Merger mania has gripped the real estate fund management industry, as firms fight over more selective institutional clients. Bavaria-based Patrizia Immobilien, for example, bought three companies over the past year and more than doubled its assets under management to $49 billion. Last year Aberdeen Asset Management and Standard Life merged in a $4.7 billion deal. Driving the trend: several institutional clients like pension funds have decided to work with fewer fund managers, making it harder […]
source https://therealdeal.com/2018/03/28/merger-mania-grips-real-estate-fund-managers/
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