Global real estate AUM reaches record €4.1t

Total global real estate assets under management (AUM) hit a new record high of €4.1 trillion ($4.3 billion) in 2021, surpassing the figure achieved at the end of 2020 when AUM reached €3.3 trillion ($3.5 billion).

The Fund Manager Survey 2022, published by ANREV, INREV and NCREIF, highlights the continued strong appetite for real estate as an institutional asset class, with AUM more than doubling in size since 2015. There was growth across the board with the average AUM for each manager reaching €28.6 billion ($30 billion) — up from €21.5 billion ($22.62 billion) the previous year.

Seemingly, “big is beautiful” with 79 percent of this year’s total AUM concentrated within the top quartile by number (36 out of a full sample of 143 managers). Likewise, the top 10 global managers account for 41 percent of total AUM (up from 37 percent in 2020), with an average AUM of €169 billion ($178 billion). The combined AUM of these managers stands at €1.7 trillio