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Article: Gaining ground; Real estate managers enjoy 20.7% gain overall, but growth in institutional assets slows.(Special Report: Real Estate Managers)
- Article from:
- Pensions & Investments
- Article date:
- October 16, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ARLEEN JACOBIUS
Real estate managers' total assets, excluding real estate investment trusts, increased 20.7% to $620 billion in the 12-month period ended June 30, according to Pensions & Investments' annual survey of the largest real estate managers.
The top 50 managers of U.S. institutional tax-exempt assets saw their assets rise 19% to $323 billion. That was down from the 23.9% rise in tax-exempt assets exhibited in the previous year's survey, mirroring the slowdown in the U.S. commercial real estate market in the first half of this year. According to data reported by Global Real Analytics, a San Francisco real estate research firm, domestic ...