• Blackstone is the biggest fund manager with more than US$500 billion of real estate AUMBlackstone is the biggest fund manager with more than US$500 billion of real estate AUM

• Continued concentration of global AUM in the largest managers, with top four managers accounting for almost 27% of the total real estate capital.

• ESR has become the manager with the largest Asia Pacific real estate AUM

• Pan-Asian industrial and logistics players are emerging among top fund managers.

At the end of 2022, the total global real estate assets under management (AUM) reached a record of US$4.1 trillion. The total AUM of the top 10 managers exceeded US$1.9 trillion. With US$508.2 billion of real estate AUM, Blackstone tops the overall list, followed by Brookfield and Prologis.
 
ESR is making is replacing GLP in the top 10 and takes the first spot in APAC.

ANREV, INREV and NCREIF are pleased to present a series of quarterly snapshots on what’s happening in the global real estate investment market.

In this short two-page snapshot, the Global Research Committee will share their views and paint a picture of the global landscape drawing on data and insights from recent global indices and global surveys, conducted by all three associations.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.31% in April 2023. The ACOE includes 17 funds with a total GAV of AUD 124.60 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang, Justin Wong, or Donald Lam if you have any questions regarding the Index.

This ANREV Vehicles Universe document provides data on 402 vehicles with a total gross asset value (GAV) of US$ 296.92 billion as of Q4 2022. Data on 267 vehicles (total GAV US$190.27 billion) was extracted from the ANREV Vehicles Database. Data on the remaining 135 vehicles came from secondary sources.

If you have any questions, please contact Daisy Huang or Justin Wong.

• The ANREV Annual Fund Index returned 5.16%, down from 12.26% in 2021.

• Core funds outperformed the all funds index as well as value added and opportunity funds.

• Australia funds outperformed the index returning 6.77% over 2022.

Data contributions were received from 81 funds with a total gross asset value of US$160.8 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang or Justin Wong.