| Kagr Master JV, LLC | Kayne Anderson Capital Advisors, L.P. | $339.5M |
| Bcip Real Estate Associates | Bain Capital Asset Management, LP | $339.5M |
| Maxim Income REIT IV, LLC | Maxim Capital Group, LLC | $339.4M |
| Banner Oak Multifamily Enhanced Core Venture, LP | Banner Oak Capital Partners, LP | $338.5M |
| Blackstone Real Estate Partners Ix.te.2 L.P. | Blackstone Real Estate Advisors L.P. | $338.1M |
| Elion Industrial Fund II, LP | Elion Partners, LLC | $338.1M |
| Balbec Sc Evergreen Fund, L.P. | Balbec Capital Management LP | $337.8M |
| Paramount Group Real Estate Fund VIII, LP | Paramount Group Real Estate Advisor LLC | $337.8M |
| Madison International Real Estate Liquidity Fund VIII, Scs-P | Madison International Realty Holdings, LLC | $337M |
| Hcp Studio Parallel Fund a, LP | Hackman Capital Partners, LLC | $336.6M |
| Starwood Opportunity Zone Partners I-A, L.P. | Starwood Capital Group Management, L.L.C. | $335.6M |
| H.i.g. Europe Realty Partners II, L.P. | H.i.g. Capital, LLC | $333.6M |
| Nw Sohoca REIT LLC | Northwood Investors LLC | $333.4M |
| Nw Bcp REIT LLC | Northwood Investors LLC | $333.4M |
| Divco Devco Burlingame, LP | Divco West Real Estate Services, LLC | $332.1M |
| Pretium Homebuilder Finance Fund, LP | Pretium Residential Credit Management, LLC | $332.1M |
| Domain Metric Fund, LP | Dw Partners, LP | $331.9M |
| Equity Resource Fund a 2022 LLC | Equity Resource Investments, LLC | $331.8M |
| Fia Timber Growth Partners, LP | Forest Investment Associates L.P. | $331.4M |
| C-Iii Recovery Fund II L.P. | C-Iii Investment Management LLC | $331.1M |
| Apollo Asia Real Estate Fund II, L.P. | Apollo Capital Management, L.P. | $330.7M |
| Blue Vista Real Estate Partners V, L.P. | Blue Vista Capital, LLC | $330.5M |
| Bridge33 Real Estate Partners II Qp LP | Bridge33 Investment Management LLC | $329.7M |
| Landmark Real Estate Partners Viii-Campbell Co-Investment, L.P. | Ares Management LLC | $329.7M |
| Bain Capital Real Estate Fund I-B, L.P. | Bain Capital Real Estate, LP | $329.4M |
| Nw 5+b Office and Retail REIT LLC | Northwood Investors LLC | $329.2M |
| Stockbridge More Communities II, LLC | Stockbridge Capital Group, LLC | $328.1M |
| Ab Commercial Real Estate Debt Fund III, Sicav-Sif S.c.sp. | Alliancebernstein L.P. | $326.9M |
| Bgo Europe III Co-Investment LP | Bgo US Real Estate LP | $326.8M |
| Makarora Real Estate Special Situations Fund I-A LP | Makarora Management LP | $325.6M |
| Square Mile Tactical Partners Iii-A LP | Affinius Capital Advisors LLC | $325.5M |
| Jpas- Semi Liquid Assets Llc- Real Assets-A Series | Jordan Park Group LLC | $324.6M |
| Setpoint Residential Fintech Fund II L.P. | Setpoint Management LLC | $324.2M |
| Jpas- Semi Liquid Assets Llc- Real Assets Series | Jordan Park Group LLC | $323.6M |
| Etgp Samara Venture, LP | Elmtree Funds, LLC | $323M |
| Madison International Real Estate Liquidity Fund VII (intl), LP | Madison International Realty Holdings, LLC | $322.9M |
| Bres Brookfield Pci L.P. | Brookfield Asset Management Pic US, LLC | $322.8M |
| Areg Ac Makena Holdings LLC | Ares Management LLC | $320.3M |
| Ceres Farmland, LLC | Ceres Partners, LLC | $319.8M |
| Stockbridge Value Fund V Feeder, LP | Core and Value Advisors, LLC | $319.7M |
| Maxim Income REIT III, LLC | Maxim Capital Group, LLC | $319.5M |
| Miof-Ci III, L.P | Maxim Capital Group, LLC | $319.4M |
| Heritage Fields Capital Co-Investor Member, L.L.C. | Rockpoint Group, L.L.C. | $319.2M |
| Blackstone Real Estate Partners X (supplemental Account) C L.P. | Blackstone Real Estate Advisors L.P. | $318.9M |
| Bell Core Fund I, L.P. | Bell Partners Investment Manager, LLC | $318.8M |
| Blue Owl Por03 Investors JV LP | Blue Owl Real Estate Capital LLC | $318.1M |
| Bridge Debt Strategies Fund IV Slp Raif | Bridge Multifamily Fund Manager LLC | $317.5M |
| Gpif CD Partners, LP | Crescent Real Estate LLC | $317.3M |
| Harbert United States Real Estate Fund VII, L.P. | Harbert Fund Advisors, LLC | $317M |
| Starwood Value Add Fund II, L.P. | Starwood Capital Group Management, L.L.C. | $316.7M |