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Blackstone Yesterday Resurrected a BREIT Misrepresentation We Had Killed Off

By Craig McCann and Regina Meng

Introduction

Each month we review BREIT's Performance webpage to see what NAV it claims for the prior month end. After two years' absence, a grossly misleading graphic reappeared yesterday. In fact, Blackstone has made this renewed misrepresentation even worse.

Two and a half years ago, we started a series of posts outlining problems with BREIT.

In December 2022, we predicted a run on BREIT and then in April 2023 we identified 7 major areas in which we...

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