Fundraising shot back up in June for nontraded REITs after a moribund start to 2023, but the money raised was still far less than investors pulled out of the alternative investment vehicles, according to a new report.
Nontraded REITs raised $597M in June this year, up 39% from a low point of $428M in May, according to Robert A. Stanger & Co.
June’s figures bring year-to-date fundraising for nontraded REITs to $7.8B, placing the industry a long way from the $33B it raised during 2022. Redemption requests continue to follow the sector’s fundraising efforts, as investors seek opportunities to draw on returns and…