Please note that due to a duplication of the “Estimated Yield to Maturity” value in the “Current Yield” value in certain Fund Factsheets and Monthly Commentaries for some sub-funds of PIMCO Funds: Global Investors Series plc available from 16 January 2026 to 6 February 2026, the December 2025 Fund Factsheets and Monthly Commentaries have been updated and published. Should you require the latest versions or have any queries, kindly contact ShareholderServicesAsia@pimco.com.

Investment Strategies

Real Estate Investing

Aim to Elevate Your Clients' Portfolios with PIMCO Real Estate Solutions

With over $169B+ in AUM and 280+ real estate professionals across 35 offices, we are one of the largest and most diversified real estate managers in the world, investing across core, core-plus, value-add, and opportunistic assets to bring a broad set of investment strategies to your clients.^*

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 over $54B in public real estate assets. Investments include CMBS, CRE CDOs, secured and unsecured debt, and REIT preferred/common equity.

^*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.

PIMCO is honored to have been named PERE's 2025 Data Center Firm of the Year - Europe.

Data Center Firm of the Year – Europe was awarded to PIMCO. As of 2 March 2026, based on calendar year 2025. Private Equity Real Estate (PERE) shortlists firms for Data Center Firm of the Year – Europe based on two main factors: [1] submissions from the industry [which PERE calls for every year] and [2] editorial team expertise, drawn from PERE's coverage and conversations with sources, and award recipients are selected based on number of votes received by industry peers. Compensation was not provided by PIMCO for obtaining or using the Data Center Firm of the Year – Europe.

PIMCO Real Estate

Top-Tier Sourcing

Leverage our scale and market presence, which strengthens our sourcing capabilities across brokers and local operating partners.

Structuring Expertise

Potentially benefit from our ability to provide creative solutions for complex investment situations by combining PIMCO's structured credit and analytics capabilities with deep asset-level expertise.

Robust Platform Integration

Tap into PIMCO's broader resources such as macroeconomic analysis and credit research and risk management processes, as well as our integrated alternatives financing platform.

Resources

Explore a range of real estate insights, resources, and perspectives designed to help you stay informed about global market developments.

- Real Estate Views of 2026: Navigating Structural Uncertainty with Discipline pdf Updated: 13/1/2026
- Bend, Not Break: Investing in Real Estate Amid Economic Uncertainty pdf Updated: 25/6/2025

More to Know

Explore Insights

Real Estate Outlook

Real Estate: From Repricing to Relevance

Commercial real estate is entering a new phase. Artificial intelligence and geopolitical volatility are reshaping how physical space is used and valued.

Economic and Market Commentary

Real Estate Reset: Durable Income in a Shifting Market

Explore how today’s real estate market offers a rare combination of high yields, risk mitigation, and upside potential. PIMCO experts break down what’s changed in real estate lending, what remains resilient, and how active management is redefining success in both equity and credit strategies.