Investment managers raised a minimum of $26.2 billion for real estate investment into Asia Pacific nonlisted real estate in 2020, despite the outbreak of COVID-19, according to ANREV/INREV/NCREIF’s Annual Capital Raising Survey 2021. Globally, managers raised US$150.7 billion for investment into nonlisted real estate across the world.
Although the amount for Asia Pacific marks a decrease from the record $32.6 billion raised in 2019, the amount raised in 2020, in fact, reflects the levels raised in the immediate years before the pandemic, when $26.2 billion was raised in 2017 and $26.9 billion, in 2018. This is a positive indicator that real estate has retained its attractiveness despite the COVID-19 pandemic. Globally, nearly a third of managers said they had not raised any new capital in 2020, which is not surprising considering the record level of capital raised in 2019.
Investment managers are more positive about raising capital in 2021 and 2022. More tha
