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.

Last year, the private real estate market raised its lowest amount of aggregate capital since 2012 as the industry continued to face up to interest rate hikes, inflation and geopolitical uncertainty.

The PERE Awards 2023 demonstrate that the best managers will find ways to be successful even in such challenging circumstances.

Our winners emerged after a process that began in November, when PERE invited submissions across 70 categories, spanning the Americas, Asia-Pacific, Europe and the Middle East and Africa.

Using both the nominations and their own market knowledge, PERE’s editorial team then created a shortlist of four finalists for each award category. In December and January, readers were invited to cast their votes and crown the winners.

The biggest winners in the 2023 awards were our Global Firm of the Year Blackstone, which took eight gongs – including wins for global co-head of Blackstone Real Estate, Kathleen McCarthy, as Global Industry Figure of the Year, and head of real estate, Europe, James Seppala, as European Industry Figure of the Year.

There were also seven awards for GIC. The Singaporean sovereign wealth fund was named as our Institutional Investor of the Year, both globally and individually in North America, Europe and Asia-Pacific. GLP Capital Partners also took seven awards, registering in both the global and Asia-Pacific categories.

McCarthy and GCP’s Teresa Zhuge were both first-time winners, as were Artemis (Capital Raise of the Year: North America, for Artemis Fund IV), CBRE Investment Management (Industry Figure of the Year: North America, for Julie Ingersoll), Hidden Hill (Proptech Firm of the Year: Global), ICG Real Estate (Data Centers Investor of the Year: Europe), KSL Capital Partners (Hotels & Leisure Investor of the Year: North America), Slate Asset Management (Deal of the Year: Europe, for its acquisition of a German retail portfolio) and StepStone Real Estate (Indirect Firm of the Year: Global).

There was also a brand-new award: Innovation Investor of the Year: Global, which was won by Charleston, South Carolina-headquartered manager Greystar.

After such a challenging year, that award specifically recognizes the value of being innovative, although all of our winners have proven themselves to be innovators in different ways.

Congratulations to all our winners and nominees and thank you to everyone who voted. You can read all about the achievements of the winning firms over the next few pages, as well as an exclusive interview with this year’s Lifetime Achievement Award winner, Mike DiRe.