Blackstone’s $67 Billion REIT Sees Withdrawal Requests Decline

Investor requests to pull money out of Blackstone Inc.’s $67 billion real estate trust eased to the lowest in almost a year.

Blackstone Real Estate Income Trust is making some headway in resolving its backlog. In September, investors sought to pull out $2.1 billion, or 28% less than what they requested to withdraw in August, according to a letter Monday. Withdrawal requests were the lowest since October 2022.

BREIT returned about 29% of what investors requested in September, or about $625 million, according to the letter. That’s the 11th straight month of restrictions as BREIT seeks to prevent having ...