One Grand Central place Preqin’s US headquarters at One Grand Central Place in Midtown Manhattan. (Photo courtesy of Goldman Copeland)

NEW YORK CITY—Preqin said Thursday that the closed-end real estate fundraising market recorded another strong year in 2016, as 214 funds closed globally raising an aggregate $104 billion. The tally represents the fourth consecutive year in which fundraising for the asset class has exceeded $100 billion globally.