NEW YORK CITY—Totalglobal real estate assets under management hit a record $3.6trillion at the end of 2019, according to the recently-publishedFund Manager Survey 2020 by real estate associations ANREV, INREVand NCREIF.
The Blackstone Group topped thelist with AUM of nearly $283 billion billion, ahead of BrookfieldAsset Management with $204 billion and PGIM Real Estate with $181billion. Nuveen and Hines complete the line-up of top five managerswith $134 billion and €133 billion,respectively.
These reflect a significantincrease of 15.7% over 2018's tally of $3.1 trillion, despite thefact that a number of managers were unable to respond to the surveybecause of the COVID-19 global health pandemic. The growth in totalAUM was largely attributable to increased investor inflows andcapital appreciation.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
