Blackstone says BREIT repurchase requests exceeded monthly limit in January

In a letter to Blackstone Real Estate Income Trust investors posted to the BREIT website, Blackstone stated in part: "BREIT continues to deliver strong performance and consistent, tax-advantaged distributions for our investors. We are proud that BREIT has generated a +12.5% annualized net return since inception and an +8.4% net return in 2022, supported by +13% estimated cash flow growth despite a challenging environment… Given repurchase requests exceeded the monthly limit in January, BREIT fulfilled repurchase requests equal to 2% of NAV in accordance with the Repurchase Plan. This represents 25% of the shares you submitted for repurchase. Repurchases were fulfilled at the December 31, 2022 NAV per share for your applicable share class. Under the Repurchase Plan, unfulfilled repurchase requests are not carried over automatically to the next month." Reference Link