Nontraded REIT capital raise totaled approximately $3.64 billion in the fourth quarter of 2019. How does this capital raise total compare to the amount raised in the third quarter of 2019?
Answer: Capital raise for the industry increased from $3.24 billion in the third quarter of 2019 to $3.64 billion in the fourth quarter of 2019, an increase of approximately 12.3%. This increase marks the ninth consecutive quarterly increase in capital raise since the low point for the industry in the third quarter of 2017 when capital raise totaled $0.83 billion.
