In 2Q18, non-listed REITs raised $1.1 billion, which is the third straight quarter of equity raise increases. Blackstone Real Estate dominated the market with $772 million raised in 2Q18. All other non-listed REITS combined raised only $377 million.
Perpetual life REITs posted 0.76% returns (institutional shares) in April 2018 and 7.63% returns (institutional shares) for April 2018 TTM. Perpetual life REITs continue their steady return performance, while listed REITs have faced negative returns over the last year.
Non-listed REITS raised only $919 million in 1Q18, which is below their low fundraising pace of 2017. Perpetual life REITs represented 75% of the capital raise, while Blackstone Real Estate Income Trust had 66% market share in 1Q18.