PIMCO’s real estate platform is one of the largest and most diversified in the world, with $169+B (1) in assets as of 31 Dec 2025. 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.
PIMCO real estate platform by the numbers (1)
$169+B real estate AUM including:
- $79B private equity
- $36B private debt
- $52B public debt
- $2B public equity
280+ real estate specialists
35 global offices with real estate experts on the ground
*All data as of 12/31/2025. Assets are quoted on Gross Asset Value (GAV basis) and include $91.9 billion (as of 31 December 2025) in assets managed by PIMCO Prime Real Estate (formerly Allianz 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. Count of employees and offices includes those of PIMCO Prime Real Estate, ©2026, PIMCO.
Investment principles & strategy
The PIMCO real estate platform offers strategies across public and private markets and in both equity and debt (all data as of end Dec 2025):
- Real estate credit: PIMCO’s 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.
- 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 15+ years.
- Public real estate: As part of broader mandates, PIMCO manages $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. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660 | 800.387.4626. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2026, PIMCO.
