Are Interval Funds the Next Big Thing in Real Estate Investment?
October 5, 2016 | Beth Mattson-Teig | National Real Estate Investor
Griffin Capital Corp. is celebrating a $1 billion milestone for its Griffin Institutional Access Real Estate Fund (GIREX). The fund hit that mark in total assets under management well ahead of expectations, a little more than two years after its June 2014 launch date.
Griffin has emerged as a leader in what has the potential to be a growing niche for real estate interval funds. Although interval funds have been around for a long time, real estate interval funds specifically surfaced about five years ago and they are just beginning to gain traction.
Currently, there are only a few active real estate interval funds. However, Griffin’s success is attracting more players. There are a number of new funds in the pipeline that are at various stages in the SEC registration process.
Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.