UNLOCK THE POWER OF THE VAULT

NTR Sales Flat in September While BDC Sales Fall 19%

October 13, 2017

NTR Sales Flat in September While BDC Sales Fall 19%

October 13, 2017 | James Sprow | Blue Vault

Sales by nontraded REITs were relatively flat in September compared to August. September sales of $282.2 million reported to Blue Vault by nontraded REIT sponsors were almost unchanged from $288.9 million in August. September sales were 21% below the trailing six-month average for nontraded REIT sales of $357.6 million.  This year the average monthly sales for NTRs in June through September was $292.2 million compared to the average sales for March through May of $419.8 million.

BDC sales reported in September were $48.7 million, down from $57.4 million in August, and below the $65.4 million trailing six-month average for BDCs.

“Capital raise among nontraded REITs and BDCs remain cold.  I see no change of course occurring until 2018.  Then, we’ll see.  Other alts continue to gain steam,” says Blue Vault’s Stacy Chitty.  

The five leading sponsors in REIT capital raise in September were:

·      Blackstone                  $136.3 million
·      Carter Validus             $46.7 million
·      Griffin Capital             $25.0 million
·      Cole Capital                 $22.0 million
·      Hines Securities          $10.8 million

Leading sponsors in the BDC sector for September sales were FS Investments ($19.4 million) and Owl Rock Capital Advisors ($9.0 million). Hines Securities and CION Investments both booked $5.3 million in BDC sales for the month.

Blue Vault is the leading alternative investment research firm in the independent Broker Dealer industry, covering nontraded REITs, BDCs, Interval Funds, Closed-End Funds, and Private Placement Offerings.

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.