PERE 200

Mid-sized managers accounted for an outsized share of the new capital brought to this year’s rankings, with 16 firms clearing $5bn for the first time.

The global property investment market was in full swing in 2021 with record transaction volumes, writes Tom Leahy, executive director at MSCI – Real Capital Analytics.

A recent dearth of $5bn-plus fund closes in this year’s PERE 100 ranking masks the opportunity for such products.

The 2021 ranking reflects more muted fundraising activity during the covid pandemic.

Hampered transaction activity by the PERE 100 in 2020 was predictable in the circumstances, writes Simon Mallinson, executive managing director at Real Capital Analytics.

Aided by the rise of logistics and other property types, opportunistic and value-add managers outperformed their core counterparts.

Even the most dominant in the ranking are seeing a drop in aggregate growth.

The ranking’s net investing almost halved in the last 12 months. Restrictions imposed by covid-19 will only further reduce its ability to place capital, writes Simon Mallinson, executive managing director of Real Capital Analytics.

Outraising its closest competition by $36bn in this year’s PERE 100, the sector’s heavyweight champion continues its dominance of the private real estate sector.

New York, London and Hong Kong have been thriving hubs and corporate headquarters for the real estate industry for decades. But they might not have the same appeal in the future.