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Alternative Market Briefing

Global real estate AUM hit a record $3.6tn in 2019

Thursday, June 04, 2020

Laxman Pai, Opalesque Asia:

Total global real estate assets under management (AUM) hit a record €3.2 trillion ($3.6tn) at the end of 2019, representing an increase of 15.7% from the €2.8 trillion recorded at the end of 2018.

According to the Fund Manager Survey 2020, published by ANREV, INREV, and NCREIF, this year's results reflect a sizeable rise of 15.7 percent on 2018's tally of EUR2.8 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.

The Blackstone Group tops the list with AUM of nearly €250 billion, ahead of Brookfield Asset Management with €180 billion and PGIM Real Estate with €159.8 billion. Nuveen and Hines complete the line-up of top five mangers with €118.3 billion and €117.7 billion, respectively.

Collectively, this year's top 10 asset managers account for around 40% of the overall total, each achieving at least €85 billion of AUM.

Despite the gap in average AUM separating the top 10 managers from the rest, the overall growth rate for medium and smaller managers outstripped that for larger managers at 18.6% and 11.5%, respectively.

For managers in certain sectors, growth has also been helped by continuing changes in consumer behavior. The upsurge in online shopping, for example, has positively impacted the logistics sector helping Prologis to i......................

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