Blackstone and Starwood stepped into a charged environment last month when they slammed the brakes on shareholders pulling cash from their high-flying real estate vehicles. At the time, disgraced crypto guru Sam Bankman-Fried (who within days would be indicted on fraud charges) was all over the news and social media following the collapse of his FTX crypto exchange. Comparisons between FTX and the private equity giants’ non-traded REITs came easy. “What is happening now with