[vg0va3]

I wonder if Blackstone is the new Lehman? How many pension funds hold Blackstone REIT’s?

Don’t forget this in December:

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/

[rb22982]

No, Blackstone isn't the new Lehman for a lot of reasons. 1) It's not a bank and isn't levered 50 to 1 like Lehman was 2) most of its projects are owned individually (ie if something goes kaput it only effects that particular investment 3) Most of its assets are doing very well.

The REIT redemptions was largely issues with Asian $ coming out to cover problems back home.

[AAABEST]

I was thinking the same - prohibiting REIT withdrawals and now major defaults.

Not a good sign.. for them. Great for America though - especially if they start hanging themselves.