UNLOCK THE POWER OF THE VAULT

New nontraded REIT sponsors, aiming to tap retail capital, could upend competitors

July 5, 2016

 

 


New nontraded REIT sponsors, aiming to tap retail capital, could upend competitors

Thursday, 30 June 2016 9:44 AM ET | By  Jake Mooney | SNL

Office building close upMultiple large asset managers are considering a move into the nontraded REIT business, and their arrival could put pressure on existing sponsors to offer new products and adjust their business practices, attendees at IMN’s nontraded REIT conference said.

Blackstone Group LP‘s reported interest in the nontraded REIT space was a recurring theme in panel appearances and interviews at the conference. Attendees also pointed to the planned merger of NorthStar Asset Management Group Inc., which sponsors nontraded REITs, with Colony Capital Inc., and the pending acquisition of nontraded REIT sponsorResource America Inc. by billionaire Andrew Farkas’ C-III Capital Partners LLC.

“We know that there are a couple of institutions that have been circling around the space,” Keith Allaire, a managing director at Robert A. Stanger & Co., said in a presentation, adding that some players have not committed because of regulatory uncertainty around nontraded REITs.

Article Located Here

 

Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.