CHARLOTTESVILLE, VA-Vanguard Group and BlackRock Fund Advisors topped locally based SNL's annual list of the Top 25 REIT institutional investors. Vanguard, with a total investment market value of $56.1 billion, took the top slot, and BlackRock, at almost $33 billion, came in at number two.
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According to SNL research, the average year-over-year market-value increase for the REIT portfolios held by the Top 25 was just under 25%. For the complete report, click here http://www.snl.com/InteractiveX/Article.aspx?cdid=A-17445308-13610
The year-over-year change in market value for Vanguard was 45.4%, and for BlackRock 19.4. Rounding out the Top 5 were Cohen & Steers Capital Management (with a $23.8 billion investment value and a 12.9% change in value); State Street Global Advisors ($22.9 billion and 35.8%); and Fidelity Management & Research ($21.1 billion and 32.8%).
There were three investors that ascended into the Top 25 this year. Norges Bank Investment Management ($4.4 billion and 51.8%) moved into 24th position from 29. JPMorgan Asset Management ($4.9 billion and 68%) moved from 28 to 21. Capital World Investors ($5.6 billion and 79.3%), previously squeezed out last year in the 26th position, is in 19th place.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
