Muddy Waters Research, a notable short-selling firm, is targeting Blackstone Mortgage Trust Inc. (NYSE:BXMT) for a potential short-sell opportunity in 2024. Blackstone Inc.'s private REIT and BXMT have faced challenges in 2023, with the former limiting shareholder redemptions and the latter struggling with high interest rates and share price volatility. BXMT's focus on commercial real estate financing is risky due to high vacancy rates and potential defaults. Muddy Waters predicts a dividend cut and liquidity crisis for BXMT in 2024, which could lead to significant losses and insolvency risks.