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Sign in Sign up for a FREE subscriptionINREV: Leading five managers exceed €100b each, while others rise up the rankings
Total global real estate assets under management (AUM) hit a record €3.2 trillion ($3.6 trillion) at the end of 2019, according to the Fund Manager Survey 2020, published today by ANREV, INREV and NCREIF.
This year’s results reflect a sizeable rise of 15.7 percent on 2018’s tally of €2.8 trillion ($3.1 trillion), despite the fact that a number of managers were unable to respond to the survey because of the COVID-19 global health pandemic. The growth in total AUM was largely attributable to increased investor inflows and capital appreciation.
List toppers
The Blackstone Group tops the list with AUM of nearly €250 billion ($281 billion), ahead of Brookfield Asset Management with €180 billion ($202 billion) and PGIM Real Estate with €159.8 billion ($179.4 billion). Nuveen and Hines complete the line-up of top five managers with €118.3 billion ($132.8 billion) and €117.7 billion ($132.1 billion), respectively.
Collectively,
