There are 26 actively managed global listed real estate funds that have reached $16.7 billion in real estate assets under management by second quarter 2025, according to Nareit’s global active managers tracker. According to Nareit’s research, REIT funds are overweight in the Americas and underweight in Asia Pacific and the Europe and Middle Eastern region.
REIT managers were overweight to data centers, with data center holdings representing 135 percent of the sector’s index share. Other favored sectors were lodging and resorts, overweight by 134 percent, and self-storage, overweight by 133 percent. Allocations to telecoms and diversified assets were underweight by 60 percent and 65 percent, respectively.
The residential sector has had the highest share of investment throughout the period, but its share is declining, says Nareit. In the beginning of 2020, the sector represented 20 percent of REIT funds’ holdings, but that was down to a 15 percent share by mid-20
