Non-traded real estate investment trusts(NT-REITS) are one of the most popular alternative investment vehicles. NT-REITs can invest in either commercial real estate or mortgages. Investors typically use NT-REITs to help diversify traditional portfolios, adding real estate exposure and a steady income stream. In recent years, several of the world’s largest asset managers have launched real estate products in order to reach a wide range of affluent investors. The table below includes all currently active NT-REITs in the United States. You can sort the table alphabetically, by total assets or by shareholder equity. Additionally, you can also download the data as a spreadsheet or pdf file. To access historical AUM data and detailed competitive intelligence on the non-traded REIT and BDC industry, sign up for an Alternative.Investments Pro Membership
| Type | REIT | Category | Term | Current Total Assets | Shareholder's Equity |
|---|---|---|---|---|---|
| Public NT REIT | Blackstone Real Estate Income Trust, Inc. | Diversified | Perpetual | 125,809,588,000 | 30,155,073,000 |
| Public NT REIT | Starwood Real Estate Income Trust, Inc. | Diversified | Perpetual | 21,970,230,000 | 6,014,992,000 |
| Public NT REIT | FS Credit Real Estate Income Trust, Inc. | Real Estate Debt | Perpetual | 10,668,523,000 | 2,816,863,000 |
| Public NT REIT | Ares Industrial Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 7,366,624,000 | 1,672,469,000 |
| Public NT REIT | CIM REAL ESTATE FINANCE TRUST, INC. | Retail/Net Lease | Finite | 5,909,930,000 | 1,878,221,000 |
| Public NT REIT | JLL Income Property Trust, Inc. | Diversified | Perpetual | 5,182,393,000 | 1,669,403,000 |
| Public NT REIT | Ares Real Estate Income Trust | Diversified | Perpetual | 4,932,979,000 | 720,933,000 |
| Public NT REIT | Hines Global Income Trust, Inc. | Diversified | Finite | 4,932,979,000 | 720,933,000 |
| Public NT REIT | Nuveen Global Cities REIT, Inc. | Diversified | Perpetual | 2,511,756,000 | 1,614,427,000 |
| Public NT REIT | KBS Real Estate Investment Trust III, Inc. | Diversified | Finite | 1,985,824,000 | 276,365,000 |
| Public NT REIT | Healthcare Trust, Inc. | Healthcare | Finite | 2,113,379,000 | 756,745,000 |
| Public NT REIT | Brookfield Real Estate Income Trust, Inc. | Diversified | Perpetual | 1,991,069,000 | 712,013,000 |
| Public NT REIT | Cottonwood Communities, Inc. | Multifamily | Perpetual | 2,018,825,000 | 213,421,000 |
| Public NT REIT | SmartStop Self Storage REIT, Inc. | Self Storage | Finite | 1,877,585,000 | 365,782,000 |
| Public NT REIT | RREEF Property Trust, Inc. | Diversified | Perpetual | 1,557,996,000 | 122,893,000 |
| Public NT REIT | Pacific Oak Strategic Opportunity REIT, Inc. | Diversified | Perpetual | 1,229,234,000 | 139,455,000 |
| Public NT REIT | CNL Healthcare Properties, Inc. | Healthcare | Finite | 1,340,044,000 | 732,260,000 |
| Public NT REIT | Inland Real Estate Income Trust, Inc. | Diversified | Finite | 1,326,908,000 | 396,654,000 |
| Public NT REIT | Cantor Fitzgerald Income Trust, Inc. | Retail/Net Lease | Perpetual | 1,114,072,070 | 509,436,414 |
| Public NT REIT | NorthStar Healthcare Income, Inc. | Healthcare | Finite | 1,027,789,000 | 114,924,000 |
| Public NT REIT | Invesco Real Estate Income Trust Inc. | Diversified | Perpetual | 983,008,000 | 89,972,000 |
| Public NT REIT | InPoint Commercial Real Estate Income, Inc. | Real Estate Debt | Perpetual | 734,192,000 | 249,592,000 |
| Public NT REIT | Apollo Realty Income Solutions, Inc. | Diversified | Perpetual | 938,839,000 | 654,627,000 |
| Public NT REIT | Strategic Storage Trust VI, Inc. | Self Storage | Finite | 550,750,018 | 77,612,438 |
| Public NT REIT | Lightstone Value Plus Real Estate Investment Trust, Inc. | Diversified | Finite | 479,397,000 | 187,138,000 |
| Public NT REIT | Silver Star Properties REIT Inc. | Office & Industrial | Finite | 465,032,000 | 117,976,000 |
| Public NT REIT | Lightstone Value Plus Real Estate Investment Trust V, Inc. | Diversified | Finite | 446,480,000 | 151,048,000 |
| Public NT REIT | Moody National REIT II, Inc. | Hospitality | Finite | 390,263,000 | 80,561,000 |
| Public NT REIT | J.P. Morgan Real Estate Income Trust, Inc. | Diversified | Perpetual | 405,378,000 | 149,887,000 |
| Public NT REIT | BGO Industrial Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 221,339,641 | 749,901 |
| Public NT REIT | LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST II INC | Diversified | Finite | 201,120,000 | 79,233,000 |
| Public NT REIT | Strategic Student & Senior Housing Trust, Inc. | Senior Housing | Finite | 200,965,954 | -6,000,084 |
| Public NT REIT | Summit Healthcare REIT, Inc. | Healthcare | Finite | 204,123,000 | 13,742,000 |
| Public NT REIT | Lightstone Value Plus REIT IV, Inc. | Diversified | Finite | 146,470,585 | 24,967,667 |
| Public NT REIT | Lightstone Value Plus Real Estate Investment Trust III, Inc. | Hospitality | Finite | 125,596,000 | 51,517,000 |
| Public NT REIT | Forum Real Estate Income Fund | Real Estate Debt | Perpetual | 113,470,596 | 94,268,203 |
| Public NT REIT | PROCACCIANTI HOTEL REIT, INC. | Hospitality | Finite | 109,569,841 | 32,213,067 |
| Public NT REIT | Hartman vREIT XXI, Inc. | Diversified | Finite | 111,853,000 | 52,564,000 |
| Public NT REIT | Redwood Mortgage Investors IX, LLC | Real Estate Debt | Finite | 75,805,000 | 66,964,000 |
| Public NT REIT | Strategic Realty Trust, Inc. | Retail/Net Lease | Finite | 27,426,000 | 4,266,000 |
| Public NT REIT | Cohen & Steers Income Opportunities REIT, Inc. | Diversified | Perpetual | 51,522,000 | 39,695,000 |
| Public NT REIT | EQT Exeter Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 70,751,303 | -3,226,500 |
| Public NT REIT | IPC Alternative Real Estate Income Trust, Inc. | Diversified | Perpetual | 2,838,000 | 2,822,000 |
| Type | REIT | Category | Term | Current Total Assets | Shareholder's Equity |