UNLOCK THE POWER OF THE VAULT

Nuveen, Starwood, Griffin Follow Blackstone Into NAV REIT Market

June 12, 2018

Nuveen, Starwood, Griffin Follow Blackstone Into NAV REIT Market

June 4, 2018 | Evan Simonoff | Financial Advisor 

With Blackstone raising $250 million a month in its recently created NAV REIT, Nuveen, Starwood Capital, Griffin Capital and Oaktree are poised to follow the nation’s largest alternative investment manager with similar vehicles of their own.

It’s not yet clear whether NAV REITs, technically described as non-exchange-traded, perpetual-life REITS that price their net asset value daily and offer monthly redemptions, will replace non-traded REITs as a leading private investment structure for retail investors, but the market is rapidly expanding.

Since Blackstone launched Blackstone Real Estate Income Trust (BREIT) in 2017, the market has grown to more than $2 billion. Blackstone has captured about 67 percent of all assets, according to Kevin Gannon, president of Robert A. Stanger & Co.

Read Full Article Here

Print Friendly, PDF & Email
Go Back
Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.