Non-Listed REITs Regain Fundraising Momentum
June 6, 2018 | Beth Mattson-Teig | National Real Estate Investor
The non-listed REIT sector appears to have rounded an important corner. After a slump in fundraising, the sector is once again capturing more capital flowing into the space.
Robert A. Stanger & Co. reported that fundraising for non-listed REITs accelerated during the first quarter with a total volume of $938.1 million, which is up 6.9 percent compared to the $878 million reported in the fourth quarter of 2017 and 18.1 percent compared to the $794 recorded in the third quarter of last year. “I believe there are some tailwinds and we will see incremental improvement throughout 2018 and a significant shift going into 2019,” says Anthony Chereso, president and CEO of the Institute for Portfolio Alternatives (IPA).
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.