EVEN BILLION DOLLAR COMPANIES LIKE BLACKROCK HAVE CASH FLOW ISSUES IN 2023!!

As the private equity firm continues to deal with a flood of redemption requests, Blackstone Inc said on Wednesday that it had barred clients from paying out their assets in its $71 billion real estate income trust (BREIT).

BREIT said in a statement to clients that it completed $1.4 billion in redemption requests in February, accounting for only 35% of the total $3.9 billion in withdrawal requests for the month.

Listen to “DOES BLACKSTONE HAVE CASH FLOW ISSUES LIKE EVERY OTHER COMPANY??? ” by Maria Rekrut and All Things Real Estate. ⚓ https://anchor.fm/maria-rekrut/episodes/DOES-BLACKSTONE-HAVE-CASH-FLOW-ISSUES-LIKE-EVERY-OTHER-COMPANY-e1vniof

According to the company, total BREIT redemption requests hit roughly $5.3 billion in January, which is 26% less than the amount received in February.

Related video: Schwarzman, Chairman of Blackstone, got a dividend and $253 million in pay (WION)

Blackstone blocked investor withdrawals from $71 billion REIT in February https://www.msn.com/en-ca/money/topstories/blackstone-blocked-investor-withdrawals-from-71-billion-reit-in-february/ar-AA186mhb?ocid=mailsignout&pc=U591&cvid=474ec7151039446e91f8f865e2aa2adf&ei=18

About Maria Rekrut

Maria Rekrut, believes Vacation Rental Investing is much more fun than the average real estate investing. Maria, known as the Vacation Rental Guru, writes blogs regularly about her stories and adventures in vacation home investing. Maria Rekrut believes that if she can become successful investing in Vacation Rentals so can anyone else by following her simple investing techniques. Maria is also a regular contributor to the Real Estate Blog http://www.reiclub.com/realestateblog/author/maria-rekrut/
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