The real estate investment trust (REIT) industry in the US is vital for enabling individuals and institutions to invest in income-generating real estate without directly owning properties. It includes publicly traded companies that manage various assets, such as commercial, residential, and industrial properties. Driven by growth in e-commerce and demographic shifts, the industry is poised for transformation. Experts predict REITs will increasingly integrate technology into operations, enhancing portfolio management and tenant relations. As demand for innovative real estate solutions rises, the industry continues to attract capital, signaling robust future opportunities.

The following investor list features a mix of venture capital and private equity firms primarily headquartered in major cities like New York and Washington, D.C. Many of these firms were founded in the late 20th century and boast sizable teams, ranging from small collectives to organizations with over 10,000 employees. Collectively, they executed over 500 deals in the real estate investment trust sector in 2024, illustrating their integral role in this dynamic industry. Each investor brings distinct strategies and insights, making them influential players in shaping the future of real estate investments.

Top 15 Real Estate Investment Trust Investors in the US

1. Blackstone

• Website: blackstone.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1985
• Headcount: 1001-5000
• Number of deals in 2024: 57
• LinkedIn: blackstonegroup

Blackstone Inc. is an investment management firm based in New York, specializing in alternative investments, including private equity, real estate, and credit solutions. Founded in 1985, Blackstone has built a reputation for delivering lasting value through its extensive portfolio and investment strategies. In the real estate sector, Blackstone has made significant moves, including the acquisition of LaSalle Hotel Properties for $4.8 billion in 2018 and Bluerock Residential Growth REIT for $3.6 billion in 2021. More recently, they completed the acquisition of Retail Opportunity Investments Corp. for approximately $4 billion in 2025. Additionally, Blackstone has provided funding for real estate developments, such as a £63 million debt facility to Oxenwood Real Estate for logistics projects in the UK. These transactions highlight Blackstone's active role in the real estate investment trust landscape, making it a key player in the industry.

2. IFC - International Finance Corporation

• Website: ifc.org
• Type: Venture Capital
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1956
• Headcount: 1001-5000
• Number of deals in 2024: 107
• LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to foster economic growth and address poverty challenges in over 100 countries. In 2024, IFC has been involved in several significant transactions within the real estate investment trust (REIT) sector, including a $412.6 million post-IPO equity raise for Brookfield India Real Estate Trust and a $150 million debt raise for FIBRA Macquarie. Additionally, they participated in debt financing for CapitaLand India Trust, further demonstrating their active role in supporting real estate investment trusts and contributing to sustainable development in the real estate sector.

3. FJ Labs

• Website: fjlabs.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 169
• LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. With a portfolio of over 1,000 companies, many achieving unicorn status, FJ Labs provides capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. Notably, FJ Labs has been actively involved in the real estate sector through its investments in Roofstock, an online platform for single-family rental investing. They participated in several funding rounds for Roofstock, including a $20 million Series B round in 2016, a $35 million Series C round in 2017, and a $7 million Series C round in 2018. These transactions highlight FJ Labs' engagement in the real estate investment space, making them a relevant player in the real estate investment trust industry.

4. Goldman Sachs

• Website: goldmansachs.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 59
• LinkedIn: goldman-sachs

Goldman Sachs is an investment bank and financial services firm founded in 1998, headquartered in New York, New York. It provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In the realm of real estate, Goldman Sachs has made significant investments, such as participating in Cadre's Series B and C funding rounds, which focus on real estate investment technology. Additionally, they were involved in debt financing for prominent real estate firms like Tishman Speyer and Fundrise, further solidifying their role in the real estate investment trust landscape. These transactions highlight Goldman Sachs' commitment to supporting innovative real estate investment platforms and established real estate entities, showcasing their active participation in the sector.

5. Kkr

• Website: kkr.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1976
• Headcount: 1001-5000
• Number of deals in 2024: 74
• LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR provides asset management solutions to institutional investors and individual clients, helping them navigate complex investment landscapes and achieve strong financial returns. In the real estate sector, KKR has made significant strides, including a strategic stake acquisition in Mirastar to bolster its European logistics platform, focusing on high-quality portfolios in key Western European cities. Additionally, KKR formed a joint venture named PULSAR IBERIA LOGISTICS to acquire logistics warehouse developments in Spain, marking their entry into the Spanish logistics sector. Most notably, KKR's recent acquisition of a portfolio of 18 multifamily assets for $2.1 billion demonstrates their active engagement in the multifamily sector, which is a critical component of the real estate investment trust landscape. KKR operates globally, leveraging its extensive expertise and resources to support its clients' investment needs, making it a key player in the real estate investment trust industry.

6. Citi

• Website: citigroup.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1812
• Headcount: 10001+
• Number of deals in 2024: 107
• LinkedIn: citi

Citigroup Inc. is a financial services company based in New York, providing a wide range of banking and investment services to individuals and businesses since its founding in 1812. With over 10,000 employees, Citi has established itself as a significant player in the financial sector. In 2024 alone, Citi was involved in 107 investments, showcasing its active investment strategy. Among its notable transactions in the real estate sector, Citi participated in the post-IPO equity raise for Independence Realty Trust, amounting to $227,125,000 on September 3, 2024. Additionally, Citi was involved in the post-IPO debt transaction for Champion REIT, raising $386,585,484 on June 8, 2021. These transactions reflect Citi's commitment to investing in real estate investment trusts and its broader strategy of supporting various sectors, including real estate.

7. Morgan Stanley

• Website: morganstanley.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1986
• Headcount: 10001+
• Number of deals in 2024: 79
• LinkedIn: morgan-stanley

Morgan Stanley is a prominent investment bank and financial services firm founded in 1986, headquartered in New York, New York. With a workforce exceeding 10,000 employees, the firm provides a wide array of services including wealth management, investment banking, and capital markets. Morgan Stanley serves a diverse clientele, including individuals, families, corporations, and governments, helping them manage and grow their financial assets. In the context of real estate investment trusts, Morgan Stanley has been involved in several notable transactions, such as the $278.6 million raised by Brookfield India Real Estate Trust in a post-IPO equity round in August 2023, and the $425 million raised by Office Properties Income Trust in a post-IPO debt transaction in January 2024. Additionally, they participated in the $519.5 million raised by Nexus Select Trust in a post-IPO secondary offering in August 2024. These transactions highlight Morgan Stanley's active role in the REIT sector, showcasing their capability to provide substantial financial support to real estate investment trusts.

8. Apollo Global Management, Inc.

• Website: apollo.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1990
• Headcount: 1001-5000
• Number of deals in 2024: 46
• LinkedIn: apollo-global-management-inc

Apollo Global Management, Inc. is an asset management firm based in New York, specializing in alternative assets and retirement solutions. Founded in 1990, the firm manages a diverse portfolio across credit, private equity, and real assets, catering to institutional investors, corporations, and individual clients. Apollo has been actively involved in the real estate sector, exemplified by their acquisition of a stake in CPI Property Group, a Luxembourg-based real estate company, for EUR 300 million. Additionally, they partnered with COIMA SGR to acquire a portfolio of eleven mixed-use properties in Milan and Rome for over €300 million, focusing on urban regeneration projects. These transactions highlight Apollo's commitment to real estate investments, making them a relevant player in the real estate investment trust industry.

9. MRI Software

• Website: mrisoftware.com
• Type: Corporate
• Headquarters: Solon, Ohio, United States (USA)
• Founded year: 1971
• Headcount: 1001-5000
• Number of deals in 2024: 4
• LinkedIn: mri-software-llc

MRI Software is a corporate investor based in Solon, Ohio, specializing in software solutions for real estate and investment management. Founded in 1971, the company has grown to serve various sectors, including residential and commercial real estate, with a focus on innovative technology solutions. In recent years, MRI Software has made several strategic acquisitions to enhance its offerings in the real estate sector. Notably, the acquisition of TCAM Asset Management in 2018 aimed to bolster its affordable housing solutions and investment management expertise. Additionally, the acquisition of MDA Property Systems in 2017 expanded its presence in the EMEA region, particularly in Africa, enhancing its property management capabilities. Other acquisitions, such as Engage Property Technology and MacMunnis, further demonstrate MRI's commitment to providing comprehensive solutions for property owners and operators, which are essential for the functioning of real estate investment trusts (REITs).

10. Wells Fargo

• Website: wellsfargo.com
• Type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 1852
• Headcount: 10001+
• Number of deals in 2024: 42
• LinkedIn: wellsfargo

Wells Fargo & Company is a financial services company based in San Francisco, California, founded in 1852. It offers a wide range of banking products, including checking and savings accounts, loans, and investment management services. In addition to serving individual consumers and businesses, Wells Fargo has been actively involved in the real estate investment trust sector. Notably, they participated in several significant debt transactions, including raising $5.38 billion for Realty Income Corporation in April 2025 and $1 billion in January 2023. They also facilitated $552.87 million for W. P. Carey in April 2023 and contributed to Segro's $1.82 billion debt raise in April 2025. These transactions highlight Wells Fargo's role as a key player in financing real estate investments, reinforcing their relevance in the real estate investment trust industry.

11. Stone Point Capital

• Website: stonepoint.com
• Type: Private Equity
• Headquarters: United States (USA)
• Founded year: 2005
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: stone-point-capital

Stone Point Capital is an investment management firm specializing in private equity and credit investment strategies, founded in 2005. The firm focuses on managing assets for institutional investors and high-net-worth individuals, delivering superior risk-adjusted returns through strategic partnerships and investment opportunities. Notably, Stone Point Capital has been involved in several significant transactions within the real estate sector, including investments in Broadstone Net Lease, a company that operates as a REIT, and Lincoln Property Company, a prominent real estate development and management firm. Additionally, their investment in Amherst Holdings, which raised $225 million, further highlights their engagement in real estate-related ventures. These activities demonstrate Stone Point Capital's commitment to the real estate investment landscape, making them a relevant player in the REIT industry.

12. Tpg

• Website: tpg.com
• Type: Private Equity
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 1992
• Headcount: 1001-5000
• Number of deals in 2024: 27
• LinkedIn: tpg-capital

TPG Inc. is a leading global alternative asset manager specializing in private equity and investment management, founded in 1992 and based in San Francisco, California. The firm manages $229 billion in assets across various sectors, including technology, healthcare, and consumer markets. TPG serves institutional investors by providing diversified investment opportunities and strategic insights to enhance their portfolios. Notably, TPG Real Estate has been active in the real estate sector, exemplified by their acquisition of TriGranit, a prominent developer and manager of retail and office assets in Central Europe, and their joint venture with Cardinal Group to acquire The Element Portfolio, a 383-bed student housing portfolio in Oregon. These transactions highlight TPG's strategic focus on real estate, further solidifying their role as a significant investor in this space.

13. Warburg Pincus LLC

• Website: warburgpincus.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1966
• Headcount: 501-1000
• Number of deals in 2024: 24
• LinkedIn: warburg-pincus

Warburg Pincus LLC is a leading global private equity firm founded in 1966, based in New York, New York. The firm specializes in growth investments and partners with management teams across various sectors, including healthcare, technology, and financial services. With over $83 billion in assets under management, Warburg Pincus has a diverse portfolio of more than 225 companies worldwide. Notably, they have been involved in significant real estate transactions, such as raising $200 million for NWP Property in February 2019 and $284 million for Piramal Realty in July 2015. These investments highlight their active participation in the real estate sector, making them a relevant player in the real estate investment trust landscape.

14. Ares Management Corporation

• Website: aresmgmt.com
• Type: Private Equity
• Headquarters: Los Angeles, California, United States (USA)
• Founded year: 1997
• Headcount: 1001-5000
• Number of deals in 2024: 32
• LinkedIn: ares-management

Ares Management Corporation is an investment management firm founded in 1997, based in Los Angeles, California. Specializing in alternative investments across credit, private equity, and real estate, Ares serves institutional investors by providing tailored investment solutions aimed at achieving attractive returns. The firm has a global presence and a diverse range of investment strategies, focusing on delivering consistent performance and value creation for its stakeholders. Notably, Ares has made significant strides in the real estate sector, including the acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business, which expanded its real estate platform to approximately $29 billion in assets under management. Additionally, Ares acquired Walton Street Capital, a real estate asset management platform, with assets valued at $2.1 billion. The firm also engaged in a joint venture with Redevco to acquire a 70% stake in the Parque Corredor Shopping Centre in Madrid, further solidifying its position in the real estate market. These transactions highlight Ares Management's active role and commitment to the real estate investment trust industry.

15. Fifth Wall

• Website: fifthwall.com
• Type: Corporate
• Headquarters: New York, New York, United States (USA)
• Founded year: 2016
• Headcount: 51-200
• Number of deals in 2024: 15
• LinkedIn: fifth-wall-ventures

Fifth Wall is a venture capital firm founded in 2016 and based in New York, specializing in technology investments for the real estate industry. The firm focuses on funding innovative technology companies that tackle critical issues such as climate change and infrastructure challenges. Fifth Wall's clients include major corporations seeking strategic insights and access to cutting-edge solutions to enhance their operations. Notable transactions include their participation in Pacaso's $125 million Series C funding round, which highlights their involvement in the real estate sector. Additionally, Fifth Wall has invested in Loft, a company that has raised substantial amounts in various funding rounds, including $425 million in Series D and $100 million in a recent venture round. These investments demonstrate Fifth Wall's commitment to supporting technology that can transform the real estate industry.

Real Estate Investment Trust Insights: Key Investors in the US

Investor	Headquarter	Size	Founded	Deals 2024
Blackstone	New York, New York, United States (USA)	1001-5000	1985	57
IFC - International Finance Corporation	Washington, D.C., District Of Columbia, United States (USA)	1001-5000	1956	107
FJ Labs	New York, New York, United States (USA)	11-50	2015	169
Goldman Sachs	New York, New York, United States (USA)	10001+	1998	59
Kkr	New York, New York, United States (USA)	1001-5000	1976	74
Citi	New York, New York, United States (USA)	10001+	1812	107
Morgan Stanley	New York, New York, United States (USA)	10001+	1986	79
Apollo Global Management, Inc.	New York, New York, United States (USA)	1001-5000	1990	46
MRI Software	Solon, Ohio, United States (USA)	1001-5000	1971	4
Wells Fargo	San Francisco, California, United States (USA)	10001+	1852	42
Stone Point Capital	United States (USA)	51-200	2005	6
Tpg	San Francisco, California, United States (USA)	1001-5000	1992	27
Warburg Pincus LLC	New York, New York, United States (USA)	501-1000	1966	24
Ares Management Corporation	Los Angeles, California, United States (USA)	1001-5000	1997	32
Fifth Wall	New York, New York, United States (USA)	51-200	2016	15

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