A number of institutional-focused investment managers are giving the nontraded REIT sector a closer look.

Starwood Capital Group is launching Starwood Real Estate Income Trust. The firm registered with the Securities and Exchange Commission in October for a public, nontraded REIT that will offer up to $4 billion in its primary offering and $1 billion through a dividend reinvestment plan. The nontraded REIT will focus on commercial properties in the United States and possibly Europe.

In September, Procaccianti Cos. launched Procaccianti Hotel REIT, with plans to raise $553 million to invest in hotel properties around the country. Procaccianti also owns hotel operator TPG Hotels & Resorts.

In addition, PERE recently reported TH Real Estate is looking to get into the nontraded REIT business, as well.

These new entrants join Blackstone, which launched a nontraded REIT in 2016, as well as more longstanding institutional names such as Colony NorthS