Product Description
The environment for closed-end real estate fundraising was extremely strained in fourth quarter 2024. Only 14 funds held a final close in the final quarter of the year, raising a meager $10.2 billion, according to the latest data collected by Institutional Real Estate, Inc.’s IREI.Q database. And, given that the fourth quarter has historically been the most active, the year-end slowdown is particularly stark. By comparison, fourth quarter 2023 saw 27 real estate funds hold a final close with $29.7 billion, while fourth quarter 2022 saw 57 real estate funds close with $54.0 billion in equity.
