Closed transactions in the global real estate secondaries market totaled $8.2 billion in 2015, according to Landmark Partners. This is the seventh consecutive year of record transaction volume.

This is a nearly 71 percent increase over the $4.8 billion aggregate global volume reported by Landmark for 2014. The growth was driven mainly by portfolio sales from U.S.-based public pension funds, which made up about 63 percent of the transaction volume; overall, U.S.-based sellers represented 83 percent of the total.

U.S.-focused funds made up 49 percent of the assets sold in 2015. European and Asian funds accounted for 16 percent and 13 percent, respectively. Globally focused opportunistic funds increased from 2 percent in 2014 to 20 percent in 2015.