$288b of capital raised for global non-listed real estate investment in 2021

Capital raising activity reached a record high in 2021, with at least $288 billion raised globally for non-listed real estate investment, according to ANREV, INREV and NCREIF in their Capital Raising Survey 2022.

The survey reveals a 91-percent increase on the $151 billion capital raised in 2020, demonstrating an exceptional recovery following the height of the COVID-19 pandemic. And the signs are that this upward trajectory will continue, with 76 percent of respondents expecting an increase in capital raising activity over the next two years.

Capital for regional strategies reaches record highs

The capital raised for each of the regional strategies saw a significant uptick in 2021, reaching a record level for North America with a total of $102 billion – nearly tripling the $36 billion of 2020 and almost double the $57 billion raised in 2019. Similarly, a new record was reached for Asia Pacific, where total capital raised for non-list