Preqin Quarterly Update: Real Estate Q4 2022

While there was an increase in activity from notably low levels during Q4 2022, this is unlikely to set up 2023 as a year of strong recovery for real estate – particularly the first six months of the year.

Those who read the Preqin Global Report 2023: Real Estate would have discovered our prediction that the increase in real estate fundraising in the final quarter of 2022 would fail to reach the level it did in the fourth quarter of 2021. We were correct, as this was the case as 2022 ended. During the final quarter of 2022, 76 funds closed, raising a total of $46.9bn, while 184 funds closed in the fourth quarter of 2021, raising a combined $81.7bn – a record for a single quarter (Fig. 1).