NEW YORK CITY—Total global real estate assets under management hit a record $3.6 trillion at the end of 2019, according to the recently-published Fund Manager Survey 2020 by real estate associations ANREV, INREV and NCREIF.
The Blackstone Group topped the list with AUM of nearly $283 billion billion, ahead of Brookfield Asset Management with $204 billion and PGIM Real Estate with $181 billion. Nuveen and Hines complete the line-up of top five managers with $134 billion and €133 billion, respectively.
These reflect a significant increase of 15.7% over 2018's tally of $3.1 trillion, despite the fact that a number of managers were unable to respond to the survey because of the COVID-19 global health pandemic. The growth in total AUM was largely attributable to increased investor inflows and capital 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.
