Ares industrial REIT raised $408 million of $692 million collected by Ares, Invesco REITs
The three nontraded vehicles paid every third-quarter repurchase request in full, while Cantor Fitzgerald Income Trust prorated for a tenth month.
At a glance
Ares Industrial Real Estate Income Trust raised $408 million of the $692 million that three Ares and Invesco nontraded REITs collected in the third quarter, our tracking shows.
The three vehicles paid every third-quarter repurchase request in full, redeeming about $117 million, according to our records.
Cantor Fitzgerald Income Trust prorated repurchase requests for a tenth consecutive month, our tracking shows.
Ares Industrial Real Estate Income Trust raised $408 million of the $692 million that three Ares and Invesco nontraded REITs collected in the third quarter, our tracking shows. The industrial vehicle took roughly 59% of the combined raise, leaving $284 million for Ares Real Estate Income Trust and Invesco Real Estate Income Trust Inc.
The three vehicles paid every third-quarter repurchase request in full, redeeming about $117 million, according to our records. After those redemptions, the group still added roughly $575 million net, meaning repurchase requests equaled about 17% of the quarter's gross inflows.
Cantor Fitzgerald Income Trust prorated repurchase requests for a tenth consecutive month, our tracking shows.
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