After a slight drop last year, fundraising activity is back in high gear this year. During the third quarter 2018, 32 private equity real estate funds recorded final closings, raising a total of $36.2 billion, according to Institutional Real Estate, Inc.’s FundTracker database.

Investment managers continue to roll out a variety of new offerings during the third quarter 2018. A total of 35 commingled funds were launched, seeking to raise approximately $22.2 billion. The number of new funds represents a middle of the road total for 2018, and a total on the lower side compared to third quarter 2017’s 51 new funds and third quarter 2016’s 40 new funds.