“In addition, Stanger reports that heightened levels of redemption activity continues. Net asset value REITs satisfied an estimated $4.6 billion of requests in the fourth quarter of 2022, equal to approximately 4.2% of net asset value at the beginning of the period. To date four NAV REITs sponsored by Blackstone (Blackstone Real Estate Income Trust), Starwood (Starwood Real Estate Income Trust), KKR (KKR Real Estate Select Trust) and RREEF (RREEF Property Trust) reported 2023 redemption requests exceeding monthly or quarterly limits.”
(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.wealthmanagement.com/cre-wire/10-must-reads-cre-investors-today-feb-28-2023)