Real Estate - DECEMBER 27, 2021

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Non-traded REITs blast through records, with more than $4.6b in November fundraising

by Robert A. Stranger & Co., Inc.

Non-traded REIT fundraising totaled $4.626 billion in November, a previously unfathomable monthly sum, and more than the industry’s annual fundraising from 2016 to 2018, reported Robert A. Stranger & Co., Inc.

Blackstone’s BREIT leads with $3.239 billion that month, far outpacing its monthly record. Starwood reported $833 million in fundraising for the month, followed by FS Investments with $106 million.

“Non-traded REIT fundraising through November has reached $32.8 billion dollars, more than three times their full-year 2020 total, as this incredible pace of capital formation continues to attract new entrants to the space,” said Randy Sweetman, executive managing director of Robert A. Stanger & Co. Inc.

Stanger now expects non-traded REITs to break through our 2021 fundraising projection of $35 billion.

“In our view, this record-breaking influx of capital into non-traded REITs is heavily influenced by the strong total returns posted by

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