Top 25 Real Estate Hedge Funds 2023
2024 Top 25 Largest Real Estate Hedge Funds Overview
The 25 largest real estate hedge funds manage $554 billion in assets as of 2024. Assets managed by the top 25 funds are up more than 20% since 2023. 76% of the top real estate hedge funds are based in the United States. while 36% of the largest real estate funds in the world are based in New York.
With $87 billion in AUM, Cerberus Capital Management is the largest real estate hedge fund manager in 2024. Angelo Gordon and Sculptor Capital Management rank two and three, respectively, among the biggest real estate hedge funds.
Real estate funds invest in residential and commercial real estate and land in a number of ways, but the most common is through real estate securities such as REITs. They also purchase properties and developments directly.
The below list of top real estate hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in real estate.
Top 25 Real Estate Hedge Funds 2024
List of the 25 biggest real estate hedge funds for 2024 ranked by assets under management (AUM)
Rank Fund Name City Country AUM ($ Millions) Strategies
1.0
Cerberus Capital Management
New York
United States
86,966.0
Credit, Real Estate
2.0
Angelo Gordon & Co.
New York
United States
82,071.0
Real Estate, Fixed Income
3.0
Sculptor Capital Management
New York
United States
42,792.0
Multi-Strategy, Real Estate
4.0
Farallon Capital Management
San Francisco
United States
42,554.0
Multi Strategy, Arbitrage, Real Estate
5.0
GoldenTree Asset Management
New York
United States
38,988.0
Credit, Absolute Returns, Real Estate
6.0
Oaktree Capital Management
Los Angeles
United States
38,350.0
Fixed Income, Real Estate
7.0
Cheyne Capital
London
United Kingdom
29,729.0
Real Estate, Fixed Income
8.0
TCI Fund Management
London
United Kingdom
26,500.0
Long/Short, Real Estate
9.0
Gopher Asset Management
Shanghai
China
21,200.0
Fund of Funds, Private Equity, Real Estate
10.0
CarVal Investors
Minneapolis
United States
19,967.0
Fixed Income, Real Estate
11.0
Stockbridge
San Francisco
United States
19,542.0
Real Estate
12.0
Guggenheim Capital Markets
New York
United States
19,206.0
Multi Strategy, Fixed Income, Real Estate
13.0
Lazard Alternatives
New York
United States
14,120.0
Multi Strategy, Real Estate
14.0
Rockpoint Group
Boston
United States
13,519.0
Real Estate
15.0
Rockwood Capital
San Francisco
United States
10,910.0
Real Estate
16.0
LaSalle Investment Management
Chicago
United States
10,457.0
Real Estate
17.0
La Française Global Investment Solutions
Paris
France
7,620.0
Credit, Event Driven, Real Estate
18.0
Avenue Capital Group
New York
United States
7,495.0
Real Estate, Fixed Income
19.0
Sagard Holdings Manager LP
Toronto
Canada
5,396.0
Multi-Strategy, Credit, Real Estate
20.0
Contrarian Capital Management
Greenwich
United States
4,171.0
Multi Strategy, Distressed Assets, Real Estate
21.0
Avanath Capital Management, LLC
Irvine
United States
3,832.0
Real Estate
22.0
Dune Real Estate Partners
New York
United States
2,361.0
Real Estate
23.0
Blue Ridge Capital
Atlanta
United States
2,236.0
Real Estate
24.0
Toscafund Asset Management
London
United Kingdom
2,053.0
Long/Short, Event Driven, Real Estate
25.0
Emmes Asset Management
New York
United States
1,985.0
Real Estate
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Key Stats on Top 25 Real Estate Hedge Funds – 2024
19 of the top 25 real estate hedge fund managers are based in the United States (76%)
Just 4 of the top 25 real estate hedge funds for 2024 are based in Europe (16%)
9 of the 25 largest real estate funds for 2024 are based in New York (36%)
The top 25 real estate hedge fund companies have $554.1 billion USD in assets under management (AUM)
The average AUM of the top 25 real estate funds for 2024 is $22.2 billion USD
The median AUM of the top 25 real estate hedge funds for 2024 is $14.1 billion USD
Get the full list of all real estate hedge funds in Excel format
The Real Estate Hedge Fund List has 40 categories of detailed information on all the funds above plus nearly 400 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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