Blackstone’s BREIT Hits Key Milestone as Investor Nerves Calm

A major Blackstone Inc.property trust flashed the strongest signal yet that investor pressure for cash is abating.

The firm’s $60 billion real estate trust for wealthy individuals is finally letting customers draw money without any constraints for the month. Blackstone Real Estate Income Trust said Friday that redemption demands fell below a key threshold, meaning the trust could return as much as investors wanted to pull out.

Since November 2022, BREIT has returned less money than investors requested each month, enforcing a key limit that helps it avoid forced selling. BREIT allows withdrawals of as much as 2% of ...