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Blackstone limits withdrawals at $125B property fund as investors rush to exi
- paganel 4y agoThe archived version: https://archive.ph/gw86Y https://archive.ph/gw86Y
- senttoschool 4y agoDoes this mean Blackstone will have to sell their residential properties in order to meet withdrawal requests? Thus, housing prices will be pressured by this.
- Arnt 4y ago«Investors can redeem up to 5 per cent of their holdings in any given quarter,…» so that's the maximum it may need to sell, and it has a choice of what to sell, «logistics facilities, apartment buildings, casinos and medical office parks» so the presumably it'll chose to sell in whichever section its sales cause the least downward pressure. At least assuming the downward pressure affects Blackstone's own sale prices.
- Ekaros 4y agoIs the 5% withdrawal limit from total investment, or each withdrawal? I mean, is the time to get money out 5 years or very long?