Investment Strategies

Real Estate Investing

PIMCO Real Estate

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.^*

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.

^*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.

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: 1/13/2026

Aim to Elevate Your Portfolio with PIMCO Real Estate Solutions

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.^*

^*As of December 31 2025

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.

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.

Accrued Interest

Commercial Real Estate Reset: Finding Value Across Debt and Equity

Commercial real estate is one of the few asset classes that went through a relatively recent recession and still offers attractive valuations, whether through lending or owning.

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.

View From the Investment Committee

Making Sense of Private Markets: Liquidity, Risk and Opportunity

Group CIO Dan Ivascyn discusses how investors should examine liquidity and economic sensitivity across public and private markets.

Accrued Interest

Bent, not Broken: Uncovering Value in Commercial Real Estate

Join PIMCO's Russ Gannaway, Seray Incoglu and Gino Gabbianelli, alongside host Greg Hall, as they walk through the recent evolution of commercial real estate and where they see opportunity today. From sector selection to the balance of public and private strategies, they explore how advisors can help clients access durable income and long-term value amid ongoing economic uncertainty.

Real Estate Outlook

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