Public nontraded REITs have experienced an overall decrease in redemptions in second quarter 2025 compared with the prior quarter, with redemptions totaling 2.5 percent of aggregate NAV as compared to 3.4 percent in the prior quarter, according to AltsWire regarding research by Robert A. Stanger and Co.
Blackstone Real Estate Income Trust (BREIT), the largest nontraded REIT, has largely influenced this; BREIT experienced redemptions of 2.7 percent aggregate NAV, as compared to 3.9 percent in first quarter 2025. Overall investor redemptions have reached $4.9 billion and have outpaced public nontraded NAV REIT fundraising of $2.9 billion.
Aggregate NAV for public nontraded business development company investor redemptions reached 2.4 percent in the second quarter. Year-to-date fundraising reached $23.2 billion, surpassing the $3.8 billion of investor redemptions reported by nontraded business development companies.
