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
| Private or Public | REIT | Category | Term | Current Total Assets | Shareholder's Equity |
|---|---|---|---|---|---|
| Public NT REIT | Blackstone Real Estate Income Trust, Inc. | Diversified | Evergreen | 90,753,857,000 | 17,614,169,000 |
| Public NT REIT | Starwood Real Estate Income Trust, Inc. | Diversified | Evergreen | 18,604,556,000 | 3,326,618,000 |
| Public NT REIT | FS Credit Real Estate Income Trust, Inc. | Real Estate Debt | Evergreen | 11,375,746,000 | 2,769,449,000 |
| Public NT REIT | Ares Industrial Real Estate Income Trust, Inc. | Office & Industrial | Evergreen | 7,803,736,000 | 1,384,788,000 |
| Public NT REIT | CIM REAL ESTATE FINANCE TRUST, INC. | Retail/Net Lease | Finite | 6,446,563,000 | 565,301,000 |
| Public NT REIT | JLL Income Property Trust, Inc. | Diversified | Evergreen | 5,513,440,000 | 1,255,775,000 |
| Public NT REIT | Ares Real Estate Income Trust | Diversified | Evergreen | 7,677,545,000 | 750,187,000 |
| Public NT REIT | Hines Global Income Trust, Inc. | Diversified | Finite | 6,140,556,000 | 2,058,440,000 |
| Public NT REIT | Nuveen Global Cities REIT, Inc. | Diversified | Evergreen | 2,814,392,000 | 1,690,252,000 |
| Public NT REIT | KBS Real Estate Investment Trust III, Inc. | Diversified | Finite | 1,478,602,000 | 126,298,000 |
| Public NT REIT | Cottonwood Communities, Inc. | Multifamily | Evergreen | 2,232,490,000 | 289,168,000 |
| Public NT REIT | Brookfield Real Estate Income Trust, Inc. | Diversified | Evergreen | 2,300,939,000 | 645,686,000 |
| Public NT REIT | Inland Real Estate Income Trust, Inc. | Diversified | Finite | 1,207,302,000 | 318,472,000 |
| Private NT REIT | ExchangeRight Income Fund(d/b/a ExchangeRight Essential Income REIT) | Net Lease | Evergreen | 1,568,233,000 | 323,273,000 |
| Public NT REIT | Apollo Realty Income Solutions, Inc. | Diversified | Evergreen | 2,450,891,000 | 1,522,984,000 |
| Public NT REIT | Cantor Fitzgerald Income Trust, Inc. | Retail/Net Lease | Evergreen | 1,190,531,732 | 558,833,383 |
| Public NT REIT | Invesco Real Estate Income Trust Inc. | Diversified | Evergreen | 1,322,359,000 | 34,055,000 |
| Private NT REIT | Starwood Credit Real Estate Income Trust | Real Estate Debt | Evergreen | 1,541,542,000 | 323,931,000 |
| Private NT REIT | Fortress Net Lease REIT | Net Lease | Evergreen | 3,765,218,000 | 1,710,994,000 |
| Public NT REIT | InPoint Commercial Real Estate Income, Inc. | Real Estate Debt | Evergreen | 470,910,000 | 210,339,000 |
| Public NT REIT | Strategic Storage Trust VI, Inc. | Self Storage | Finite | 513,922,070 | -11,115,727 |
| Public NT REIT | J.P. Morgan Real Estate Income Trust, Inc. | Diversified | Evergreen | 1,689,760,000 | 962,113,000 |
| 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, Inc. | Diversified | Finite | 388,332,000 | 156,795,000 |
| Public NT REIT | Lightstone Value Plus Real Estate Investment Trust V, Inc. | Diversified | Finite | 450,515,000 | 91,870,000 |
| Public NT REIT | RREEF Property Trust, Inc. | Diversified | Evergreen | 333,617,000 | 58,783,000 |
| Public NT REIT | EQT Exeter Real Estate Income Trust, Inc. | Office & Industrial | Evergreen | 549,944,000 | -1,328,000 |
| Public NT REIT | Summit Healthcare REIT, Inc. | Healthcare | Finite | 67,433,000 | 23,671,000 |
| Public NT REIT | LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST II INC | Diversified | Finite | 170,063,000 | 50,463,000 |
| Public NT REIT | Strategic Student & Senior Housing Trust, Inc. | Senior Housing | Finite | 150,972,000 | 5,790,023 |
| Public NT REIT | Lightstone Value Plus REIT IV, Inc. | Diversified | Finite | 139,804,000 | 14,843,000 |
| Public NT REIT | Cohen & Steers Income Opportunities REIT, Inc. | Diversified | Evergreen | 799,327,000 | 268,528,000 |
| Public NT REIT | Lightstone Value Plus Real Estate Investment Trust III, Inc. | Hospitality | Finite | 115,473,000 | 39,235,000 |
| Public NT REIT | Hartman vREIT XXI, Inc. | Diversified | Finite | 111,116,000 | 52,213,000 |
| Public NT REIT | PROCACCIANTI HOTEL REIT, INC. | Hospitality | Finite | 103,538,951 | 24,614,618 |
| Public NT REIT | Redwood Mortgage Investors IX, LLC | Real Estate Debt | Finite | 59,982,000 | 60,338,000 |
| Public NT REIT | IPC Alternative Real Estate Income Trust, Inc. | Diversified | Evergreen | 443,957,000 | 14,731,000 |
| Private NT REIT | Blue Owl Real Estate Net Lease Trust | Real Estate | Evergreen | 12,070,239,000 | 8,145,601,000 |
| Private NT REIT | North Haven Net REIT | Real Estate | Evergreen | 2,900,997,000 | 1,255,742,000 |
| Private NT REIT | AB Commercial Real Estate Private Debt Fund, LLC | Real Estate | Evergreen | 1,497,484,000 | 455,832,000 |
| Private NT REIT | VINEBROOK HOMES TRUST, INC. | Real Estate | Evergreen | 3,007,130,000 | -178,772,000 |
| Private NT REIT | Invesco Commercial Real Estate Finance Trust, | Real Estate | Evergreen | 6,454,946,000 | 1,147,727,000 |
| Private NT REIT | Sculptor Diversified Real Estate Income Trust, | Real Estate | Evergreen | 977,740,000 | 516,837,000 |
| Private NT REIT | New Mountain Net Lease Trust | Real Estate | Evergreen | 1,619,823,000 | 498,420,000 |
| Private NT REIT | FORTRESS CREDIT REALTY INCOME TRUST | Real Estate Debt | Evergreen | 3,854,998,000 | 1,299,776,000 |
| Private NT REIT | Goldman Sachs Real Estate Finance Trust Inc | Real Estate Debt | Evergreen | 2,301,332,000 | 519,758,000 |
| Private NT REIT | Principal Credit Real Estate Income Trust | Diversified | Evergreen | 384,267,000 | 8,249,000 |
| Private NT REIT | Franklin BSP Real Estate Debt, Inc. | Real Estate Debt | Evergreen | 957,678,000 | 240,214,000 |
| Private NT REIT | BlackRock Monticello Debt Real Estate Investment Trust | Real Estate Debt | Evergreen | 915,211,000 | 197,836,000 |
| Public NT REIT | StratCap Digital Infrastructure REIT, Inc. | Data Center | Evergreen | 94,035,420 | 68,669,960 |
| Private NT REIT | Blue Owl Digital Infrastructure Trust | Data Center | Evergreen | 5,401,987,000 | 1,695,872,000 |
| Private NT REIT | HPS Net Lease Income REIT | Net Lease | Evergreen | 1,000 | 1,000 |
| Private NT REIT | FBRED-C Feeder REIT Trust | Diversified | Evergreen | 1,026 | 1,026 |
| Private NT REIT | Nuveen Farmland REIT | Farmland | Evergreen | 1 | 0 |
| Private NT REIT | CNL Strategic Residential Credit, Inc. | Real Estate Debt | Evergreen | 65,080,520 | 27,508,588 |
| Private NT REIT | Rithm Perpetual Life Residential | Multifamily | Evergreen | 616,028,000 | 139,150,000 |
| Private or Public | REIT | Category | Term | Current Total Assets | Shareholder's Equity |