Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire
NEW YORK, Dec 1 (Reuters) – (This story from Dec 1 has been edited to correct part of Snyder’s quote referring to arbitration) Blackstone Inc (BX.N) on Thursday limited withdrawals from its unlisted $69 billion real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it …
Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire Read More »