Global REIT IPOs decreased dramatically – down 47 percent – from 49 REIT IPOs in 2017 to 26 REIT IPOs in 2018. This decrease reflects a difficult capital-raising market, with pressures from rising interest rates and a softening real estate market in the United States, and signals changes in future REIT fundraising activities.
Download the REIT IPO Market Update from Bloomberg Law® to understand recent changes in the REIT IPO landscape, including:
- Shifts in the way REITs opt to raise capital – leaning more on late-stage private funding vs. public markets;
- Factors contributing to the substantial increase in the value of REIT M&A transactions in 2018 – with the total value of REIT transactions at $81 billion in 2018 compared to $67 billion in 2017;
- Analysis of REIT sector performance, including warehouse/industrial, shopping center, health care, mortgage, and non-listed REITs; and
- Implications of the impact of the new tax law on REITs and a look at the growth of international REITs.