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Private Placement Sales Up 207% in May, Interval Funds and Nontraded Closed-End Funds Rebound

June 23, 2017

Private Placement Sales Up 207% in May, Interval Funds and Nontraded Closed-End Funds Rebound

June 23, 2017 | by James Sprow | Blue Vault

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Private placement sales by program sponsors reporting to Blue Vault for May, 2017, totaled $165.85 million. This far exceeded those sales for April 2017 of $54.07 million and March 2017 of $114.79 million. In the reports, Inland Real Estate Investment Corporation through its private placement arm Inland Private Capital Corporation had $84.35 million or 55% of reported private placements for the month. The next largest sales totals were Passco Companies, LLC with $23.05 million and Cantor Fitzgerald Capital with $16.63 million. Inland’s private placements were up 56% from the April total of $54.07 million.

Interval funds and nontraded closed-end funds reported sales of $152.76 million in May compared to $144.90 million in April and $192.22 million in March. Leading those funds reporting in May were Griffin Capital’s Institutional Access Real Estate Fund with $74.62 million, Bluerock Capital Markets’ Total Income+ Real Estate Fund with $27.70 million, and Resource Real Estate’s Resource Credit Income Fund and Resource Diversified Income Fund together totaling $18.21 million. Griffin Capital’s fund sales were up 15% from $64.96 million in April.

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NTR Sales Down 8.5% in May While BDC Sales Increase 14%

 

 

 

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

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