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Blackstone REIT in the headlines with withdraw limits

By
Managing Real Estate Broker with ERA American Real Estate

Low volatility with a high dividend for high net worth investors that is what many articles from advisors had stated about the stock shares of Blackstone some continue to say that, they also state that the product is fine and the limit of withdraws for customers of getting their money out of the REIT is set up to limit per quarter withdraws and yearly in order to pay the dividend and to retain the underline assets to give time to liquidate the properties needed to move on the market from holding status in order to protect that long paid dividend.

https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/ 

There I dont believe are many that understood this condition well on the tie up of funds with caps of withdraws according to current headlines this week, those with any investment exposure to crypto and withdraw freezes have seen exchanges go under https://activerain.com/blogsview/5760133/the-ftx-scandal

And this I could see would cause fear in those investors potentially with FTX that seem to be regulated with CFTC with Ledger X according to Crypto Fortune reporting and LedgerPrime according to the Washington Post and reported FTX  seem to have a former CFTC Mark Wetjen even more lending creditability to FTX it would seem.

Not to say that BlackStone is in anyway related to FTX  just interesting to see the stories of REITS going through what seems more scrutiny recently as valuations on the real estate assets have been called into question by some with the number of pending contracts so sharply down, this seeming to impact rental markets and investment commercial property as well in overall market conditions I can see peoples point when looking at risk management.

The stock for Blackstone has a 52 week high 138.95 and is down to 77.70 after hours today when writing this. Year to date down 38% 

 

*Artwork via my rare Knights of Degenerate NFT*

Artist Blake Jamieson known for sports NFTS like Topps cards.

 

Posted by

Brandon Jordan, Realtor,E-PRO,ERA American Real Estate
 

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