Quest for steady income helps push worldwide assets up 8.7% in the year ended June 30.
Growth slowed dramatically for the largest real estate investment managers in the year ended June 30, but REIT assets jump.
20% hike mimics pre-crisis days, but institutional increase more staid
Hungry investors feast on real estate, push assets up 13.7% to highest point since '08.
Real estate assets still growing, but at a slower pace.
Top real estate money managers' total worldwide assets under management worldwide increased to 11.7% due to appreciation, acquisitions; institutional tax-exempt assets up 8.9%.
Real estate investment managers reversed two years of asset declines.
Real estate managers are still losing assets after the economic disaster of 2008-'09, but outflows are down significantly from the previous year.
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.