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Q1/2023 Funds in the market
Institutional real estate investors have a wide variety of funds to peruse. The 334 funds listed on the following pages are a product of Institutional Real Estate, Inc.’s proprietary database, IREI.Q (the list of funds is a sampling of offerings currently in the market). They represent a multitude of geographic regions, property types and strategies. Closed-end funds account for a smaller portion of the funds, with 162 funds seeking to raise an aggregate of approximately $183 billion. In addition, the list includes 172 open-end funds for investors to choose from.
Looking at the region-specific focus of the closed-end funds in the market, North America–focused funds account for 50.6 percent ($92.6 billion) of the total dollar volume. Multiregional and global-focused funds rank second with 19.2 percent ($35.2 billion), followed by funds with a Europe focus, with 16.8 percent ($30.8 billion). Funds with an Asia Pacific investment focus represent the smallest share, with 9.5