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.
| REIT | Category | Term | Current Total Assetss | Shareholder's Equity |
|---|---|---|---|---|
| Blackstone Real Estate Income Trust, Inc. | Diversified | Perpetual | 142,687,424,000 | 44,455,264,000 |
| Starwood Real Estate Income Trust, Inc. | Diversified | Perpetual | 26,764,853,000 | 10,091,765,000 |
| FS Credit Real Estate Income Trust, Inc. | Real Estate Debt | Perpetual | 7,762,882,000 | 2,163,769,000 |
| Ares Industrial Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 7,223,475,000 | 2,553,035,000 |
| CIM REAL ESTATE FINANCE TRUST, INC. | Retail/Net Lease | Finite | 7,124,778,000 | 2,511,620,000 |
| JLL Income Property Trust, Inc. | Diversified | Perpetual | 5,154,218,000 | 2,096,097,000 |
| American Healthcare REIT Inc. | Healthcare | Finite | 4,786,698,000 | 1,400,091,000 |
| Ares Real Estate Income Trust | Diversified | Perpetual | 4,174,724,000 | 785,836,000 |
| Peakstone Realty Trust, Inc. | Office & Industrial | Finite | 3,633,376,000 | 1,682,668,000 |
| Hines Global Income Trust, Inc. | Diversified | Finite | 3,586,569,000 | 1,904,386,000 |
| Nuveen Global Cities REIT, Inc. | Diversified | Perpetual | 2,670,861,000 | 1,836,729,000 |
| KBS Real Estate Investment Trust III, Inc. | Diversified | Finite | 2,258,987,000 | 421,668,000 |
| Sila Realty Trust, Inc. | Healthcare | Finite | 2,219,802,000 | 1,555,095,000 |
| Healthcare Trust, Inc. | Healthcare | Finite | 2,180,349,000 | 992,639,000 |
| Brookfield Real Estate Income Trust, Inc. | Diversified | Perpetual | 2,150,473,000 | 963,214,000 |
| Cottonwood Communities, Inc. | Multifamily | Perpetual | 1,955,637,000 | 318,789,000 |
| SmartStop Self Storage REIT, Inc. | Self Storage | Finite | 1,947,217,387 | 467,359,462 |
| RREEF Property Trust, Inc. | Diversified | Perpetual | 1,625,489,000 | 178,551,000 |
| KKR Real Estate Select Trust Inc. | Real Estate | Perpetual | 1,613,049,276 | 1,603,828,922 |
| Pacific Oak Strategic Opportunity REIT, Inc. | Diversified | Perpetual | 1,564,367,000 | 415,576,000 |
| CNL Healthcare Properties, Inc. | Healthcare | Finite | 1,437,303,000 | 789,751,000 |
| Inland Real Estate Income Trust, Inc. | Diversified | Finite | 1,399,238,000 | 451,058,000 |
| Fundrise Real Estate Interval Fund, LLC | Diversified | Perpetual | 1,328,486,000 | 1,319,189,000 |
| NorthStar Healthcare Income, Inc. | Healthcare | Finite | 1,237,835,000 | 299,024,000 |
| Cantor Fitzgerald Income Trust, Inc. | Retail/Net Lease | Perpetual | 1,130,792,799 | 587,439,425 |
| Invesco Real Estate Income Trust Inc. | Diversified | Perpetual | 1,039,158,000 | 100,866,000 |
| InPoint Commercial Real Estate Income, Inc. | Real Estate Debt | Perpetual | 907,315,000 | 290,571,000 |
| Fundrise Income Real Estate Fund, LLC | Diversified | Perpetual | 550,334,000 | 535,285,000 |
| Silver Star Properties XX, Inc. | Office & Industrial | Finite | 500,837,000 | 117,965,000 |
| Lightstone Value Plus Real Estate Investment Trust, Inc. | Diversified | Finite | 491,281,000 | 231,849,000 |
| Lightstone Value Plus Real Estate Investment Trust V, Inc. | Diversified | Finite | 437,738,000 | 138,086,000 |
| Moody National REIT II, Inc. | Hospitality | Finite | 429,746,000 | 138,021,000 |
| Strategic Storage Trust VI, Inc. | Self Storage | Finite | 279,744,919 | 110,253,789 |
| LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST II INC | Diversified | Finite | 246,953,000 | 109,532,000 |
| Summit Healthcare REIT, Inc. | Healthcare | Finite | 217,945,000 | 26,899,000 |
| MacKenzie Realty Capital, Inc. | Diversified | Finite | 210,578,815 | 99,417,287 |
| Strategic Student & Senior Housing Trust, Inc. | Senior Housing | Finite | 210,454,098 | 10,949,461 |
| KBS Real Estate Investment Trust II, Inc. | Diversified | Finite | 182,994,000 | 171,296,000 |
| Lightstone Value Plus Real Estate Investment Trust III, Inc. | Hospitality | Finite | 144,993,000 | 80,756,000 |
| Apollo Realty Income Solutions, Inc. | Diversified | Perpetual | 136,589,000 | 30,570,000 |
| Lightstone Value Plus REIT IV, Inc. | Diversified | Finite | 127,279,995 | 55,381,745 |
| KBS Growth & Income REIT, Inc. | Diversified | Finite | 114,910,000 | 1,086,000 |
| PROCACCIANTI HOTEL REIT, INC. | Hospitality | Finite | 113,846,620 | 37,413,825 |
| Hartman vREIT XXI, Inc. | Diversified | Finite | 111,853,000 | 52,564,000 |
| Redwood Mortgage Investors IX, LLC | Real Estate Debt | Finite | 80,114,000 | 73,200,000 |
| Forum Real Estate Income Fund | Real Estate Debt | Perpetual | 71,684,488 | 56,522,282 |
| PGIM Private Real Estate Fund, Inc. | Diversified | Perpetual | 50,246,771 | 49,984,225 |
| CrowdStreet REIT I | Diversified | Perpetual | 40,873,746 | 39,965,141 |
| Strategic Realty Trust, Inc. | Retail/Net Lease | Finite | 35,748,000 | 16,902,000 |
| J.P. Morgan Real Estate Income Trust, Inc. | Diversified | Perpetual | 31,407,679 | 2,819,093 |
| Rodin Income Trust, Inc. | Real Estate Debt | Finite | 18,853,009 | 18,336,048 |
| Stone Ridge Residential Real Estate Income Fund I, Inc. | Single Family Residential | Perpetual | 0 | 0 |
| REIT | Category | Term | Current Total Assetss | Shareholder's Equity |