Blackstone Slams The Pause Button On Investors

A $69B real estate fund tells investors "NO" on withdrawal requests as investors surge to liquidate

Author

Conner Burton
December 11, 2022

What's up Calculated Investors.

Blackstone did their best RobinHood impression and told investors "no", as they stopped allowing withdrawals from their $69B real estate fund.

A surge of investors attempted to liquidate their shares and pull out almost $1.8B in redemption requests. This "triggered" the 2% monthly net value limit. The news dropped Blackstone's stock value almost 10% on Thursday.

$1.8B in December, combined with $1.3B withdrawn in November is proof even the big dogs are starting to feel the decline in investor sentiment.

I have a feeling the "cash is king" megaphones are about to get a lot louder...

Multiple forecasts and surveys are trending in the negative direction.

Multifamily construction is still booming, and nobody really knows what is going to happen in 23'.

Let's get into it. 💲🏠💲

Calculated Market

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  • Multifamily construction 👷‍♂️ 👷‍♂️ continues to surge forward (GLOBE)

  • 2022 predictions: Where CRE was right...and most definitely wrong (BISNOW)

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  • Housing market predictions for 23': Home prices expect to fall (FORBES)

  • What Congressional gridlock could mean for CRE (GLOBE)

  • Morgan Stanley changed its price forecast from -7% to -10% (BP)

  • 3 Tips for capital preservation in today's market (BEST)

  • The 10 best real estate markets of 2023 ⬆⬆ (USATODAY)

  • High mortgage rates keep housing sentiment down down (FANNIE)

  • Apartment conversions on the rise (RENTCAFE)

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