Brookfield named largest real estate fund manager and core funds dominate
Canadian firm Brookfield Asset Management was named largest global fund manager with the highest total real estate assets under management, totaling more than $109 billion in 2012, replacing Los Angeles–based CBRE Global Investors, according to ANREV, the Asian American Association for Investors in Non-listed Real Estate, and INREV, the European Association for Investors in Non-listed Real Estate.
The survey consists of 147 fund managers with an aggregate of $1.9 trillion in real estate assets under management. The survey measures data through Dec. 31, 2012. The respondents manage a total of 2,289 non-listed direct real estate vehicles, including funds, commingled funds, separate accounts, joint ventures and club deals.
The top 10 fund managers fo