As good as it gets: Global real estate industry, investment managers record impressive growth

Despite the continuing adverse effects of the coronavirus pandemic on societies and economies around the world, the institutional real estate asset class and industry continued to record impressive performance and growth in 2021. In fact, the global real estate industry grew by a phenomenal 22 percent year-over-year, according to the findings of Global Investment Managers 2022, the results of the annual survey sponsored by Property Funds Research and Institutional Real Estate, Inc. The survey received responses from 228 investment managers that represent total global real estate assets under management of $5.68 trillion (based on 2021 AUM figures), a substantial increase from last year’s survey total of $4.65 trillion (based on 212 survey respondents).

Investors have flocked to the asset class, attracted by its stability and performance in the face of socioeconomic uncertainty and financial market volatility. In 2021, investment managers raised a record $156 billio