face more regulatory scrutiny, Andrew Bary writes in this week’s edition of Barron’s. Blackstone Real Estate Income Trust, known as BREIT, wasn’t supposed to offer surprises, and for quite a while it worked, the author notes. But inflows turned to outflows, and on Dec. 1, Blackstone made a surprise announcement that it was limiting investor redemptions after requests hit the quarterly limit-what’s known as "gating" a fund. With the fund now gated, redemptions are likely to continue, and inflows could be challenged, Wall Street analysts say. Reference Link
Published first on TheFly
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