PIMCO’s real estate platform is one of the largest and most diversified in the world, with $166B in assets. Drawing upon a vast market presence, proprietary investment processes and deep asset level expertise, we aim to deliver differentiated insights and a broad set of solutions across the real estate platform investment spectrum.
The PIMCO real estate platform offers strategies across public and private markets and in both equity and debt.
PIMCO real estate platform by the numbers1:
$166bn real estate AUM, including:
- $77.6bn private equity
- $35.2bn private debt
- $51.6bn public debt
- $1.6bn public equity
- 115+ acquisition and origination investment professionals
- 140+ asset management professionals
- 31 global offices in 20 countries with real estate experts on the ground
As of 30 June 2026. All figures in USD. 1AUM includes $89.2B in estimated gross assets managed by PIMCO Prime Real Estate, which includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.
Investment principles and strategy
The PIMCO real estate platform offers strategies across public and private markets and in both equity and debt: (all data as of end December 2025):
- Real Estate Equity: We invest in real estate equity across the risk spectrum, from core and core+ to opportunistic and special situations strategies. Our platform combines the expertise of PIMCO Prime Real Estate in high-quality, performing core /core+ investing, with the higher-yielding, opportunistic focus that PIMCO has developed over the past two decades.
- Real Estate Credit: Our credit-based strategies seek to capitalize on opportunities across the real estate lending markets. PIMCO invests in senior loans, mezzanine loans, participating debt, B-notes, loan portfolio term financing, construction loans, structured, sub- and non-performing loans, and distressed debt. PIMCO Prime’s European real estate debt platform invests Senior Core (best-in-class core prime real estate) and Senior Enhanced (transitional/construction prime real estate) loans secured by institutional-quality real estate across prime Eurozone and OECD markets and is diversified across office, logistics, residential and retail sectors. The strategy focuses on high-quality collateral, blue-chip sponsors and a mix of Core/Core+ and light transitional opportunities, aiming to generate stable income with strong downside protection.
Public Real Estate: As part of broader mandates, PIMCO manages over $54B in public real estate assets. Investments include CMBS, CRE CDOs, secured and unsecured debt, and REIT preferred/common equity.
Compliance statement
This material is provided for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy interests in any PIMCO trading strategy or investment. The investment strategies discussed are speculative and involve a high degree of risk, including loss of some or all capital. Statements on financial market trends are based on current market conditions, which will fluctuate. The views expressed are those of PIMCO and are subject to change without notice. There is no guarantee that these views are correct or that these trends will continue. PIMCO has no obligation to update the information contained herein. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2026, PIMCO.
Assets are quoted on Gross Asset Value (GAV basis) and include $89.2 bn (as of 30 June 2026) in assets managed by PIMCO Prime Real Estate, an affiliate and wholly-owned subsidiary of PIMCO and PIMCO Europe GmbH that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through PIMCO LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.
