by Robert A. Stranger & Co., Inc.
Non-traded REIT fundraising totaled $3.519 billion in October, marking the industry’s fifth consecutive month of more than $3 billion raised, reported Robert A. Stanger & Co. Inc.
Blackstone’s BREIT leads with $2.414 billion this month, pushing the REIT’s cumulative fundraising past the $40 billion mark. Starwood reported $587 million in fundraising for the month, followed by LaSalle Investment Management with $122 million.
“Non-traded REIT fundraising through October has reached $28.2 billion dollars, far surpassing the prior full-year record of $19.6 billion set back in 2013. This incredible pace of capital formation continues to attract new entrants to the space. After suspending fundraising in the midst of several mergers, Cottonwood Communities has just re-entered the market, now structured as a NAV REIT,” said Randy Sweetman, executive managing director of Robert A. Stanger & Co. Inc.
Stanger reconfirmed its 2021 fundraising projection of
