• Royal Oak flagged an emerging shift in RIA alternatives allocations toward income-oriented real estate, reversing a three-year tilt to private credit.
• Nontraded BDC stress highlighted: rising defaults, nonaccrual rates above 2023 selloff peaks, returns compressing from 10%+ to about 7%.
• Redemption pressure cited at large nontraded BDCs, with requests exceeding quarterly repurchase caps, echoing prior real estate gating dynamics.
• Rotation described as selective, favoring modest leverage, mission-critical cash flows, structures that avoid promising liquidity mismatched to assets.
• Royal Oak positioned its single-tenant, small-to-mid industrial strategy as a beneficiary, citing a $1 billion platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Royal Oak Realty Trust (Operating Company) LLC published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.