Articles Tagged with Non-Traded REIT Fraud Loss Lawyers

Blackstone REIT Investors Continue To Seek Redemptions. Our Non-Traded REIT Fraud Loss Lawyers Are Here To Evaluate Any Losses

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate claims of losses involving Blackstone Real Estate Investment Trust (BREIT). While now, according to a July 1 client letter, it is reportedly able to keep up with investor redemption requests—BREIT received below $806M in buyback demands in June—we remain concerned about possible investment losses. If your broker-dealer marketed/sold you Blackstone REIT, another REIT or a non-traded REIT, contact us today to request your free, no-obligation case assessment.

According to a yearly report by Blackstone Real Estate Investment Trust, in 2023 it paid out more in distributions—$2.8B—than it possessed in cash flow—$2.7B. Investor redemption requests played a huge role in its woes and BREIT wasn’t even able to fully repay every withdrawal request that was made starting in late 2022 until February 2024. Its board of directors even approved going over the 5% of net asset value (NAV) quarterly limit to satisfy all repurchase requests in June 2024.