Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values

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Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values
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Investors are lining up to pull money out of real-estate funds, the latest sign that rising interest rates are threatening to upend the commercial-property sector

Blackstone Inc.

last week said it would limit the amount of money investors could withdraw from its $69 billion flagship real-estate fund following a surge in redemption requests. Starwood Capital Group shortly after notified investors that it was also restricting withdrawals in a $14.6 billion fund, according to a person familiar with the matter.

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