Sources said that Blackstone Group is trying to arrange a secondary market sale for one of its major real estate funds due to high interest rates dragging back cash returns and triggering investors' demand for redemption. Blackstone has already reached out to potential buyers regarding this secondary market deal. The deal will allow some of the current investors in the US fund managed by Blackstone Real Estate partners to cash out. A person, who did not wish to be named or discuss the confidential information, said that it is common for investors to sell fund shares in the secondary market, but now Darkstone has stepped in more depth and took the lead in arranging related transactions.

Sources said that Blackstone Group is trying to arrange a secondary market sale for one of its major real estate funds due to high interest rates dragging back cash returns and triggering investors' demand for redemption. Blackstone has already reached out to potential buyers regarding this secondary market deal. The deal will allow some of the current investors in the US fund managed by Blackstone Real Estate partners to cash out. A person, who did not wish to be named or discuss the confidential information, said that it is common for investors to sell fund shares in the secondary market, but now Darkstone has stepped in more depth and took the lead in arranging related transactions.