Preqin forecasts that private real estate assets under management (AUM) will grow from $1.05tn in 2020 to $1.24tn in 2025.

While lower than Preqin's CAGR forecast of 9.8% for all alternative AUM, the real estate AUM growth of 3.4% per year should be viewed in the context of a market hit by what will likely be a period of demand uncertainty for its two largest