The National Association of Real Estate Investment Managers (NAREIM) and Ferguson Partners (FP) are pleased to present the results from the 2023 Global Management Survey (GMS). This initiative, the most comprehensive global study of management practices in the industry, is designed to provide real estate investment managers (REIMs) and private equity firms with current information regarding strategic, organizational, financial, and operational best practices. In particular, this report provides an in-depth view of practices across a variety of topics including capital raising, organizational structure, staffing, roles and responsibilities, financial performance, and fund terms.
This survey is designed to provide up-to-date information on management trends in light of both the current state of the economy and the real estate industry, and we extend our sincere appreciation to all participating organizations.
In the first quarter of 2023, Ferguson Partners sent out a survey questionnaire for the purpose of gathering relevant market data on strategic, financial, and organizational design practices for real estate investment managers and private equity firms. The survey was composed of the following six sections: General Company Information, Fund Raising Data, Assets Under Management Data, Financial Metrics, Organization Design, and Fund Terms. In 2021, we introduced a Global Supplement section to the survey allowing for more granular, regional data cuts.
For the 2023 survey, a record 83 companies provided thorough responses. Participants vary in size, strategy, and geographic focus and represent a cross section of the real estate investment management/private equity industry. FP gathered the responses, clarified information with participants as needed, and then analyzed the data to develop a comprehensive report of findings.
For the key findings from the survey, download a PDF of the 2023 Executive Summary.
For additional information, please contact Scott McIntosh.