Schwarzman brushes off BREIT fears as “a bit baffling”

After pumping the brakes on redemptions from Blackstone’s real estate investment trust, the firm’s chairman is attempting to do the same for investor fears. Blackstone chairman Stephen Schwarzman spoke publicly on Wednesday for the first time since the Blackstone Real Estate Income Trust restricted investor withdrawals last week. In comments at an industry conference reported by the Financial Times, Schwarzman said the fears were “a bit baffling,” calling REIT “some of our best work.” “The