A research produced by
The European financial and economic crisis continues to negatively affect the non-listed real estate fund industry. For fund raising, this resulted in 2011 being another challenging year for the industry.
According to the annual INREV Capital Raising Survey, institutional non-listed real estate funds raised €9.3 billion of equity in 2011. Compared with 2010, the total estimated amount of raised equity is down by 9%. Current levels are still almost 70% lower than what was achieved at the height of the captal raising cycle in 2007.
Source : INREV
