Investor focused.
Connecting People, Data, Insights

Reports for Investors

This library contains reports that are useful to the institutional investor. All reports are free. Bookmark for future use and tell a friend.

Reports for Investors

Global Investment Managers 2016 - USD

A number of mangers enjoyed double-digit growth in AUM during the past year, according to Global Investment Managers 2016, an annual survey and report produced by Property Funds Research and Institutional Real Estate, Inc. The industry’s top two largest investment managers, Brookfield Asset Management, with $149.8 billion in AUM as of year-end 2015, and The Blackstone Group, with $147.6 billion in AUM, recorded growth of 19 percent and 22 percent, respectively, based on figures reported in the prior year’s survey. The two behemoths continue to outpace others in the industry, as there is a growing and sizable gap between them and the other largest investment management firms. Blackstone has become a fundraising machine. In early 2015, the firm closed its Blackstone Real Estate Partners VIII, raising a record $15.8 billion of equity. Brookfield also made a large haul recently, closing its Brookfield Strategic Real Estate Partners II in April 2016 with $9 billion of equity. This year’s report captures data on 194 real estate investment managers around the globe. As a group, they control nearly $2.8 trillion of real estate assets. Also indicative of the jump in AUM, the top 10 largest managers, as a group, experienced a 12 percent increase from the previous year; the top 100 managers recorded a 14 percent increase.

Download Report

Global Investment Managers 2016 - Euros

A number of managers enjoyed double-digit growth in AUM during the past year, according to Global Investment Managers 2016, an annual survey and report produced by Property Funds Research and Institutional Real Estate, Inc. The industry’s top two largest investment managers, Brookfield Asset Management, with €137.1 billion in AUM as of year-end 2015, and The Blackstone Group, with €135.8 billion in AUM, recorded growth of 19 percent and 22 percent, respectively, based on figures reported in the prior year’s survey. The two behemoths continue to outpace others in the industry, as there is a growing and sizable gap between them and the other largest investment management firms. Blackstone has become a fundraising machine. In early 2015, the firm closed its Blackstone Real Estate Partners VIII, raising a record €14.5 billion of equity. Brookfield also made a large haul recently, closing its Brookfield Strategic Real Estate Partners II in April 2016 with €8.2 billion of equity. This year’s report captures data on 194 real estate investment managers around the globe. As a group, they control nearly €2.7 trillion of real estate assets. Also indicative of the jump in AUM, the top 10 largest managers, as a group, experienced a 12 percent increase from the previous year; the top 100 managers recorded a 14 percent increase.

Download Report

The Case for Build-to-Core

With existing core assets in primary markets priced at a premium due to strong demand, a “build-to-core” strategy makes a lot of sense.

Download Report

Investing Throughout the Capital Stack

With a “build-to-core” strategy, investors can find opportunities along the capital stack throughout the real estate cycle.

Download Report

Investing in Education

Investments in student housing can offer diversification, strong current income and the potential for long-term growth.

Download Report

U.S. Commercial Real Estate Outlook

The U.S. real estate market has posted solid returns the past few years. However, volatility is expected to return to the market, a signal for investors to examine their taste for risk and prepare for eventualities.

Download Report

Global Investment Managers 2015 - USD Version

The Blackstone Group and Brookfield Asset Management continue their rivalry for the top spot among real estate investment managers. In the 2012 survey, Brookfield held the number 1 position. Last year, Blackstone moved ahead. And this year, Brookfield again moved into first place. The two behemoths both have more than $120 billion under management with BAM increasing AUM by 16 percent, moving from $107.9 billion in 2013 to $125.6 billion in 2014; Blackstone saw a 12 percent increase in AUM, going from $108.2 billion in 2013 to $121.0 billion in 2014. The top 10 firms in the survey collectively manage $822.5 billion of assets, or 33 percent of the total. The top three firms in the rankings — BAM, Blackstone and CBRE Global Investors — account for nearly 14 percent of the AUM total. See the full report for the complete rankings of investment management firms based on AUM.

Download Report

Global Investment Managers 2015 - Euros Version

The Blackstone Group and Brookfield Asset Management continue their rivalry for the top spot among real estate investment managers. In the 2012 survey, Brookfield held the number 1 position. Last year, Blackstone moved ahead. And this year, Brookfield again moved into first place. The two behemoths both have approximately €100 billion under management with BAM increasing AUM by 16 percent, moving from €78.3 billion in 2013 to €103.8 billion in 2014; Blackstone saw a 12 percent increase in AUM, going from €78.5 billion in 2013 to €99.9 billion in 2014. The top 10 firms in the survey collectively manage €679 billion of assets, or 33 percent of the total. The top three firms in the rankings — BAM, Blackstone and CBRE Global Investors — account for nearly 14 percent of the AUM total. See the full report for the complete rankings of investment management firms based on AUM.

Download Report

Glenn Mueller: Real Estate 101

Presented by Glenn Mueller, Real Estate Investment Strategist, Dividend Capital, and Professor, Burns School of Real Estate, University of Denver

View this video series now.

This is a six-part video series for newcomers to the real estate asset class who want to gain a thorough understanding of its role in a multi-asset portfolio, as well as property fundamentals, investing, capital markets and portfolio management.

Part 1: What is real estate? How is it priced and managed?

Part 2: Real estate ownership and investing risks

Part 3: The types of real estate investors and their motivations and objectives, and the role real estate can play in an investment portfolio

Part 4: The investment styles defined, real estate capital markets and the four quadrants, and diversification and houw it adds value

Part 5: Benchmarking and performance measure, the NCREIF U.S. property indices, invesmtent manager and investment programs, the role of consultants, and developing and implementing a real estate investment program

Part 6: Global real estate


Investing in real estate: the outlook for 2015 and beyond

Real estate on the rise. What do the property markets have in store for 2015 and beyond? The commercial property types regrouped on a solid ground in 2014 after climbing back from the pit of lost values, deflated pricing and stagnant transaction markets set off by the Great Recession. From multifamily's long-standing growth run to the office market's plodding gains in tenant demand and retail's bifurcated efforts to pursue changing consumer spending habits, the property types had all found sufficient footing by the end of the year to generate meaty investor returns.

Download Report

Global Investment Managers 2014 - USD Version

The Blackstone Group climbed to the top of the rankings, claiming the number one spot as the world's largest real estate investment manager, with more than $108.2 billion of assets under management. In addition, the aggregate total assets under management for the largest 100 real estate investment management firms reached $2.14 trillion in 2013, up 10 percent from the 2012 figure of $1.94 trillion, according to Global Investment Managers 2014, a report based on an annual survey by Property Funds Research and Institutional Real Estate, Inc. See the full report for the complete rankings of investment management firms based on AUM.

Download Report

Global Investment Managers 2014 - Euros Version

The Blackstone Group climbed to the top of the rankings, claiming the number one spot as the world's largest real estate investment manager, with more than €78.5 billion of assets under management. In addition, the aggregate total assets under management for the largest 100 real estate investment management firms reached €1.55 trillion in 2013, up 10 percent from the 2012 figure of €1.41 trillion, according to Global Investment Managers 2014, a report based on an annual survey by Property Funds Research and Institutional Real Estate, Inc. See the full report for the complete rankings of investment management firms based on AUM.

Download Report

Global Investment Managers 2013

This report was prepared by Property Funds Research and Institutional Real Estate, Inc. The top 20 investment managers in this year’s survey control 57 percent of the aggregate AUM reported by the 137 firms in the survey. The top 10 firms control 36 percent.

Download Report

Megatrends 2013

This article is taken from the March issue of The Institutional Real Estate Letter – Americas and identifies 7 powerful forces that are changing the future of real estate including the decline of defined benefit plans and shrinking office space.

Download Report

Europe - Opportunity Knocks

This report gives an overview of what is currently happening in the European property markets. It is a compilation of articles previously published in The Institutional Real Estate Estate Letter – Europe that have been pulled together to paint a picture of the opportunity that is out there and the risks surrounding it. The report also ends with a listing of European property transactions.

Download Report

Infrastructure Investor Survey

The analysis includes the perspectives of global investors and consultants and will provide you a strong sense of these organizations’ priorities and expectations for infrastructure investment. The survey also will give guidance and clarity to investment managers, including data about investor preference for various products and terms, giving managers the ability to better meet investor appetites.
 

Download Report

The Case for Real Estate in an Institutional Portfolio

This paper seeks to offer a relatively complete examination of all the issues that pertain to the decision to include, or exclude,real estate as a component of institutional portfolios. This work is the culmination of an in-depth review of the historic and current studies, as evidenced by the six pages of references at the end of this paper. In presenting all the facts and pertinent studies we could uncover, we also offer opinions about how they should be viewed. In all of this, you will find that we work to avoid ‘boosterism’ of real estate, preferring instead to draw the more conservative conclusion from among the possible. In doing so, we believe we can draw a more balanced picture as to why real estate belongs in the world of fiduciary investing.

 

Download Report

Global Investment Managers 2012

This report was prepared by Property Funds Research and Institutional Real Estate, Inc. The top 20 investment managers in this year’s survey control 60 percent of the aggregate AUM reported by the 129 firms in the survey. The top 10 firms control 38 percent.

Download Report

China - An Overview of China's Property Sectors

This report focuses on China’s property markets, investment trends and opportunities, as well as risks and challenges for institutional investors.

Download Report