Investors are pouring cash into non-listed REITs, which continue to aggressively stockpile assets as they build portfolios. “There were more private REIT deals last year than in 2007,” says Dan Fasulo, managing director for Real Capital Analytics (RCA), based in New York City. Non-listed REITs accounted for $21 billion in property sales in 2013—that’s an 85 percent increase in volume from 2012, making them one of the fastest growing segments of the market, according ...
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