Global real estate investment managers reach AUM of €3.3t

Total global real estate assets under management hit €3.3 trillion ($4.0 trillion) in 2020, according to The Fund Manager Survey 2021 published by ANREV, INREV and NCREIF. The growth in AUM, despite the challenges of the global pandemic, highlights the strength of real estate as an institutional asset class. The latest results build further on the massive gains of the past decade with total AUM more than tripling from €0.9 trillion ($1.1 trillion) in 2009 to €3.3 trillion ($4.0 trillion) at the end of 2020.

A significant proportion of total AUM (37 percent) is attributed to the top 10 global managers, while the largest 39 managers in the upper quartile of respondents by number account for 78 percent of the total. Despite the greatest concentration of global AUM in larger fund managers, the growth in 2020 came from the lower quartiles, although the overall impact is marginal.

This year’s survey saw a rise in the number of participants to 154 — up from