The non-traded REIT sector has experienced a flurry of liquidity events of late and that activity shows no signs of slowing. There seems to be a “perfect storm” going on in the non-traded REIT industry that is driving the trend, says Kevin Hogan, CEO of the Investment Program Association (IPA), an investor advocacy group. Many non-traded REITs are maturing at a time when property fundamentals are improving and there is an abundance of capital in the market.