Are REITs Doomed? Blackstone’s REIT Fallout

Over the past week there’s been a lot of discussion about Blackstone’s real estate investment trust, called BREIT. And I’ve been hearing a lot of talk going around about what this means for REITs and the real estate market as a whole. Shares of Blackstone’s stock has fallen over reports that there’s been a rush of investors trying to pull money out of their REIT. And some people have been claiming this is gonna trigger a mass exodus out of REITs and cause a collapse in the real estate market. So today I wanted to talk about this situation and point out a few things that I think some people might not be aware of in regards to this situation.

BREIT is Blackstone’s private REIT that was founded in 2016 that invests primarily in stabilized income-generating commercial real estate investments across asset classes in the United States. They also invest to a lesser extent, real estate debt investments with a focus on current income. BREIT currently has a net asset value of $69 billion dollars according to their website they focus primarily on investing in the southern and western parts of the United States with the majority of their properties being in the rental housing and industrial sectors.

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