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REITs Blast Through Previous Monthly Fundraising Record

Industry Attracted Over $4.6 Billion in New Capital Last Month, Investment Bank Says
Nontraded real estate investment trusts have been putting newly raised capital to work in multifamily property, such as Blackstone Group’s agreement to buy Bluerock Residential, which owns Alexan CityCentre outside Houston. (Leeah Mayes/CoStar)
Nontraded real estate investment trusts have been putting newly raised capital to work in multifamily property, such as Blackstone Group’s agreement to buy Bluerock Residential, which owns Alexan CityCentre outside Houston. (Leeah Mayes/CoStar)
CoStar News
December 27, 2021 | 5:32 P.M.

Real estate investment trusts, particularly private equity giant Blackstone Group, are benefiting hugely from the runup in property prices in the second half of the year with investors flooding public, nontraded REITs with record amounts of capital for acquisitions and lending.

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