The release of PERE’s annual Global Investor 100 ranking of private real estate’s top allocators comes with a somber headline for asset managers: For the first time in the ranking’s history, the world’s top 100 property investors saw their total allocation to the asset class decline from the year before.

But that is far from the only intriguing takeaway from this year’s list. On this episode, we take a deep dive into the GI 100 as host Greg Dool sits with PERE’s EMEA editor Charlotte D’Souza to discuss shifts in the ranking among Asia-Pacific, European and North American investors, as well as different investor types, and what they suggest about the ongoing movement of capital in the asset class. We also hear from PERE editor Evelyn Lee about the market context behind these shifts and what participants can expect moving forward.

Later in the episode, PEI Group real estate editor-in-chief Jonathan Brasse sits with Dimme Lucassen, managing director and head of the European real estate team at capital advisory firm Evercore, for his view on the findings, the outlook for real estate and the broader relationship between transaction markets and valuations.