NTR Sales Down 30% in July While BDC Sales Decrease 43%

August 11, 2017

NTR Sales Down 30% in July While BDC Sales Decrease 43%

August 11, 2017 | by James Sprow | Blue Vault


Sales by nontraded REITs fell 30% in July. The June sales of $350.9 million reported to Blue Vault by nontraded REIT sponsors fell to $245.8 million in July. This was below the trailing six-month average for nontraded REIT sales of $371 million. A drop in sales during the summer is not unusual for the industry and was also observed in 2016.

BDC sales reported in July were $42.2 million, down 43% from $74.3 million in June, and below the $66.0 million trailing six-month average for BDCs.

Blackstone REIT’s reported sales in July were $87.9 million, down 32% from the $129.4 million in June. The Blackstone REIT sales constituted 36% of reported nontraded REIT sales in July, down from the 37% share of nontraded REIT industry sales in June and 43% in May.

Among leading sponsors in the nontraded REIT sector in July following Blackstone’s $87.9 million were:

Carter Validus $28.7 million
Griffin Capital $27.6 million
Cole Capital $22.2 million
Black Creek Group $19.6 million

Black Creek Group was formerly known as Dividend Capital.

Leading sponsors in the BDC sector with July sales were FS Investments ($21.3 million) and Owl Rock Capital Advisors ($5.3 million).

View the Blue Vault Monthly Sales breakdown page here.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.