NEW YORK—Blackstone Inc. said on Wednesday it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT) as the private equity firm continues to grapple with a flurry of redemption requests.
BREIT said it fulfilled redemption requests of $1.4 billion in February, which represents only 35 percent of the approximately $3.9 billion in total withdrawal requests for the month, the firm said in a letter to investors.
