Top 100 Real Estate Investment Managers 2019

The global real estate investment management industry has more than doubled in size over the past five years, from €1.62trn in 2014 to €3.6trn today. The sector continues to be swelled by growing allocations from institutional investors and rising asset prices.

The Top 10 continues to shuffle, although the €177bn Brookfield Asset Management has retained the top spot throughout, almost doubling the €92.1bn in real estate assets it managed in 2014. During that period, Blackstone has also retained third place, but PGIM has replaced CBRE Global Investors as the second-largest real estate investment manager.

CapitaLand is the first company with headquarters in Asia-Pacific to make it onto the top 10. The Singapore-based company has jumped up the ranking after acquiring Ascendas-Singbridge.

The top 10 companies continue to represent close to one-third of the total AUM of the Top 100 combined, showing how dominant a small number of the largest firms are.

Brookfield Asset Management has retained the top position for the seventh year in a row. The Toronto-based investment manager leads a mini-league of companies with over €100bn in assets under management.

Last year, Bentall Kennedy and GreenOak were ranked 39th and 83rd, respectively. Following their merger at the end of 2018, the new entity BentallGreenOak is the 29th largest real estate investment management company, according to the survey.

The global logistics specialist Prologis jumped up from 30 in 2018 to 23 in this year’s ranking. The latest numbers do not include its recent acquisition of Liberty Property Trust for $12.6bn (€11.3bn). Had this been completed before the end of June, Prologis would have come in at 19th, above Credit Suisse Asset Management.

Full Top 100 ranking