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Laxman Pai, Opalesque Asia: Total assets under management (AUM) of global real estate investment managers rose by 11% in 2020 to reach €3.3 trillion ($4.1 trillion), despite the challenges of the global pandemic, said a study.
According to an annual fund manager survey by NCREIF, INREV and ANREV, non-listed real estate assets accounted for roughly $3.4 trillion, or 83% of that total.
The average AUM for the top 10 managers reached €122.3 billion, more than five times the average AUM across all of this year's respondents (€21.5 billion), the survey of 154 real estate management firms showed.
The five biggest managers, namely the Blackstone Group, Brookfield, Prologis, PGIM, and Nuveen, all reported real estate portfolios of above €100 billion. The Blackstone Group maintains its lead for the fifth consecutive year, reporting an AUM above €260 billion.
The ten largest managers account for 37% of total global AUM, which is in line with levels observed in previous editions. Each of the top 10 fund managers posted total AUMs of over €80 billion.
The top two slots are unchanged from last year with the Blackstone Group in the lead, followed by Brookfield Asset Management. Driven by strong value growth in the logistics / industrial sector Prologis rose from sixth place in 2019 to third in 2020.
The Blackstone Group is the only fund manager to feature in the top 10 rankings in all three main regions, as well as for global strategies.
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