REITs Tally $51B in YTD Fundraising

CHARLOTTESVILLE, VA—The pace of REIT fundraising continues to lag 2013 figures, according to data from SNL Financial. The locally based firm reports that equity REITs domestically had raised $51.09 billion in capital year-to-date as of Oct. 17, trailing the $55.53 billion they garnered during the same period the year prior. That’s a similar story to what GlobeSt.com reported last month, when REITs’ YTD tally of $44.86 billion was nearly $1.6 billion smaller than a year earlier.

Retail REITs were leading the way with fundraising when GlobeSt.com reported SNL data five weeks ago, and their prominent position hasn’t changed since then. YTD, retail investment trusts had raised $11.01 billion, followed by specialty REITs and health care REITs with $9.93 billion and $8.98 billion raised, respectively.