June 2021 Nontraded REIT Capital Raise Increases 13.2% for Reporting Offerings<\/h1>\n

July 13, 2021 | James Sprow | Blue Vault<\/p>\n

Blue Vault received June sales totals for 11 effective nontraded REIT program offerings as of July 10, 2021. Sales reported by those 11 NTRs totaled $430.29 million compared to $380.45 million for the 11 reporting REITs in May, an increase of $50.04 million, or 13.2%. Five additional nontraded REITs have previously suspended their offerings or did not report sales for April (Cottonwood Communities<\/a>, Griffin Capital Essential Asset REIT<\/a>, Moody National REIT II, and Strategic Storage Trust IV<\/a>).<\/p>\n

Black Creek Industrial REIT IV\u2019s offering again led the 11 reporting NTRs with sales of $163.93 million, down 13.4% from $189.24 million in May. FS Credit Real Estate Income Trust raised $74.18 million, up 44.2% from May\u2019s $51.46 million. Nuveen Global Cities REIT raised $70.35 million in June, up 156.9% from $27.38 million in May. Jones Lang LaSalle Income Property Trust raised $56.00 million, up 88.9% from May when it raised $29.64 million. Hines Global Income Trust raised $26.40 million, down 43.7% from $46.92 million in May. All sales reported include distributions reinvested in shares of the REIT (DRIP).<\/p>\n

Table I shows month-to-month comparisons for those REITs reporting sales for June and May 2021.<\/p>\n

Table I<\/strong><\/p>\n

<\/p>\n

Table II shows June Y-O-Y comparisons for 13 nontraded REITs that have reported sales either in June 2020 or June 2021, or both. The most significant Y-O-Y increases were for Nuveen Global Cities REIT (+931%), FS Credit Real Estate Income Trust (+876%), Hines Global Income Trust (486%), Black Creek Industrial REIT IV (+419%) and Cantor Fitzgerald Income Trust (+417%). Other REITs with significant Y-O-Y increases were Black Creek Diversified Property Fund (+272%), Jones Lang LaSalle Income Property Trust (+167%), and RREEF Property Trust (+26%).<\/p>\n

Table II<\/strong><\/p>\n

<\/p>\n

Blue Vault received June sales totals for 11 effective nontraded REIT program offerings as of July 10, 2021. Sales reported by…<\/p>\n","protected":false},"author":2691,"featured_media":141910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3007],"tags":[],"class_list":["post-145053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news"],"acf":[],"yoast_head":"\n