Companies and funds reported raising $21.47 billion from investors in the fourth quarter of 2011 for real estate-related deals and refinancings, a 7% drop from the third quarter when $23.18 billion was raised and a 39% drop from the second quarter of 2011.
The amount of real estate-directed funding raised in the fourth quarter brings the total inflow for all of 2011 to more than $103.4 billion completed by more than 1,900 funds and firms.
CoStar Group tracks the fundraising activity of more 3,400 entities on an ongoing basis and adds about 125 new entities per month.
Of the money raised in the fourth quarter, about $17.3 billion was to be used primarily for investments and acquisitions. That is 14% less than in the third quarter. The remaining $4.16 billion in funds was primarily targeted for repaying debt.
Read more...CRE Investment Dollars Continue To Dwindle - CoStar Group