Non-Listed REITs Regain Fundraising Momentum
June 6, 2018 | Beth Mattson-Teig | National Real Estate Investor
The non-listed REIT sector appears to have rounded an important corner. After a slump in fundraising, the sector is once again capturing more capital flowing into the space.
Robert A. Stanger & Co. reported that fundraising for non-listed REITs accelerated during the first quarter with a total volume of $938.1 million, which is up 6.9 percent compared to the $878 million reported in the fourth quarter of 2017 and 18.1 percent compared to the $794 recorded in the third quarter of last year. “I believe there are some tailwinds and we will see incremental improvement throughout 2018 and a significant shift going into 2019,” says Anthony Chereso, president and CEO of the Institute for Portfolio Alternatives (IPA).
