Non-Traded REITs Are On An Apartment Buying Tear

Non-traded REITS bought more multifamily assets than ever in 2021, at a time when record amounts of capital have flooded the space—and the momentum is showing no signs of slowing.

A new analysis by Real Capital Analytics shows that private investors acquired a record $213.9 billion in apartments last year, accounting for 10% of those private capital acquisitions.  That share was bolstered by two big portfolio deals in the fourth quarter, including the acquisition of a $5.1 billion affordable housing portfolio by BREIT, Blackstone’s non-listed REIT from AIG. Starwood’s SREIT also nabbed a $3.5 billion portfolio from Strata Equity Group in November, RCA reported.