National investment loss lawyers KlaymanToskes reports Blackstone Real Estate Income Trust (“BREIT”), a non-traded real estate investment trust sponsored by Blackstone Group, has limited redemption requests for investors for the seventh month straight.
BREIT recently announced that it received redemption requests totaling $4.4 billion for the month of May, but paid out only $1.3 Billion to investors. Blackstone has limited withdrawals for BREIT investors seven times since November 2022. KlaymanToskes previously reported the company’s announcement that it redeemed $1.3 Billion in requests in April 2023, despite investors’ requests totaling $4.5 billion for the month.
In March, BREIT redeemed less than 15 percent of investors’ requested withdrawals, which reached $4.5 billion and saw an increase from February’s $3.9 billion in requests. In January 2023, BREIT’s withdrawal requests hit their peak at $5.3 billion, causing the stock of Blackstone, Inc. (NYSE: BX) to drop by nearly 10 percent.
If you suffered investment losses in Blackstone Real Estate Income Trust (BREIT) due to the unsuitable investment advice of a full-service brokerage/advisory firm and/or a registered broker/investment advisor, contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss recovery options.
Brokerage firms and financial professionals that recommended investments in Blackstone Real Estate Investment Trust (BREIT) may be liable for any investment losses incurred by their customers. In the event of a misrepresentation or omission of material facts resulting in losses suffered by the investor, the brokerage firm may be liable for a breach of fiduciary duty.
Brokerage firms have a duty to ensure that their customers are not concentrated in any one product or sector. In addition, brokers and their firms also have a responsibility to provide customers with diversification and risk-management strategies to protect concentrated and/or margined positions.
If you suffered investment losses in Blackstone Real Estate Income Trust (BREIT) due to the unsuitable investment advice of a full-service brokerage/advisory firm and/or a registered broker/investment advisor, contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss recovery options.
Our firm offers legal services on a contingency fee basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com