Ni Xiaying
Blackstone’s uncharacteristically restricting investors’ withdrawals this time is directly due to the surge in investors’ redemption requests, and the fundamental reason behind it is actually the fluctuation of interest rates. Rising interest rates are putting pressure on real estate values. The news put some pressure on product values as rising interest rates would make real estate financing more expensive, sending Blackstone shares down 10%, the biggest drop since March. But anyone with a discerning eye can see that although it seems that only Blackstone has a problem now, this crisis will have an impact on the entire real estate sector in the United States sooner or later.
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