California + Retail | August 27, 2018

Blackstone Continues to Pace Non-Traded REIT Sector

Blackstone Group continued to increase its dominant share of the non-traded REIT market, having raised $3.1 billion of equity capital since its launch in 2016. That amounts to nearly one-third of all equity raised by the entire industry.

The giant New York-based investment manager raised $772 million of equity during the second quarter of 2018, according to Summit Investment Research. That accounts for 66% of the $1.17 billion raised by all active non-traded REITs during Q2. The next most active company was Griffin-American Healthcare REIT IV Inc., which raised $66 million, while Cole Real Estate Income Strategy was next, with $57 million raised.

Q2’s equity raised by the non-traded REIT sector was a 28% increase from the $914 million raised during Q1 2018, and is more than the $1.02 billion raised during Q2 2017.

JLL Income Property Trust has raised $1.5 billion since its launch in 2012, and Carter Validus Mission Critical REIT II has raised $1.3 billion since it began in 2014.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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