REIT Lawyers

Do You Need Skilled REIT Lawyers To Investigate Your Investor Losses?

Blackstone Blocks Withdrawals From $69B Real Estate Investment Trust 

Blackstone Inc. has announced that in January 2023, Blackstone Real Estate Income Trust (BREIT) reached its monthly redemption limit when it fulfilled about $1.3B of repurchase requests. This is about 2% of the fund’s net asset value (NAV) and around 25% of the approximately $5.3B of withdrawal requests that were received for the month.

Since November 2022, in the wake of redemption requests for the real estate investment trust going beyond 5% of the fund’s NAV, Blackstone has been exercising its ability to place a stop on BREIT investor withdrawals. It did so again in January.

Our seasoned REIT Lawyers are currently speaking to BREIT investors to help them determine whether their broker may have unsuitably recommended this private REIT to them. This non-listed investment is generally too risky for retail customers and conservative, older retirees. It should only be marketed to accredited investors. However, whether or not Blackstone Real Estate Income Trust is also suitable for a sophisticated and/or wealthy investor would depend on the latter’s risk tolerance level and financial goals.

Not only that but, if you consider that BREIT has been reporting financial challenges for the past few years—including the havoc created by COVID-19 in the commercial real estate arena—purported due diligence failures by financial advisors may have been at play. One can’t help but wonder, did brokerage firms prioritize the high commissions and fees they were paid for selling this product to clients rather than the importance of looking out for the latter’s best interests and making sure that this was a sound investment opportunity?

How Can Our REIT Attorneys Help?

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent retail investors, retirees, inexperienced investors, accredited investors, high-net-worth individual investors, and institutional investors against the brokerage firms and their financial advisors that were responsible for their portfolio losses. We help investors determine whether or they were the victims of broker misconduct or negligence and what legal options to consider.

If we decide to work together, our savvy REIT Lawyers will prepare and file your statement of claim, including gathering the necessary documents and other evidence to build your case. We will represent you and your Financial Industry Regulatory Authority (FINRA) lawsuit.

BREITS are risky illiquid and unregulated investments. Some of the largest brokerage firms in the United States sold this private REIT to customers. You want savvy investor loss attorneys that have the resources, knowledge, and experience to go up against Wall Street Firms and prove to a panel of arbitrators that you are entitled to damages.

Over the years, Shepherd Smith Edwards and Kantas have represented thousands of investors. With our help, more than 90% of them achieved full or partial financial recovery. We have secured settlements and awards, including ones reaching seven figures for some clients, to collectively recover many millions of dollars for them via arbitration, litigation, and mediation.

Our team of securities attorneys, paralegals, and legal assistants have a combined over a century’s worth of experience in securities law and the securities industry. Many of us are former brokers who left that business because of the unsavory practices often employed against investors. We know when broker fraud played a part in someone’s losses and we’ve dedicated our entire law practice to giving our clients the best chance possible for obtaining damages.

Call (800) 259-9010 today to request your free, no-obligation consultation about your BREIT losses with our team of REIT Lawyers.