8.5.4.1Vertical
Core & Core-Plus RE Funds
Open and closed-end funds investing in stable income-producing properties.
Market snapshot
These figures describe Real Estate Fund Management (8.5.4), the segment that Core & Core-Plus RE Funds sits within — not Core & Core-Plus RE Funds on its own.
FragmentationConsolidatingEstimate
Real-estate fund management is an investment-management category (NAICS 523/525) overlapping Financial Services and is not separately disclosed by the Census Bureau, so the segment is not separately sized here.
Business model & economics
Revenue model
Recurring management fees plus performance fees
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- Low
recurring AUM-based management fees
asset-light fee economics
Characteristics
- Runs RE funds/accounts for institutions.
- Core to opportunistic strategy spectrum.
- Expanding into credit and across risk profiles.
M&A deal context
Deal activityModerate
Who’s acquiring
- Real-estate investment managers
- Diversified asset managers
- PE-backed platforms
What’s driving deals
- Scale and product-breadth consolidation.
- Institutional real-estate allocations.
- Expansion into credit and alternatives.
Find Core & Core-Plus RE Funds acquisition targets
Search Acquisera’s index for companies classified under Core & Core-Plus RE Funds (8.5.4.1) and build a targeted deal pipeline.
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