Non-listed REITs are following a theme park projection model exhibited by prior system shocks. Capital fundraising swooped down to $310 million in April 2020 from $780 million in March and $2.5 billion in February and January, reflecting a major pullback of capital placement into alternative investment real estate, according to data provided by Robert A. Stanger & Co.
“While we consider this curtailment in capital formation an intelligent reaction to the healthcare crisis, we expect it to subside with a recommencement of real estate capital formation in coming months as the impact of the pandemic subsides and state economies reopen. Investors will once again be drawn to the stable performance of non-listed REITs, NAV REITs in particular, that have continued to outperform listed REITs throughout this pandemic,” said Kevin Gannon, chairman and CEO of Robert A. Stanger & Co.
The graph below illustrates the roller coaster ride that non-listed REIT fundraising h
