Preqin headquarters in London Headquartered in London, Preqin says Q3′s totals represent some of the lowest in recent years.

LONDON—Mirroring the recent history of the private equity industry as a whole, the closed-end private real estate industry saw its numbers decline in the third quarter, Preqin said Tuesday. Both the number of vehicles that reached a close during Q3 (38) and the total capital raise (US$20 billion) represented the lowest tallies since at least Q1 2013, although Preqin expects the figures to rise by about 10% as more information becomes available. What is increasing is the average size of the funds.