Publications

- October 2012: Vol. 24 No. 9

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The Big Get Even Bigger: Investment Managers Report Increases in AUM as Property Markets Improve

by Larry Gray

There’s a new world order among real estate investment managers, at least at the top, according to a recent global survey of 129 real estate investment managers conducted by Property Funds Research. For a number of years ING Real Estate Investment Management reigned as the world’s largest real estate investment management firm with assets under management in 2010 of more than $86.6 billion. ING, however, sold off its real estate assets in Europe and Asia to CB Richard Ellis Investors (now CBRE Global Investors) last year. With the acquisition, CBRE Global Investors shot up to No. 2 with more than $94.1 billion of AUM, slightly behind leader Brookfield Asset Management, which ranked No. 2 in the previous year and reported total assets of nearly $94.5 billion as of year-end 2011. Also shooting up the rankings to grab the No. 3 spot was

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