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Sternlicht: Withdrawal limits at Starwood REIT are “going to be a six-month thing”
Jun 6, 2024

Sternlicht: Withdrawal limits at Starwood REIT are “going to be a six-month thing”

Barry Sternlicht’s decision to lower withdrawal limits at Starwood Real Estate Income Trust is one that may have ripple effects for at least six months. In an interview with CNBC’s “Squawk Box” on…
Starwood REIT cracks down on withdrawal limits as cash runs short
May 24, 2024

Starwood REIT cracks down on withdrawal limits as cash runs short

With liquidity draining , Barry Sternlicht’s Real Estate Income Trust is cracking down on withdrawal limits. SREIT tightened the limits on how much shareholders can pull from the real estate fund, B…
Barry Sternlicht Talks Non-traded REIT Withdrawals
Dec 7, 2022

Barry Sternlicht Talks Non-traded REIT Withdrawals

Barry Sternlicht said limits on withdrawals from non-traded REITs like the ones run by his Starwood Capital Group and the Blackstone Group aren’t cause for a major freak-out. “We’re not a hedge fund. …
Blackstone, Starwood’s private REITs face scrutiny after capping withdrawals
Jan 2, 2023

Blackstone, Starwood’s private REITs face scrutiny after capping withdrawals

Starwood’s Barry Sternlicht and Blackstone’s Jonathan Gray brushed off concerns about recent moves to limit investors’ withdrawals from their respective non-traded real estate trusts. (Photo-illustrat…
Blackstone Fund Limits Withdrawals for Fourth Straight Month
Mar 2, 2023

Blackstone Fund Limits Withdrawals for Fourth Straight Month

Blackstone president Jon Gray (Blackstone, Illustration by The Real Deal with Getty) Redemption requests from uneasy investors have slowed for Blackstone Group’s real estate investment trust, but the …
Blackstone, Starwood REITS Draw SEC Attention
Dec 16, 2022

Blackstone, Starwood REITS Draw SEC Attention

Moves by Steve Schwarzman’s Blackstone Group and Barry Sternlicht’s Starwood Capital to limit investor withdrawals from their respective real estate investment trusts amid an uptick in requests has ca…
BREIT withdrawal requests drop to 11-month low
Oct 3, 2023

BREIT withdrawal requests drop to 11-month low

Brighter days have arrived for Blackstone Group’s real estate investment trust after a dim year. Blackstone Real Estate Income Trust in September recorded its lowest level of withdrawal requests in …
Brookfield REIT CEO Steps Down
Apr 5, 2023

Brookfield REIT CEO Steps Down

The head of Brookfield’s private real estate trust is stepping down — and a familiar face is stepping in to replace him. Brookfield Real Estate Income Trust announced Tuesday that Brian Kingston, who …
KKR Pumps Brakes on Withdrawals from Real Estate Fund
Jan 19, 2023

KKR Pumps Brakes on Withdrawals from Real Estate Fund

KKR is pumping the brakes on withdrawals from its real estate investment trust, mirroring similar moves by Blackstone and Starwood Capital amid a rising number of redemption requests from shareholders…
Private REITs Face Newfound Scrutiny After Capping Withdrawals
Jan 6, 2023

Private REITs Face Newfound Scrutiny After Capping Withdrawals

Blackstone and Starwood stepped into a charged environment last month when they slammed the brakes on shareholders pulling cash from their high-flying real estate vehicles. At the time, disgraced cryp…
Asian Investor Selloff Led to Blackstone Raising the Gates
Dec 5, 2022

Asian Investor Selloff Led to Blackstone Raising the Gates

Blackstone’s giant real estate fund started limiting withdrawals last week, but the events that led to the decision were set in motion nearly six months ago. Investors withdrew more than 2 percent of …
Blackstone’s REIT CoolsAfter Acquisition Flurry
Nov 4, 2022

Blackstone’s REIT CoolsAfter Acquisition Flurry

Blackstone has grown its real estate investment trust into a $70 billion behemoth, but market tailwinds slowing other real estate activity could spell a rocky ride. Inflows are slowing and redemptions…
BREIT forges ahead on comeback trail
Jul 17, 2023

BREIT forges ahead on comeback trail

Blackstone’s real estate investment trust continued its climb out from under a mass of redemption requests that landed in recent months, with June posting its strongest returns in nearly a year. Bl…
Blackstone’s next play: Data centers for AI boom
Jul 31, 2023

Blackstone’s next play: Data centers for AI boom

Blackstone’s flagship fund is quietly making a major push in the data center sector, recognizing the growing need for the properties as artificial intelligence proliferates. The Blackstone Real Estat…
BREIT Lands $4B From University of California
Jan 3, 2023

BREIT Lands $4B From University of California

After a trying month for Blackstone’s real estate investment trust, the University of California is stepping in to prop up the fund. UC Investments pledged $4 billion towards the Blackstone Real Estat…
Investors Can’t Pull Their Money Out of Non-traded REITs
Apr 15, 2020

Investors Can’t Pull Their Money Out of Non-traded REITs

Thousands of people who poured billions of dollars into non-traded real estate investment trusts are now discovering that taking money out is a little more complicated. Many fund managers are limiting…
KKR pumps $50M into property fund in tense moment for REITS
Jun 10, 2024

KKR pumps $50M into property fund in tense moment for REITS

As one firm braces for a difficult period ahead with its real estate investment trust, another is propping up its property fund. KKR injected $50 million of fresh capital into KKR Real Estate Select …
Blackstone sells Simply Self Storage for $2B
Jul 24, 2023

Blackstone sells Simply Self Storage for $2B

Blackstone is selling Simply Self Storage to another self-storage operator as its real estate firm looks to continue an upward trajectory from turbulent recent months. Public Storage agreed to buy t…
Withdrawals From Commercial Property Funds Surge
Dec 6, 2022

Withdrawals From Commercial Property Funds Surge

The two largest nontraded real estate investment trusts have raised their guards to combat surging withdrawals from commercial property funds. Investors have responded to rising interest rates by pull…
Blackstone sells Texas resort for $800M
Jun 6, 2023

Blackstone sells Texas resort for $800M

UPDATED 6/6/23 at 12:36 pm Ryman Hospitality will buy the JW Marriott Hill Country Resort and Spa in San Antonio from Blackstone Real Estate Income Trust for $800 million. Hospitality investors h…