According to a letter obtained by Bloomberg, Blackstone Real Estate Income Trust (BREIT) recorded investor outflows for September at $2.1 billion, or 28% less than what was requested to withdraw in August. The good news is that withdrawal requests are the lowest since October 2022. 

However, BREIT only returned $625 million, or about 34% of what was requested - as the massive real estate trust continues to gate redemptions to prevent outflows. Last month was the 11th straight month of restrictions for BREIT.

About 80% of the BREIT fund has exposure to rental housing, industrial, and data centers.