Blackstone REIT Limits Redemption Requests from Investors – May Recover Investor Losses

Blackstone REIT Limits Redemption Requests from Investors – Goodman & Nekvasil, P.A., May Recover Investor Losses

Blackstone REIT Limits Redemption Requests from Investors.   After an influx of redemption requests, according to an article in Business Today, Blackstone REIT’s shares reportedly traded down 7.1%.

The REIT reportedly told investors in a letter that it would limit redemptions after Blackstone REIT allowed investors to redeem $1.3 billion in November.

According to the article in Business Today, some Blackstone REIT investors showed concern after the REIT was slow to adjust its valuation compared to publicly traded REITs.

Blackstone REIT has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S. Select REIT Total Return Index 22.19% decline over the same period, according to the Business Today article.

DI Wire recently reported a significant reduction in Blackstone REIT’s monthly equity raise, while requests for redemptions accelerated.

According to the DI Wire article, during the second quarter Blackstone REIT saw a decline of 13.8%, while quarterly redemptions tripled to approximately $2.9 billion, or 26.8% of equity raised during the quarter.

Blackstone REIT Investigation

 Goodman & Nekvasil, P.A., is investigating potential securities claims involving broker dealers who may have unsuitably recommended Blackstone REIT to its clients.    

Non-traded REITs are risky and complicated investments. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as Blackstone REIT.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $300 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

You may have the right to recover your losses from the brokerage firm that sold Blackstone REIT and other high-risk investments to you. We recommend that you act quickly because statutes of limitation can be short in securities cases.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. If you would like to discuss the possibility of retaining our firm to represent you in an arbitration action, please contact us.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover money from investment losses, you will pay us nothing.  Finally, the filing of such a case should not affect your ownership of these investments in any way.

If you incurred losses on your investment in Blackstone REIT and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from published news articles. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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