Blackstone Is Having Trouble Trying To Figure Out How To Steal As Much Money As Possible
June 6, 2023
“Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion…
…A clause in Blackstone’s standard shareholder agreement allows the company to limit withdrawals if the total amount of the withdrawal requests exceeds 5% of the fund’s net asset value…”
https://finance.yahoo.com/news/blackstone-reit-continues-trend-bad-193739975.html
That’s call stealing in my opinion. At least that’s how the laws apply to we peasants. But Blackstone they different. You give them money and they give it back when they feel like it. What?! How much you want to bet they have about 500 of these type of rules written in fine print on their legal documents?
Hey, is it written in a clause that Blackstone can strangle puppies as well? Why Not? What I just said about puppies is just as ridiculous as their user agreements.