PERE Global Awards 2023: Time to share your highlights

You would be hard pressed to think of a year since the global financial crisis more challenging for raising and deploying capital in the private real estate sector than 2023.

Since interest rates spiked in the second half of 2022, bringing a close to more than a decade of cheap financing, real estate business plans have been stretched and strained – even broken – left, right and center.

Fundraising and investment volumes have plummeted and phrases like ‘survive until ‘25’ have been coined as institutional managers, investors and their advisers reconcile a market in limbo.

To compound matters, continued accelerated secular themes have rendered certain asset types increasingly obsolete while provoking stampedes into other types where a consensus has formed around occupier demand.

Against that backdrop, the private real estate show has had to go on. Fundraisings have happened and deals have been done – albeit in smaller quantities. Furthermore, innovation – of various kinds – has become more relevant to help private real estate organizations make better sense of the conditions we face today.

As such, the most notable difference in this year’s PERE Global Awards is the introduction of the Innovation Investor of the Year category in the global segment of the awards.

With this category, we intend to recognize key innovations by firms over the 12-month period. We define a relevant achievement as the introduction of an activity that demonstrates a new or unique approach to improving investment decision making or business operations through the use of data and technology or a unique approach to capital formation or deployment.

Review PERE’s submission guidelines here for more information on the category.

Submissions can be made for 67 categories in this year’s awards to help PERE recognize the most significant and notable activities in the private real estate market globally in the past year. Besides the introduction of the Innovation category there are numerous long-standing categories dedicated to capital formation and deployment as well as the more recently introduced categories dedicated to areas such as ESG or asset classes, data centers or proptech.

For our editorial team to compile shortlists, we need to hear about your 2023 achievements. You can make a submission in as many categories as you want using the submission form HERE.

The deadline for submissions is close of business Pacific Standard Time in the US, on Friday, November 17.

Voting will open in December and the winners will be announced in print and online in March 2024.

A couple of tips for submissions. First, keep them brief. We cannot sift through reams of material, so stick to the headline facts, with enough detail to make us pay attention. Second, avoid marketing jargon. We want to hear your actual achievements, rather than superlatives about why your company is the best.

Overall, your submissions need to convince us your organization, deal, or you – or your colleague – should be in the running for one of our prestigious awards.

Here are the categories, listed in full:

Global

North America

Europe

Asia