Third quarter fundraising activity totaled $20.7 billion, the highest volume since fourth quarter 2012 when investment managers raised $24.9 billion. Investors seem to be more active of late, creating a promising outlook for fourth quarter 2013 volume and year-end totals.

During third quarter 2013, investment managers launched 40 new real estate funds, up from the 35 that began marketing in the second quarter and meeting the same number as the 40 that began marketing in first quarter 2013.