| Prospect Ridge U.S. Real Estate Partners III L.P. | Prospect Ridge Advisors, LLC | $982.3M |
| Prospect Ridge Real Estate Debt Fund II L.P. | Prospect Ridge Advisors, LLC | $980.7M |
| Securespace Property Partners LP | Ares Management LLC | $977.9M |
| Oregon Abacus Multifamily Associates LP | Abacus Capital Group LLC | $970.8M |
| Madison International Real Estate Liquidity Fund VII (te), LP | Madison International Realty Holdings, LLC | $955M |
| Brookfield Strategic Real Estate Partners Ii-B L.P. | Brookfield Asset Management Pic US, LLC | $952.9M |
| Blackstone Real Estate Debt Strategies V - Gaussian L.P. | Blackstone Real Estate Special Situations Advisors L.L.C. | $947.6M |
| Blue Owl Digital Infrastructure Fund Ii-B LP | Blue Owl Real Estate Capital LLC | $945.7M |
| Asana Partners Fund IV, LP | Asana Partners, LP | $942.9M |
| Kildare European Partners II, L.P. | Kildare Partners US, LLC | $935.5M |
| Jadian Real Estate Fund II, LP | Jadian Capital, LP | $932.2M |
| Blackstone Real Estate Debt Strategies IV (lux) Scsp | Blackstone Real Estate Special Situations Advisors L.L.C. | $931.8M |
| Marcus Capital Partners Fund IV, L.P. | Marcus Partners, LLC | $931.7M |
| Gotham Office Realty Partnership LLC | Meadow Capital Management LLC | $929.1M |
| New Mountain Net Lease Partners II, L.P. | New Mountain Finance Advisers, L.L.C. | $918.5M |
| MacQuarie Real Estate Partners Scsp | Mam Americas, Inc. | $913.6M |
| West Street Real Estate Credit Partners IV Offshore Unlevered, Slp | Goldman Sachs Asset Management, L.P. | $911.7M |
| Rockwood Income and Credit Partners VI, LP | Rockwood Capital, LLC | $911.6M |
| Blackstone Real Estate Partners X.te.1 L.P. | Blackstone Real Estate Advisors L.P. | $910M |
| Praedium X Middle-Income Housing Fund, L.P. | The Praedium Group LLC | $909M |
| Unison Midgard Fund LP | Unison Investment Management, LLC | $908.8M |
| Sre Opportunity Fund IV, L.P. | Singerman Real Estate Management Company, L.P. | $904.8M |
| Aif Properties Limited | Global Forest Partners LP | $904.4M |
| Gpif 3peat Partners, LP | Crescent Real Estate LLC | $897.3M |
| Bain Capital Real Estate Fund Iii-B, LP | Bain Capital Real Estate, LP | $895.8M |
| Invictus Opportunity Fund III, L.P. | Invictus Capital Management, LP | $894.1M |
| European Opportunistic Property Fund IV Master LP | JPMorgan Asset Management (UK) Limited | $894M |
| Apollo European Principal Finance Fund III (dollar A), L.P. | Apollo Capital Management, L.P. | $890.4M |
| Greystar Credit Opportunities Fund II, LP | Greystar Investment Group, LLC | $890.2M |
| Kkr Real Estate Partners Europe II (usd) Scsp | Kohlberg Kravis Roberts & Co. L.P. | $886.8M |
| Kennedy Lewis Residential Property Income Company LP | Kennedy Lewis Management LP | $886.8M |
| Rockpoint Residential Investment Holdings-N, L.P. | Rockpoint Group, L.L.C. | $886.7M |
| Bdt & Msd Real Estate Credit Opportunity Fund III, L.P. | Msd Partners, L.P. | $885.9M |
| Liberty Bell-H Portfolio, L.P. | Bell Partners Investment Manager, LLC | $883M |
| Blackchamber Real Estate Opportunity Fund II, LP | Black Chamber Partners, LLC | $882.5M |
| Core Property Industrial Fund LLC | Idr Investment Management, LLC | $880.4M |
| Stepstone Real Estate Partners V Europe Scs | Stepstone Group Real Estate LP | $878.5M |
| Rockpoint Real Estate Fund V, L.P. | Rockpoint Group, L.L.C. | $873.1M |
| Bain Capital Real Estate Fund Iii-C, LP | Bain Capital Real Estate, LP | $872.5M |
| Meadow Real Estate Fund V LP | Meadow Capital Management LLC | $869.8M |
| Glp Brazil Development Partners II | Ares Management LLC | $863.7M |
| McR Hospitality Fund II LP | McR Fund Management LLC | $862.4M |
| Carlyle Europe Realty Fund II | Carlyle Investment Management L.L.C. | $862.2M |
| US Logistics Partners IV LP | Ares Management LLC | $861.5M |
| BlackRock US Commercial Real Estate Whole Loan Fund L.P. | BlackRock Financial Management, Inc | $861.4M |
| Dw Efq1 Holdco, LP | Divco West Real Estate Services, LLC | $859.9M |
| Bridge Opportunity Zone Fund II LP | Bridge Multifamily Fund Manager LLC | $859.4M |
| Brookfield Strategic Real Estate Partners Ii-C L.P. | Brookfield Asset Management Pic US, LLC | $857M |
| Bridge Debt Strategies Fund Iv-R LP | Bridge Multifamily Fund Manager LLC | $857M |
| Lm Logistics REIT LP | Affinius Capital Advisors LLC | $856.4M |