The aggregate assets under management of the top 100 largest investment managers increased by 15.8 percent in 2017, totaling more than $3.2 trillion, according to Global Investment Managers 2018, the annual survey and report produced by Property Funds Research and Institutional Real Estate, Inc. For some perspective, at year-end 2008, the aggregate AUM of the top 100 investment managers totaled $1.2 trillion.

A total of 197 real estate investment managers across the globe responded to the survey, representing an aggregate AUM of nearly $3.5 trillion. The top 10 largest investment managers accounted for $1.154 trillion of AUM, which represents 33.2 percent of the total. This group of managers saw their AUM increase 11.2 percent from year-end 2016. The 2017 report, based on 2016 AUM figures, showed only three investment managers with assets of more than $100 billion. In this year’s rankings, six firms eclipsed the $100 billion mark.

Holding on to the No. 1 spo