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Blackstone’s Breit Retail Real Estate Fund Suffers First Significant Outflows – Barron’s

Blackstone ‘s big retail real estate fund experienced sizable net redemptions for the first time, in a potentially worrisome development for what has become one of the firm’s most important products and a focus of investor concerns.

Barron’s estimates that net redemptions totaled about $700 million in October for Blackstone Real Estate Income Trust, based on a disclosure in the fund’s monthly report, dated Monday, that lists its shares outstanding.

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