Both fund managers are also said to be in the midst of a bidding war for Anbang Insurance Group Co.’s portfolio of 15 luxury hotels.
SINGAPORE (May 22): Total real estate assets under management (AUM) for 2018 rose 12% to US$3.2 trillion ($4.4 trillion) from US$2.8 trillion in 2017, according to this year’s ANREV/INREV/NCREIF Fund Manager Survey.
This year’s total global AUM growth was led by the largest contributor Blackstone Group as the firm made history by breaching the US$200 billion mark, followed by Brookfield Asset Management which saw a 20.5% y-o-y surge in total real estate AUM to US$187.3 billion.
