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Non-traded REITs post another $3b+ month in July
Real Estate - AUGUST 31, 2021

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Non-traded REITs post another $3b+ month in July

by Robert A. Stranger & Co., Inc.

Non-traded REITs posted more than $3 billion in fundraising for their second month in a row, according to Robert A. Stranger & Co., Inc.

July fundraising of $3.3 billion was once again led by Blackstone’s BREIT with $2.332 billion. Starwood reported a strong $544 million this month and Ares, formerly known as Black Creek, reported $155 million.

“While Blackstone maintains a stronghold on the market share of non-traded REIT fundraising, posting its third consecutive month of $2 billion plus capital formation, Starwood, Ares, Nuveen and FS Investments continue to gain traction. In addition, newly effective offerings from KKR and Invesco have joined the space to contribute to the 136 percent overall increase in fundraising by non-traded REITs compared to this time last year,” according to Randy Sweetman, executive managing director of Robert A. Stanger & Co., Inc.

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