BREIT’s Reports Annual Loss, Owing University of California $560MM

By The Registry Staff Blackstone Real Estate Income Trust (BREIT) has encountered its first annual loss since its inception in 2017, with returns for 2023 dropping to 0.5 percent, Bisnow reported. The repercussions extend to Blackstone owing the University of California (UC) double the amount from the previous quarter, reaching a substantial $560 million.  BREIT's […]