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Upon Further Review, 1Q15 NTR Fundraising Remains Steady

Editor’s note: The DI Wire reported yesterday that Blue Vault Partners’ recently issued 1Q15 Nontraded REIT Industry Review asserted that the sale of non-traded REIT shares totaled $2.34 billion in the first quarter of 2015, and that fundraising among non-traded REITs had contracted significantly compared to 4Q14. Thoughtful readers pointed out that this figure was significantly less than the $3.3 billion total reported by Robert A. Stanger & Co. and SK Research. When the discrepancy was brought to Blue Vault’s attention, they immediately took steps to identify and correct the mistake. According to a spokesperson for the company, the newly corrected figure is $3.28 billion, indicating that fundraising among non-traded REITs has remained relatively unchanged quarter-over-quarter. In addition, they pointed out, for the first time since the second quarter of 2012, AR Capital was not the leading capital raise sponsor, but came in second with Griffin Capital taking the top spot. Blue Vault’s corrected report will be re-released to their subscribers shortly. The DI Wire regrets the error.