Early numbers are in for real estate investment funds closing in first quarter 2016, and they look an awful lot like the numbers posted for first quarter 2015, according to preliminary results from Institutional Real Estate, Inc.’s FundTracker database. Nearly identical amounts of capital were raised ($16.46 billion in 2016 and $16.41 billion in 2015) by a similar number of funds (26 closed in first quarter 2016 and 28 closed in first quarter 2015).

Funds closed a little faster this year — 20.2 months on average in early 2015 and 17.2 months in early 2016. And the average size of funds continues to increase; the trimmed average size of the funds — average of funds after dropping those falling within 5 percent of the top and bottom of the distribution — shows those closing in early 2016 averaged $633 million in size, while those closing in the first three months of