It was only a short 10 years ago that institutional real estate investors and investment managers were sorting through the wreckage caused by the global financial crisis. Fast forward to today, and the global institutional real estate industry has reached new heights, riding a wave of unprecedented economic expansion in some regions. To provide some perspective to the industry’s quick and impressive turnaround, consider that the assets under management of the top 100 real estate investment managers totaled approximately $1.2 trillion in 2008. Based on 2018 data, the top 100 firms now account for AUM of nearly $3.4 trillion, according to Global Investment Managers 2019, the annual survey and report produced by Property Funds Research and Institutional Real Estate, Inc. What’s more astounding, the top 10 investment managers today have AUM equal to the AUM total of the top 100 firms in 2008.
A few more numbers to ponder: the largest investment manager in 2008 — IN
