Non-traded REITs raised $1.720 billion in February, posting their third consecutive month above the $1 billion mark. Year-to-date 2021 fundraising totals $2.805 billion.
“Non-traded REIT fundraising is starting the year off strong,” according to Kevin T. Gannon, chairman and CEO of Robert A. Stanger & Co., Inc. “We expect fundraising will continue to strengthen and are raising our 2021 non-listed REIT fundraising projection to $20 billion.”
Blackstone Group leads year-to-date 2021 fundraising with $1.993 billion, followed by Starwood Capital with $491 million. Black Creek Group has raised $121 million in sales, followed by Hines Interest ($73 million) and Nuveen, LLC ($40 million).
In the non-traded business development space, Blackstone Private Credit Fund, the first per