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CBRE Global Investors 2018 Private Real Asset Transactions Include Increasing Volume of Acquisitions in Specialty Sectors

11 Mar 2019

CBRE Global Investors completed $24.1 billion in private real assets transactions globally in 2018, including an increasing volume of acquisitions in specialty sectors as part of the firm’s cycle-aware investment strategy.

Acquisitions totaled $14.7 billion during the year in which the firm raised a record $10.9 billion of capital for private investment in real assets.

Notable acquisitions in 2018 included:

  • U.S. student housing portfolio providing exposure to 29,271 beds
  • Spanish residential portfolio with 6,000 units
  • 57-building U.S. medical office portfolio
  • Korean logistics portfolio
  • Three-building state-of-the-art data center portfolio
  • 1,400-unit Dutch residential portfolio
  • U.S. super-regional mall portfolio
  • Iconic mixed-use asset in Germany featuring high street units, hotel, office space and apartments
  • Self-storage portfolio
  • Nine-asset Spanish hotel portfolio
  • Australian smart metering business
  • 170,000 square meter French logistics asset

Dispositions totaled $9.4 billion as the firm selectively took advantage of strong buyer demand to benefit its clients.

“Investors are continuing to increase their allocations to real assets, including both real estate and infrastructure,” said Jeremy Plummer, Global CIO of CBRE Global Investors. “We have been very active across the globe executing cycle-ware investment strategies including investments in specialty sectors with strong fundamentals and a counter-cyclical nature while also taking advantage of opportunities to sell stabilized assets.”

Transaction activity by region was:

  • Europe: $12.9 billion
  • Americas: $9.1 billion
  • Asia: $2.1 billion

With $6.3 billion in dry powder to invest at the start of 2019, CBRE Global Investors anticipates continued transaction momentum this year as it provides real asset investment solutions for its clients.

About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $105.5 billion in assets under management* as of December 31, 2018. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com

*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.