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:
Black Creek Group was formerly known as Dividend Capital.
View the Blue Vault Monthly Sales breakdown page here.Go Back
I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.