Top 25 Real Estate Hedge Funds 2021
2021 Top 25 Largest Real Estate Hedge Funds Overview
The 25 largest real estate hedge funds manage $286.8 billion in assets as of early 2021. 84% of the top real estate hedge funds are based in the United States. 32% of the largest real estate funds are based in New York.
With $61 billion in AUM, Cerberus Capital Management is the largest real estate hedge fund manager in 2021. Angelo Gordon and Oaktree Capital Management rank two and three, respectively, among the biggest real estate hedge funds.
Real estate funds invest in residential and commercial real estate and land in a number of ways, but the most common is through real estate securities such as REITs.
The below list of top real estate hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in real estate.
Top 25 Real Estate Hedge Funds 2021
List of the 25 biggest real estate hedge funds for 2021 ranked by assets under management (AUM)
Rank Fund Name City Country AUM Other Strategies
1.0
Cerberus Capital Management
New York
United States
61,347.7
Credit, Real Estate, Private Equity
2.0
Angelo Gordon & Co.
New York
United States
56,276.9
Real Estate, Fixed Income, Managed Futures, Multi Strategy
3.0
Oaktree Capital Management
Los Angeles
United States
38,350.0
Fixed Income, Real Estate, Distressed Assets
4.0
Almanac Realty Investors, LLC
New York
United States
24,546.1
Real Estate
5.0
CarVal Investors
Minneapolis
United States
15,734.0
Fixed Income, Real Estate
6.0
LaSalle Investment Management
Chicago
United States
14,321.1
Real Estate
7.0
Brummer and Partners
Stockholm
Sweden
14,200.0
Long/Short, Multi Strategy, Global Macro, Managed Futures
8.0
Lazard Alternatives
New York
United States
14,120.0
Multi Strategy, Real Estate, Long/Short
9.0
Rockpoint Group
Boston
United States
12,879.6
Real Estate
10.0
Rockwood Capital
San Francisco
United States
8,218.7
Real Estate
11.0
Guggenheim Capital Markets
New York
United States
4,640.9
Multi Strategy, Fixed Income, Real Estate
12.0
Stockbridge
San Francisco
United States
3,931.5
Real Estate
13.0
Blue Ridge Capital
Atlanta
United States
2,880.9
Real Estate
14.0
Contrarian Capital Management
Greenwich
United States
2,755.2
Multi Strategy, Distressed Assets, Real Estate, Emerging Markets
15.0
Dune Real Estate Partners
New York
United States
2,747.2
Real Estate
16.0
Cheyne Capital
London
United Kingdom
2,007.9
Real Estate, Fixed Income, Long/Short, Convertibles
17.0
Avanath Capital Management, LLC
Irvine
United States
1,896.9
Real Estate
18.0
Blue Vista Capital Partners
Chicago
United States
1,704.6
Real Estate
19.0
Aether Investment Partners
Denver
United States
1,222.8
Real Estate, Commodities, Fund of Funds
20.0
Avenue Capital Group
New York
United States
898.2
Real Estate, Fixed Income, Managed Futures
21.0
Gordian Capital
Singapore
Singapore
688.5
Fund of Funds, Long/Short, Global Macro, Real Estate
22.0
Farallon Capital Management
San Francisco
United States
505.4
Multi Strategy, Arbitrage, Real Estate
23.0
Equity Resource Investments
Cambridge
United States
403.0
Real Estate
24.0
Toscafund Asset Management
London
United Kingdom
289.0
Long/Short, Event Driven, Real Estate, Credit
25.0
GoldenTree Asset Management
New York
United States
282.6
Credit, Absolute Returns, Real Estate
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Key Stats on Top 25 Real Estate Hedge Funds – 2021
21 of the top 25 real estate hedge fund managers are based in the United States (84%)
3 of the top 25 real estate hedge funds for 2021 are based in Europe (12%)
8 of the 25 largest real estate funds for 2021 are based in New York (42%)
The top 25 real estate hedge fund companies have $286.8 billion USD in assets under management (AUM)
The average AUM of the top 25 real estate funds for 2021 is $11.5 billion USD
The median AUM of the top 25 real estate hedge funds for 2021 is $2.9 billion USD
Get the full list of all real estate hedge funds in Excel format
The Real Estate Hedge Fund List has 35 categories of detailed information on all the funds above plus nearly 300 additional real estate funds. Everything from website to emails to senior staff, hiring status, number of clients and more is included. And it’s delivered in Excel format for easy use with any spreadsheet program or contact management system.
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