Blackstone’s BREIT Records Net Inflows for First Time Since 2022

Blackstone Inc.’s $55 billion real estate fund for wealthy individuals last month took in more money from investors than it paid out for the first time since 2022, a sign of rebounding sentiment in the commercial-property sector.

Blackstone Real Estate Income Trust came under pressure in recent years as higher interest rates weighed on property values. Investors tried to yank money at a rapid clip, at one point asking to withdraw $4.5 billion in a single month.