'The Great Wall of Money' has been tracking the amount of newly raised capital targeting commercial real estate globally since the onset of the financial crisis. The report monitors capital available predominantly from funds, listed companies and institutions and explores the geographies and asset types it targets. In 2017 the total global wall of money (debt and equity) targeting direct real estate fell for the first time since 2011 to $435bn, a 2% drop over 2016. However, current levels are the second highest on record, reflecting the extraordinary rise in capital targeting the sector in this cycle.

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