PERE Awards 2024

This year’s winners show how private real estate investors can be both cheerful and fearful about the market

PERE’s annual awards again recognized winners spanning the Americas, Europe and Asia-Pacific regions. This year marked two important changes for the awards: first, reducing the number of categories to focus on what is most important to the industry; and second, discontinuing the voting system in favor of editorial selection.

View the full winner list and regional runners-up, as well as our detailed coverage highlighting the award criteria and the winners’ achievements in a fascinating year that was challenging yet hopeful for the industry.

MAIN COVERAGE

PERE Awards 2024: The winners explained

We reveal the winners of our first-ever editorially chosen honors, recognizing the best and brightest in private real estate.

ABOUT THE WINNERS

COMMENT & ANALYSIS

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PREVIOUS AWARDS AND ANNUAL REVIEWS

PERE Awards 2023: And the winner is…

We reveal the winners of this year's honors, celebrating the best and brightest lights in private real estate, as voted by the industry.

Global awards: Bigger and brighter

This year’s roster of global award winners demonstrates the importance of both scale and innovation.

North America: Industrial moves front and center

Amid myriad challenges, industrial real estate emerged as an asset class of choice.

Europe: A year of more balanced sectoral bets

Unlike past years, the 2023 winners made investments across a wide mix of mainstream and alternative property sectors.

Asia-Pacific: A banner year for GCP as region’s firms step up

Asian firms dominated the region’s award shortlists in both Firm of the Year and Capital Raise of the Year in 2023.

Mike DiRe wants you to ‘challenge the way you invest’

CalSTRS’ head of private markets pushed for big changes during his 20-plus years at one of the world’s largest property investors. He is not done pushing yet.

Three essential things to know about CalSTRS’ Mike DiRe

The following tidbits give a further glimpse into the character of one of the best-known investor names in private real estate.

PIMCO on why it pays to see a fuller picture as a long-term investor

Exposure to public and private equity and debt grants perspective, say John Murray, managing director, global private real estate, PIMCO, and Francois Trausch, CEO and CIO, PIMCO Prime Real Estate.

Greystar: Living sector demand ‘is really strong’

The maturing living sector is attracting new institutional interest seeking stability, says Wes Fuller, Greystar’s chief investment officer.

Harrison Street: Limited supply should boost rental growth

Harrison Street’s co-founder, chairman and chief executive Christopher Merrill explains how complexity can create value.

KSL Capital Partners on why the leisure travel sector holds elasticity

Uncertainty slowed transactions, says KSL Capital Partners’ chief executive and co-founder Eric Resnick, but the leisure travel sector was open to those with dry powder.

CBRE Investment Management is going beyond financial returns

Social and environmental gains are foundations of success, says Marius Schöner, managing director, head of EMEA residential operator division at CBRE Investment Management.

Slate Asset Management on remaining ‘focused, prudent and patient’

Slate Asset Management’s founding partner Brady Welch discusses raising capital to close the largest property deal in Germany amid a tough transaction market.

DNE Group: New economy thrives in a tough year

Investors remained disciplined in 2023, but DNE’s resilience enabled it to capital raise and expand its portfolio, says Dongping Sun, chairman and chief executive officer.

Qualitas: The need for housing supports strong returns

Focusing on debt and the undersupplied Australian residential market is supporting capital raising and returns, says Andrew Schwartz, group managing director, co-founder and chief investment officer at Qualitas.

PERE’s Annual Review comes as the private real estate market tries to heave itself into the next investment cycle following a period of low investment volumes owing to soaring inflation and interest rates. As the review attests, the year was a game of two halves, with record-breaking activity in H1, even as Russia invaded Ukraine.

But economic implications of the conflict saw activity falter in the second half, forcing many institutional investors, managers and their advisers to re-examine their circumstances. The report celebrates those which did that best with the 2022 Global PERE Awards.

PERE’s Annual Review comes at a time when covid-19 is still having a significant impact on the real estate landscape. The past year saw firms rotating out of existing asset types to ones that prove their resilience as the virus became second nature. This report celebrates those successes with the 2021 Global PERE Awards.

PERE’s Annual Review comes at a fitting moment, almost exactly one year on from when much of the world went into mass lockdown. It has been a trying year, but one in which many firms have risen admirably to the challenges that covid-19 has presented. This report celebrates those successes with the 2020 Global PERE Awards.

The 2019 Annual Review looks at a year where private real estate went about ‘getting on with it’. Record levels of demand for alternative assets resulted in plenty of action, with the 2019 Global PERE Awards celebrating 2019’s greatest achievers both globally and regionally – in Asia-Pacific, the Americas and Europe – across 66 award categories.

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