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DST Fundraising Stays Steady in September

DST Fundraising Stays Steady in September. Adviser, broker, broker-dealer, financial services, investment adviser, RIA, SEC, alternative investment, Ares Black Creek Group, Inland Real Estate Investment Corp., LaSalle Investment Management, ExchangeRight, Capital Square Realty Advisors LLC, investment, real estate investment trust, REIT, Robert A. Stanger & Co., securities, Stanger
DST Fundraising Stays Steady in September. Adviser, broker, broker-dealer, financial services, investment adviser, RIA, SEC, alternative investment, Ares Black Creek Group, Inland Real Estate Investment Corp., LaSalle Investment Management, ExchangeRight, Capital Square Realty Advisors LLC, investment, real estate investment trust, REIT, Robert A. Stanger & Co., securities, Stanger

Fundraising for Delaware statutory trust offerings, typically used to facilitate securitized 1031 exchanges, totaled just over $3.8 billion for the year through September 2023, according to data provided by Robert A. Stanger & Co. and Mountain Dell Consulting. Based on the average monthly fundraising through the first three quarters of 2023, DSTs are on pace to raise approximately $5.1 billion for the full year.

The industry is experiencing a significant slowdown compared to recent years, when DST sponsors raised a then record $7.2 billion in 2021, which was smashed just a year later when DSTs attracted approximately $9.2 billion in 2022.

Top sponsors through the end of September include:

Ares led sales with a total equity raise of $66.2 million in September and a year-to-date tally of $674.3 million.

Inland Private raised $40.3 million for the month, with a year-to-date total of $419.6 million.

LaSalle Investment Management, via JLL Income Property Trust, brought in $21.2 million in September, bringing their annual raise to $315.8 million.

ExchangeRight totaled $24.2 in September and $279.6 million year-to-date.

Capital Square’s September sales equaled $8.1 million for an annual total of $206.1 million through the closer of the third quarter.

As The DI Wire previously reported, Stanger announced that year-to-date 2023 alternative investment fundraising totaled $50.9 billion through September.

Robert A. Stanger & Co. Inc., founded in 1978, is an investment banking firm specializing in providing investment banking, financial advisory, fairness opinion and asset and securities valuation services to partnerships, real estate investment trusts and real estate advisory and management companies in support of strategic planning and execution, capital formation and financings, mergers, acquisitions, reorganizations and consolidations.

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