4Research pieces indexed
Latest Jan 1, 2026

Global Real Estate Intelligence is a neutral index of publicly available research. All rights in ANREV’s work remain with ANREV; we link to the original.
The ANREV Australia Core Open End Fund Monthly Index gross return report covering October to December 2025, tracking the net asset value performance of Australian core open-end non-listed real estate funds.

The GREFI All Funds Index, produced with INREV and NCREIF, was positive for the fifth consecutive quarter in Q3 2025 with a total return of 0.89 percent, down 13 basis points from 1.02 percent in Q2 2025. All regions recorded positive returns, with Asia Pacific leading, and core funds outperformed non-core peers.

Total global real estate assets under management reached US 3.8 trillion dollars at the end of 2024. Blackstone topped the overall ranking with more than US 530 billion dollars of real estate AUM, followed by Brookfield and Prologis, with the top 10 managers accounting for over half of capital allocated globally.

A snapshot compiling perspectives from ANREV research committee members evaluating the market dynamics of the Asia Pacific non-listed real estate sector at the start of 2025.
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Geographies that turn up most often in ANREV’s published research.