Blackstone Real Estate Income Trust has been limiting redemptions for months, and while the withdrawal requests are still flowing in, the REIT suggests that the peak may have passed.
In June, BREIT received roughly $3.8B in withdrawal requests, which BREIT leadership said in a letter to shareholders is 29% off January’s peak request volume and is the lowest repurchase request amount so far this year. February requests totaled $3.9B, while requests for both March and April reached $4.5B. Requests in May totaled $4.4B. 
BREIT is fulfilling about $628M, or 17%, of the June requests, the letter said. The REIT has paid $8.1B to those…