Blackstone COO Jon Gray on BREIT redemptions: We knew there would be periods of volatility

📆 1/3/2023 6:53 PM
📰 CNBC

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'It is a $4 billion common equity investment into BREIT with an effective minimum hold period of six years,' Jon Gray, Blackstone president and COO, says of the University of California's latest investment.

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What Breit stands for ?

Side letter from hell. Must have been a disaster. Re-subordinating existing securitized tradable claims? Securities lawyers are going to go crazy here.

Jonathan: this is not a ‘massive affirmation’ of BREIT. It’s a guess, at best. Everything is easy to buy; nothing is easy to sell. Check back in in 6 years.

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