ANREV Fund Manager Survey 2026

10 Jun, 2026
  • Total global real estate AUM rose 19% to USD4.5 trillion at year-end 2025, marking the end of a three-year contraction, according to the Fund Manager Survey 2026.

    Key findings:

    • Global AUM up 19% to USD4.5 trillion – second highest value since inception
    • Core allocations rose to 72% globally, up from 63% in 2024
    • Top 10 managers held USD2.2 trillion; CapitaLand Investment led Asia Pacific
    • Global dry powder rose 4% to USD211 billion

    The return to core strategies reflects improving investor confidence and stabilising valuations. In Asia Pacific, the split between core and value add/opportunistic strategies remains equally balanced.

    ANREV Fund Manager Survey 2026 ReportPDF
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    ANREV Fund Manager Survey 2026 SnapshotPDF
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    ANREV Fund Manager Survey 2026 Excel SupplementXLSX
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    ANREV Fund Manager Survey 2026 - Press releasePDF
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For further information, please don't hesitate to contact us.

David Green-Morgan
Director of Research and Professional Standards