A 30% nose dive for real estate money managers

Real estate money managers are seeing the equity in their property investments begin to dissolve. In fact, combined worldwide taxable and non-taxable assets of the top real estate managers — excluding REITs — sank 30% to $710 billion in the year ended June 30.

REIT firms first to feel pain of global real estate volatility

Like the proverbial canary in the coal mine, assets of the largest managers of real estate investment trusts have become the first to feel the shock wave of volatile world markets. According to P&I's survey of the largest real estate money managers, total REIT assets fell 44% for the year ended June 30.