| Carmel Partners Investment Fund IX, L.P. | Carmel Management III, LLC | $1.12B |
| Tgm Apartment Partners LP | Tgm Associates L.P. | $1.12B |
| Elmtree U.S. Net Lease Fund V-A, LP | Elmtree Funds, LLC | $1.11B |
| Tpg Real Estate Partners III, L.P. | Tpg Real Estate Advisors, LLC | $1.11B |
| Artemis Real Estate Partners Healthcare Fund II, L.P. | Artemis Real Estate Partners, LLC | $1.11B |
| Brep Edens Investment Partners L.P. | Blackstone Property Advisors L.P. | $1.11B |
| Brookfield Strategic Real Estate Partners Ii-A L.P. | Brookfield Asset Management Pic US, LLC | $1.11B |
| Carmel Partners Investment Fund V, LP | Carmel Management III, LLC | $1.1B |
| Longpoint Realty Fund II, LP | Longpoint Partners LP | $1.1B |
| Rockpoint Sc Holdings, L.P. | Rockpoint Group, L.L.C. | $1.1B |
| Brookfield Real Estate Partners F LP | Brookfield Asset Management Pic US, LLC | $1.09B |
| Blackchamber Real Estate Opportunity Fund, LP | Black Chamber Partners, LLC | $1.09B |
| Gem Realty Fund VII, L.P. | Gem Capital, L.P. | $1.08B |
| Brookfield Properties Office Partners LLC | Brookfield Asset Management Pic US, LLC | $1.07B |
| Avanath Affordable Housing IV, LLC | Avanath Capital Management, LLC | $1.06B |
| Pccp Credit XI, LP | Pccp, LLC | $1.05B |
| Japan Income Fund Investment Limited Partnership | Ares Management LLC | $1.05B |
| Stepstone K Real Estate Co-Investment Fund II , LP | Stepstone Group Real Estate LP | $1.05B |
| Rockbridge Hospitality Fund VII L.P. | Rockbridge Capital, LLC | $1.05B |
| Kayne Anderson Real Estate Partners V, L.P. | Kayne Anderson Capital Advisors, L.P. | $1.04B |
| Abacus Multi-Family Partners VII LP | Abacus Capital Group LLC | $1.04B |
| Bridge Opportunity Zone Fund LP | Bridge Multifamily Fund Manager LLC | $1.04B |
| Blackstone Real Estate Debt Strategies - Supplemental Account C L.P. | Blackstone Real Estate Special Situations Advisors L.L.C. | $1.04B |
| Raith Real Estate Fund III LP | Raith Capital Partners, LLC | $1.04B |
| Sre Opportunity Fund V, L.P. | Singerman Real Estate Management Company, L.P. | $1.03B |
| Kkr Asia Real Estate Partners II Scsp | Kohlberg Kravis Roberts & Co. L.P. | $1.02B |
| Mesirow Financial Real Estate Value Fund III, L.P. | Mesirow Financial Investment Management, Inc. | $1.02B |
| Greenoak Europe II, LP | Bgo US Real Estate LP | $1.02B |
| Greenoak Europe III, LP | Bgo US Real Estate LP | $1.02B |
| Bridge Debt Strategies Fund IV International Master LP | Bridge Multifamily Fund Manager LLC | $1.02B |
| Bridge Debt Strategies Fund IV International LP | Bridge Multifamily Fund Manager LLC | $1.02B |
| Blackstone Property Partners (supplemental Account) C L.P. | Blackstone Property Advisors L.P. | $1.02B |
| Nw Residential REIT LLC | Northwood Investors LLC | $1.02B |
| Hines Rialto Credit Partners, LP | Rialto Capital Management, LLC | $1.01B |
| Rockwood Tactical Credit Opportunities II, LP | Rockwood Capital, LLC | $1.01B |
| Walton Street Real Estate Fund Ix-Nus-Nr, L.P. | Walton Street Capital, L.L.C. | $1.01B |
| Waterton Residential Property Venture XIV, L.P. | Waterton Investment Adviser, L.L.C. | $1.01B |
| Rescal Investments, LLC | Resmark Equity Partners, LLC | $1B |
| Cred III Master Fund LP | Canyon Partners Real Estate LLC | $1B |
| Cheyne Real Estate Credit Holdings (crech) IX - Capital Solutions Fund | Cheyne Capital Management (UK) LLP | $1B |
| Bds V Co-Invest LP | Bridge Multifamily Fund Manager LLC | $1B |
| Msd Real Estate Credit Opportunity Fund II (g), LLC | Msd Partners, L.P. | $1B |
| Greystar Equity Partners Asia Pacific Fund I Scsp | Greystar Investment Group, LLC | $1B |
| Exeter Core Industrial Club Fund II, L.P. | Eqt Real Estate, LLC | $1B |
| Bell Partners Growth and Income Fund, L.P. | Bell Partners Investment Manager, LLC | $995.4M |
| Stepstone Real Estate Partners IV Parallel, LP | Stepstone Group Real Estate LP | $992.5M |
| Breakthrough Properties Growth Portfolio I, L.P. | Breakthrough Services, L.L.C. | $991.6M |
| Graduate Hotels Real Estate Fund III LP | Aj Capital Management LLC | $990M |
| Green Courte Real Estate Partners V, LLC | Gcp Investment Advisor, LLC | $987.8M |
| Stepstone Real Estate Partners V 892, LP | Stepstone Group Real Estate LP | $982.9M |