Blackstone stock is seeing downside momentum pick up as of May 4, 2023. The company has been limiting withdrawals from its real-estate fund for the last 6 months as investors scramble to liquidate their real-estate holdings in the face of the upcoming recession and hard landing by Q3 or Q4.
Investors asked to redeem $4.5 billion in April from Blackstone Real Estate IncomeThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... Trust but Blackstone only allowed $1.3 billion to be withdrawn, or about 29% of the amount requested. Commercial real-estate has a big problem right now. This is 6 straight months that investors have tried to pull money out of the Blackstone real-estate trust fund. Imagine if you are a high worth client of Blackstone’s and you’ve been trying to liquidate and get your money out of the fund for 6 months and Blackstone tells you that you can’t and can only have a fraction of your money out.
Blackstone issued the statement that “We remain confident that BREIT’s portfolio will continue to be well-positioned to deliver strong long-term performance and consistent distributions, while providing investors access to the diversification benefits of high-quality real estate as a core portfolio holding” but nobody believes them. If they did, they wouldn’t be trying to pull their money out for the last 6 months.
Blackstone is a global investment firm that specializes in alternative asset management. They manage investments across a range of asset classes, including real estate, private equity, credit, and hedge funds. Blackstone’s clients include institutional investors, such as pension funds and endowments, as well as high-net-worth individuals and families. They aim to provide investors with attractive risk-adjusted returns through a combination of active management, strategic partnerships, and disciplined risk management. In addition to managing investments, Blackstone also provides advisory services and financial solutions to companies and governments around the world.
