| Driftwood Acquisitions Partners, LP | Driftwood Advisors, LLC | $392.3M |
| Gem Realty Fund V, L.P. | Gem Capital, L.P. | $392.1M |
| Encore Housing Opportunity Fund II, L.P. | Encore Housing Opportunity Fund Investment Manager, LLC | $392M |
| Kkr Real Estate Partners Americas II L.P. | Kohlberg Kravis Roberts & Co. L.P. | $390.9M |
| Bell Institutional Fund VI, L.P. | Bell Partners Investment Manager, LLC | $389.2M |
| Iron Point Real Estate Partners IV, L.P. | Iron Point Partners, LLC | $389.1M |
| Pearlmark Mezzanine Realty Partners VI, L.P. | Prep Investment Advisers, L.L.C. | $389M |
| US Regional Logistics Program III, L.P. | Affinius Capital Advisors LLC | $387.9M |
| Caprock Logistics Development Venture (parallel) L.P. | Caprock Partners Management, Inc. | $386.9M |
| Tpg Real Estate Partners III (c), L.P. | Tpg Real Estate Advisors, LLC | $386.6M |
| Brookfield Real Estate Partners (k) L.P. | Brookfield Asset Management Pic US, LLC | $385.5M |
| Commonfund Real Estate and Infrastructure Opportunity Fund III, L.P. | Commonfund Ocio, Inc. | $383.3M |
| Recp Fund IV, L.P. | Dlj Real Estate Capital Partners, LLC | $382.7M |
| Etgp Birch Venture, LP | Elmtree Funds, LLC | $381.6M |
| Related Real Estate Fund II L.P. | Related Fund Management, LLC | $381.3M |
| Walton Park VII, L.P. | Walton Street Capital, L.L.C. | $381M |
| Stepstone Pifss Real Estate Co-Investment Fund, LP | Stepstone Group Real Estate LP | $380.9M |
| Bridge Sfr Fund IV Co-Invest LP | Bridge Multifamily Fund Manager LLC | $380.3M |
| Rockwood Capital Real Estate Partners Fund XII, LP | Rockwood Capital, LLC | $380.1M |
| Balbec Igcf VI Annex Fund, L.P. | Balbec Capital Management LP | $379.8M |
| Cloud Capital Lux Dp 1 Scsp | Cloud Capital Advisors LLC | $379.4M |
| Cal Hearthstone Public Builder Lot Option, LLC | Hearthstone Inc., a California Corporation | $378.7M |
| Turnbridge Equities Real Estate Fund II LP | Turnbridge Re Fund Management Company I LLC | $378.4M |
| Rb Partners I LLC | Rockbridge Capital, LLC | $378.1M |
| Palace Mortgage Fund II, L.P. | Balbec Capital Management LP | $377.5M |
| Bgo Europe Core Plus Logistics II, Scsp Sicav-Raif | Bgo US Real Estate LP | $377.3M |
| Eph Redevelopment Co-Invest, L.P. | Edge Principal Advisors, LLC | $376.8M |
| Avanath Affordable Housing Renaissance Parallel Fund, L.P. | Avanath Capital Management, LLC | $375.9M |
| B33 Re Partners Investments III LLC | Bridge33 Investment Management LLC | $375.4M |
| European Opportunistic Property Fund IV Feeder LP | JPMorgan Asset Management (UK) Limited | $375.2M |
| Bpp Asia at Co-Investment - C L.P. | Blackstone Property Advisors L.P. | $373.3M |
| Balbec Ca Asset Credit Fund, LP | Balbec Capital Management LP | $371.5M |
| Acre Multifamily IV REIT, LLC | Acre Manager, LLC | $370.8M |
| Conservation Forestry Capital IV, LP | Conservation Resource Partners, LLC | $370.8M |
| Sp V - II LLC | Rethink Capital Partners, LLC | $370.1M |
| Realterm Europe Logistics Income Fund, Scsp | Realterm Transportation LLC | $369.7M |
| Bain Capital Real Estate Life Science Fund - B L.P. | Bain Capital Real Estate, LP | $369.7M |
| Dw U Holdco, LP | Divco West Real Estate Services, LLC | $368.2M |
| B33 Re Partners Investments II LLC | Bridge33 Investment Management LLC | $368M |
| Invictus Opportunity Fund II, L.P. | Invictus Capital Management, LP | $367.8M |
| Rxr Re Vaf - Fund III Parallel a LP | Rxr Asset Management LLC | $366.6M |
| Etgp Pine Venture, LP | Elmtree Funds, LLC | $366.2M |
| Bentallgreenoak US Parallel Iv-F, LP | Bentallgreenoak (u.s.) Limited Partnership | $364.7M |
| Eightfold Real Estate Capital Fund VI, L.P. | Eightfold Real Estate Capital, L.P. | $364.2M |
| Balbec Mortgage Strategies Fund, L.P. | Balbec Capital Management LP | $363.5M |
| Core Re Strategies I LLC | Related Fund Management, LLC | $363.4M |
| Cross Lake Real Estate Master Fund III LLC | Cross Lake Partners LP | $363.2M |
| U.S. Office Holdings Account, L.P. | Tishman Speyer Properties, L.P. | $362.2M |
| Bridge Sfr Fund IV Co-Invest Feeder LP | Bridge Multifamily Fund Manager LLC | $361.7M |
| Setpoint Credit Fund III L.P. | Setpoint Management LLC | $360.8M |