Non-traded REITs raised $1.085 billion in January, posting their second month in a row above the $1 billion mark, reported Robert A. Stanger & Co., Inc.
“The recovery of non-listed REIT investment is well under way,” said to Kevin Gannon, chairman and CEO of Robert A. Stanger & Co., Inc. “We expect fundraising will continue to strengthen and currently project 2021 non-listed REIT fundraising to reach $15 billion.”
Blackstone Group leads January fundraising with $769 million, followed by Starwood Capital with $178 million. Black Creek Group raised $45 million in sales of its Lifecycle ($34 million) and NAV ($11 million) products, followed by Hines Interest ($45 million) and FS Investments ($17 million).
The big news this month is in the non-listed business development space, w