| Blackstone Real Estate Partners Viii.te.2 L.P. | Blackstone Real Estate Advisors L.P. | $850.9M |
| Gid Industrial Value Fund LP | Gid Multifamily Investment Management LLC | $849.8M |
| Greystar Loan Origination Fund I, LP | Greystar Investment Group, LLC | $849.8M |
| Kkr Real Estate Partners Americas III Scsp | Kohlberg Kravis Roberts & Co. L.P. | $848.9M |
| Whitman/Peterson Partners V, LP | Whitman/Peterson, LLC | $848.8M |
| Blackstone Real Estate Partners VII L.P. | Blackstone Real Estate Advisors L.P. | $843.1M |
| Carlyle Realty Partners X | Carlyle Investment Management L.L.C. | $841.2M |
| Bsp Sma-W Origination Fund, L.P. | Benefit Street Partners L.L.C. | $835.2M |
| Securespace Property Partners-A LP | Ares Management LLC | $835.2M |
| H.i.g. Europe Realty Partners III (us$), L.P. | H.i.g. Capital, LLC | $833.9M |
| Bain Capital Real Estate Fund Ii-B, L.P. | Bain Capital Real Estate, LP | $832.8M |
| Island Nyc Recovery Fund I L.P. | Island Investment Management LLC | $828.6M |
| Nuveen Cpace Lending Fund III LP | Nuveen Alternatives Advisors LLC | $827.3M |
| Bentallgreenoak Europe Secured Lending III LP | Bgo US Real Estate LP | $823.5M |
| Blackstone Real Estate Partners X.te.2 L.P. | Blackstone Real Estate Advisors L.P. | $823.1M |
| Big Real Estate Fund II, L.P. | Basis Management Group LLC | $823M |
| Raith Real Estate Fund IV LP | Raith Capital Partners, LLC | $822M |
| Bridge Workforce and Affordable Housing Fund Ii-R LP | Bridge Multifamily Fund Manager LLC | $821.4M |
| Sih Debt Opportunities Fund II, L.P. | Sabal Investment Advisors, LLC | $821M |
| Artemis Real Estate Partners Debt Fund, L.P. | Artemis Real Estate Partners, LLC | $817.6M |
| Blackstone Real Estate Partners Asia II (lux) Scsp | Blackstone Real Estate Advisors L.P. | $816.7M |
| Dw G Holdco, LP | Divco West Real Estate Services, LLC | $813.7M |
| Pennybacker V, LP | Pennybacker Capital Management, LLC | $812.6M |
| Realterm Logistics Fund IV, LP | Realterm Transportation LLC | $809.1M |
| Invesco Real Estate - UK Residential Fund, Fcp-Raif | Invesco Real Estate Management S.à R.l. | $808.3M |
| Dw Cal, LLC | Divco West Real Estate Services, LLC | $806.6M |
| Ares Real Estate Mexico Fondo III 4958 | Ares Management LLC | $806.5M |
| Island Recovery Fund IV L.P. | Island Investment Management LLC | $806M |
| Starwood Australian Real Estate Debt Finance I Trust | Starwood Capital Group Management, L.L.C. | $804.9M |
| Pccp Credit XI (pf), LP | Pccp, LLC | $804.5M |
| Jamestown 31 L.P. & Co.geschlossene Investment Kg | Jamestown, L.P. | $803.9M |
| Tishman Speyer European Core Fund Fcp-Sif | Tishman Speyer Properties, L.P. | $797.9M |
| Asana Partners Fund I, LP | Asana Partners, LP | $794M |
| Bds IV Black Bridge LP | Bridge Multifamily Fund Manager LLC | $793.8M |
| Bds IV Blue Bridge LP | Bridge Multifamily Fund Manager LLC | $793.8M |
| Meadow Recovery Fund LP | Meadow Capital Management LLC | $791.7M |
| Cabot Industrial Core Fund III, L.P. | Cabot Properties L.P. | $789.4M |
| Hammes Partners IV, LP | Hammes Realty Advisors, LLC | $786M |
| Cloud Capital US LP | Cloud Capital Advisors LLC | $780.2M |
| Breakthrough Properties Income Portfolio, L.P. | Breakthrough Services, L.L.C. | $779.4M |
| West Street Real Estate Partners (g) Feeder, L.P. | Goldman Sachs Asset Management, L.P. | $778.7M |
| Whitman/Peterson Partners IV, LP | Whitman/Peterson, LLC | $777.3M |
| Agre Debt Fund I, L.P. | Apollo Capital Management, L.P. | $777.2M |
| Dw Np Holdings, LP | Divco West Real Estate Services, LLC | $775.4M |
| Rfm Cactus Nyss LLC | Related Fund Management, LLC | $771.8M |
| Pccp Equity X (pf), LP | Pccp, LLC | $770.7M |
| Affinius Tactical Partners IV LP | Affinius Capital Advisors LLC | $770.5M |
| Stepstone K Real Estate Co-Investment Fund, LP | Stepstone Group Real Estate LP | $770M |
| Etcl Venture LP | Elmtree Funds, LLC | $767.1M |
| Bridge Logistics US Venture I Fund LP | Bridge Multifamily Fund Manager LLC | $767M |