Blackstone Real Estate Income Trust (BREIT) Breaches Redemption Limit

BREIT’s repurchase program has reportedly become oversubscribed for the first time, confirming that the laws of supply and demand do, in fact, still apply to even the widely distributed real estate behemoth. While liquidity restrictions can be frustrating for investors, oversubscribed tenders or redemption programs are not necessarily indicative of a low-quality investment. In fact, BREIT represents a portfolio of high-quality assets and a stellar management team. However, the need for liquidity can often transcend the fundamentals.

Shareholders who are looking for secondary market liquidity should expect to find liquidity solutions that are aligned with the fund’s value proposition rather than prices below what is fair.

Contact Cox Capital to discuss liquidity options for your illiquid assets.