Real Estate - OCTOBER 23, 2020

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Nonlisted REITs raise $1.5b in third quarter

by Released

After stabilizing in the mid-$400 million range during the previous two months, September marked an uptick in nonlisted REIT fundraising, bringing third quarter 2020 nonlisted REIT fundraising to $1.5 billion, a 48 percent increase over the prior quarter, according to Robert A. Stanger & Company, Inc.

Year-to-date through September 2020, investment in nonlisted REITs totals $8.161 billion, up 7 percent from the same period of 2019.

“The recovery of nonlisted REIT fundraising has been consistent with our 2020 projection of $10 billion,” said Kevin T. Gannon, chairman and CEO of Robert A. Stanger & Company, Inc. “We anticipate a strong finish to 2020 for the alternative investment space.”

The graph below illustrates the effect of COVID-19 on nonlisted REIT fundraising this year. After record fundraising months in January ($2.4 billion) and February ($2.5 billion), fundraising declined to $763 million in March and continued downward through April ($

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