Non-traded REITs raised an estimated $2.968 billion in May, marking three consecutive months of over $2 billion raised and, once again, setting an all-time new highwater mark for monthly sales, according to Robert A. Stanger & Co., Inc.
Through May 2021, non-traded REIT fundraising totals $10.686 billion. “Non-traded REIT fundraising continues to surpass our expectations, and is on track to meet our revised 2021 estimate of $25 billion, a record-breaking year,” according to Kevin T. Gannon, chairman and CEO of Robert A. Stanger & Co., Inc.
Blackstone Group leads 2021 fundraising with $7.479 billion, followed by Starwood Capital with $1.847 billon. Black Creek Group has raised $608 million in sales, followed by Hines Interest ($195 million) and Nuveen, LLC ($186 million).
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