Real Estate Managers
Real estate managers were hit with rising interest rates, falling valuations and declining fundraising in the year ended June 30, resulting in their worldwide assets under management dropping by 2.9% to $1.9 trillion.
Rising rates battered worldwide assets of top real estate managers, but U.S. institutional assets held fast with a small gain, P&I’s annual manager survey shows.
Brookfield has grown from a U.S. and Canadian property operator to a global real estate manager while also increasing its balance sheet and retaining its property management ethos.
Real estate debt sectors show mixed results with mortgages and loans up double digits while hybrid debt and mezzanine have lost ground.
The largest real estate managers' AUM showed steady growth in the year, with mezzanine and loan strategies showing the largest increases.
