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
REIT | Category | Term | Current Total Assets | Shareholder's Equity |
---|---|---|---|---|
Blackstone Real Estate Income Trust, Inc. | Diversified | Perpetual | 134,735,763,000 | 40,592,505,000 |
Starwood Real Estate Income Trust, Inc. | Diversified | Perpetual | 24,216,195,000 | 7,882,311,000 |
FS Credit Real Estate Income Trust, Inc. | Real Estate Debt | Perpetual | 8,784,408,000 | 2,765,134,000 |
Ares Industrial Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 7,329,504,000 | 1,794,922,000 |
CIM REAL ESTATE FINANCE TRUST, INC. | Retail/Net Lease | Finite | 6,688,042,000 | 2,374,424,000 |
JLL Income Property Trust, Inc. | Diversified | Perpetual | 5,224,087,000 | 1,850,327,000 |
Ares Real Estate Income Trust | Diversified | Perpetual | 4,639,406,000 | 795,297,000 |
Hines Global Income Trust, Inc. | Diversified | Finite | 3,715,485,000 | 1,982,966,000 |
Nuveen Global Cities REIT, Inc. | Diversified | Perpetual | 2,623,430,000 | 1,730,180,000 |
KBS Real Estate Investment Trust III, Inc. | Diversified | Finite | 2,147,473,000 | 253,867,000 |
Healthcare Trust, Inc. | Healthcare | Finite | 2,145,159,000 | 894,154,000 |
Sila Realty Trust, Inc. | Healthcare | Finite | 2,099,579,000 | 1,494,435,000 |
Brookfield Real Estate Income Trust, Inc. | Diversified | Perpetual | 2,067,512,000 | 885,513,000 |
Cottonwood Communities, Inc. | Multifamily | Perpetual | 2,056,877,000 | 240,425,000 |
SmartStop Self Storage REIT, Inc. | Self Storage | Finite | 1,891,250,476 | 421,546,932 |
RREEF Property Trust, Inc. | Diversified | Perpetual | 1,576,756,000 | 139,183,000 |
Pacific Oak Strategic Opportunity REIT, Inc. | Diversified | Perpetual | 1,406,391,000 | 269,012,000 |
CNL Healthcare Properties, Inc. | Healthcare | Finite | 1,365,538,000 | 743,563,000 |
Inland Real Estate Income Trust, Inc. | Diversified | Finite | 1,344,040,000 | 408,355,000 |
KKR Real Estate Select Trust Inc. | Real Estate | Perpetual | 1,340,765,462 | 1,333,552,150 |
Fundrise Real Estate Interval Fund, LLC | Diversified | Perpetual | 1,201,162,000 | 1,197,440,000 |
Cantor Fitzgerald Income Trust, Inc. | Retail/Net Lease | Perpetual | 1,150,425,346 | 579,834,839 |
NorthStar Healthcare Income, Inc. | Healthcare | Finite | 1,135,916,000 | 206,793,000 |
Invesco Real Estate Income Trust Inc. | Diversified | Perpetual | 1,029,913,000 | 106,227,000 |
InPoint Commercial Real Estate Income, Inc. | Real Estate Debt | Perpetual | 809,464,000 | 253,950,000 |
Fundrise Income Real Estate Fund, LLC | Diversified | Perpetual | 622,134,000 | 605,986,000 |
Apollo Realty Income Solutions, Inc. | Diversified | Perpetual | 609,671,000 | 441,333,000 |
Strategic Storage Trust VI, Inc. | Self Storage | Finite | 554,839,964 | 98,038,834 |
Lightstone Value Plus Real Estate Investment Trust, Inc. | Diversified | Finite | 473,603,000 | 196,227,000 |
Silver Star Properties REIT Inc. | Office & Industrial | Finite | 465,032,000 | 117,976,000 |
Lightstone Value Plus Real Estate Investment Trust V, Inc. | Diversified | Finite | 424,348,000 | 122,729,000 |
Moody National REIT II, Inc. | Hospitality | Finite | 420,270,000 | 119,013,000 |
J.P. Morgan Real Estate Income Trust, Inc. | Diversified | Perpetual | 317,108,000 | 84,641,000 |
BGO Industrial Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 226,691,134 | 292,972 |
LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST II INC | Diversified | Finite | 212,943,000 | 102,596,000 |
MacKenzie Realty Capital, Inc. | Diversified | Finite | 204,824,016 | 90,468,295 |
Strategic Student & Senior Housing Trust, Inc. | Senior Housing | Finite | 203,966,087 | 2,568,385 |
Summit Healthcare REIT, Inc. | Healthcare | Finite | 194,442,000 | 2,984,000 |
Lightstone Value Plus REIT IV, Inc. | Diversified | Finite | 146,573,144 | 33,167,987 |
Lightstone Value Plus Real Estate Investment Trust III, Inc. | Hospitality | Finite | 133,056,000 | 69,846,000 |
Forum Real Estate Income Fund | Real Estate Debt | Perpetual | 113,470,596 | 94,268,203 |
PROCACCIANTI HOTEL REIT, INC. | Hospitality | Finite | 112,812,993 | 36,469,240 |
Hartman vREIT XXI, Inc. | Diversified | Finite | 111,853,000 | 52,564,000 |
PGIM Private Real Estate Fund, Inc. | Diversified | Perpetual | 85,415,455 | 85,067,417 |
Redwood Mortgage Investors IX, LLC | Real Estate Debt | Finite | 72,026,000 | 65,934,000 |
KBS Growth & Income REIT, Inc. | Diversified | Finite | 59,981,000 | 990,000 |
CrowdStreet REIT I | Diversified | Perpetual | 38,446,263 | 37,292,287 |
Strategic Realty Trust, Inc. | Retail/Net Lease | Finite | 35,748,000 | 16,902,000 |
Cohen & Steers Income Opportunities REIT, Inc. | Diversified | Perpetual | 452,424 | 200,000 |
EQT Exeter Real Estate Income Trust, Inc. | Office & Industrial | Perpetual | 416,049 | 416,049 |
IPC Alternative Real Estate Income Trust, Inc. | Diversified | Perpetual | 198,000 | 197,000 |
REIT | Category | Term | Current Total Assets | Shareholder's Equity |