We don't need to make a ranking when the PERE 50/100 list exists.
1 Blackstone New York 55,251
2 Brookfield Asset Management Toronto 29,537
3 GLP Singapore 17,155
4 Starwood Capital Group Miami Beach 16,839
5 The Carlyle Group Washington DC 11,805
6 Cerberus Capital Management New York 11,803
7 Lone Star Funds Dallas 11,600
8 Pacific Investment Management Co. (PIMCO) Newport Beach 10,100
9 AEW Boston 9,460
10 Angelo Gordon New York 8,446
Keep in mind the PERE list is just REPE (go figure....), the pension/institutional asset managers can be much larger. PGIM says it has $179B in real estate AUM per its website, that's over 3X what the above says BX has (which actually looks low to me, but they do have timed funds, so its possible).
Rankings based on category can be very misleading, but I do think some publication try and look at total AUM regardless of category.
Though it should be noted that not everyone counts their AUM the same. I know the Hines number includes the value of assets where they just have third party property management/facilities management contracts.
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We don't need to make a ranking when the PERE 50/100 list exists.
1 Blackstone New York 55,251 2 Brookfield Asset Management Toronto 29,537 3 GLP Singapore 17,155 4 Starwood Capital Group Miami Beach 16,839 5 The Carlyle Group Washington DC 11,805 6 Cerberus Capital Management New York 11,803 7 Lone Star Funds Dallas 11,600 8 Pacific Investment Management Co. (PIMCO) Newport Beach 10,100 9 AEW Boston 9,460 10 Angelo Gordon New York 8,446
Keep in mind the PERE list is just REPE (go figure....), the pension/institutional asset managers can be much larger. PGIM says it has $179B in real estate AUM per its website, that's over 3X what the above says BX has (which actually looks low to me, but they do have timed funds, so its possible).
Rankings based on category can be very misleading, but I do think some publication try and look at total AUM regardless of category.
PERE ranks capital raised whereas IREI is total assets under management https://irei.com/wp-content/uploads/2019/08/2019_PFR_IREI-REPORT-US.pdf
Though it should be noted that not everyone counts their AUM the same. I know the Hines number includes the value of assets where they just have third party property management/facilities management contracts.
Autem corporis id tempore rerum incidunt vitae accusantium odio. Odit assumenda quaerat sapiente aliquam itaque sint.
Est praesentium saepe veniam eius repudiandae quibusdam nesciunt. Facilis atque consequatur perferendis ut. Exercitationem facere quia mollitia sed laudantium eos ab. Perspiciatis ad eos placeat.
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