Griffin Institutional Access Real Estate Fund Extends Positive Performance apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Griffin Institutional Access® Real Estate Fund Announces Second Quarter Distribution apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Interval fund structures have been widely adopted by the institutional management sector, including for commercial real estate.
Real estate interval funds are working to regain the momentum they were enjoying pre-pandemic. Steady inflows of new capital around $2.2 billion per year between 2016 and 2018 took a leap forward to $3.5 billion in 2019. Yet, as with much of the rest of the real estate investment universe, 2020 brought a drop in fundraising and negative net inflows due to a surge in redemption requests from investors.
According to data from Robert A. Stanger & Co., redemptions for 2020 totaled more than $2 billion, while fundraising slowed to $1.8 billion, resulting in net inflows of $278 million. Many in the sector are hoping that 2020 will end up being only a painful hiccup in an otherwise strong market for real estate interval funds. Interval funds are not able to gate redemption requests, and most funds allow up to 5 percent of shares to be redeemed per quarte