Blackstone’s BREIT scored another record-breaking month of fundraising propelling the industry to an all-time monthly record of $3.5 billion in June, according to Robert A. Stanger & Co.
Besides BREIT’s staggering $2.545 billion, Starwood reported a strong $542 million while Black Creek, now owned by Ares, reported $181 million in June. KKR broke escrow with $92.5 million, FS accelerated to $94 million, and Nuveen raised over $70 million.
“Real estate continues to be a sound solution to the needs of the investment community today with NAV REITs gaining great respectability from the influence of these institutional-quality managers,” said to Kevin Gannon, chairman and CEO of Robert A. Stanger & Co., Inc. “Stanger now projects non-traded REIT fundraising will reach $30 billion this year, while retail alternative investments are projected to raise a staggering $60 billion.”
Blackstone Group leads 2021 fundraising with $10.024 billion, followed b