Research - NOVEMBER 16, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Non-listed REITs raise $656m in October

by Robert A. Stanger & Company

Non-listed REIT fundraising continued to uptick last month. October 2020 non-listed REIT sales totaled $656 million, an 8.3 percent increase from $606 million in September.

Year-to-date through October 2020, investment in non-listed REITs totals $8.818 billion, up slightly from the same period 2019 total of $8.771 billion. “The recovery of non-listed REIT fundraising has been consistent with our 2020 projection of $10 billion,” said Kevin Gannon, chairman and CEO of Robert A. Stanger & Co., Inc. “We anticipate a strong finish to 2020 for the alternative investment space.”

The graph below illustrates the effect of COVID-19 on non-listed REIT fundraising this year. After record fundraising months in January ($2.4 billion) and February ($2.5 billion), fundraising declined to $763 million in March. Fundraising continued downward until bottoming in May ($247 million) and marking its first uptick in June ($454 million). Following a plateau in July and August, fun

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.