| Starwood Distressed Opportunity Fund Xii-C, L.P. | Starwood Capital Group Management, L.L.C. | $299.9M |
| Maxim Income Opportunity Fund I, L.P. | Maxim Capital Group, LLC | $299.8M |
| Maxim Income REIT, LLC | Maxim Capital Group, LLC | $299.7M |
| Blackstone Mileway Logistics (lux) Scsp | Blackstone Property Advisors L.P. | $299M |
| Rockbridge Portfolio Fund I L.P. | Rockbridge Capital, LLC | $298M |
| Argosy Real Estate Opportunity Zone I, L.P. | Argosy Capital Group, LLC | $297.8M |
| Waterton Residential Property Venture XIV Non-U.s., L.P. | Waterton Investment Adviser, L.L.C. | $297.7M |
| Metropolitan Real Estate Partners Secondaries Fund II, L.P. | Bentallgreenoak Strategic Capital Partners LLC | $297.4M |
| Bain Capital Real Estate Retail Sidecar-A, L.P. | Bain Capital Real Estate, LP | $297.2M |
| Blackstone City Property Co-Investment Partners II L.P. | Blackstone Property Advisors L.P. | $296.8M |
| Fitzcarraldo Funding LLC | Guggenheim Partners Investment Management, LLC | $295.2M |
| Csim Aligned Investment, L.P. | Centersquare Investment Management LLC | $295M |
| Metropolitan Real Estate Partners Secondaries Eui-Ii, L.P. | Bentallgreenoak Strategic Capital Partners LLC | $295M |
| Cs Scholar, LLC | Apg Asset Management US, Inc | $294.8M |
| Gs Gepe II Sidecar III LP | Greystar Investment Group, LLC | $293.9M |
| Sterling United Properties II, LP | Sterling Investment Management, LLC | $293.9M |
| Sculptor Real Estate Credit Fund II, LP | Sculptor Capital LP | $293.4M |
| Stockbridge Real Estate Fund Iii-C, LP | Stockbridge Capital Group, LLC | $293.4M |
| Japan Development Partners III L.P. | Ares Management LLC | $293M |
| Stepstone Gamma Real Estate Co-Investment Partnership LP | Stepstone Group Real Estate LP | $292.6M |
| Rfm Affordable Housing Fund LP | Related Fund Management, LLC | $292.6M |
| Strategic Partners Real Estate VIII (lux) Scsp | Strategic Partners Fund Solutions Advisors L.P. | $292.5M |
| Commonfund Real Estate Opportunity Fund II, L.P. | Commonfund Ocio, Inc. | $292.5M |
| Prime Finance Cmbs B-Piece Fund I, L.P. | Prime Finance Advisor, L.P. | $292.5M |
| Stepstone Real Estate Partners III I Opportunities Fund, LP | Stepstone Group Real Estate LP | $291.7M |
| Bgo US III Maverick Co-Investment LP | Bgo US Real Estate LP | $291.3M |
| Bridge Workforce & Affordable Housing Fund III LP | Bridge Multifamily Fund Manager LLC | $288.5M |
| Pennybacker Eiv, LP | Pennybacker Capital Management, LLC | $288.1M |
| Long Wharf Real Estate Partners VI, L.P. | Long Wharf Capital LLC | $287.9M |
| Resource Land Fund V, LP | Resource Land Holdings, LLC | $287.3M |
| Rxr-Us Qualified Opportunity Zone Fund II LLC | Rxr Asset Management LLC | $287.3M |
| Dref III 2022 LP | Dune Real Estate Partners LP | $287M |
| Campa Funding LLC | Guggenheim Partners Investment Management, LLC | $285.7M |
| Stepstone Real Estate Insurance Fund Series of the Sali Multi-Series Fund, L.P. | Stepstone Group Real Estate LP | $284.6M |
| West Street US Real Estate Partners (g), L.P. | Goldman Sachs Asset Management, L.P. | $284.1M |
| Affinius Tactical Partners Iv-A LP | Affinius Capital Advisors LLC | $283.8M |
| Blackstone Real Estate Partners Vii.te.3 L.P. | Blackstone Real Estate Advisors L.P. | $283.5M |
| Apollo European Principal Finance Fund IV (master Euro B1), L.P. | Apollo Capital Management, L.P. | $282.3M |
| Acore Opportunistic Credit II REIT, Inc. | Acore Capital, LP | $281.8M |
| Lubert-Adler Enhanced Private Credit Fund I, L.P. | Lubert-Adler Management Company, L.P. | $280.9M |
| Starwood Opportunity Fund X International, L.P | Starwood Capital Group Management, L.L.C. | $280.2M |
| Dw-Or Partners, LP | Divco West Real Estate Services, LLC | $279.7M |
| Clarion Europe Sale-Leaseback Fund III | Clarion Partners, LLC | $279.6M |
| Dynasty Acquisition Vehicle | Ares Management LLC | $278.6M |
| Blue Owl Digital Infrastructure Fund Iii-B (cayman Aiv) LP | Blue Owl Real Estate Capital LLC | $278.5M |
| Forum Structured Finance LP | Forum Capital Advisors LLC | $278.5M |
| Bsrep IV Obsidian Ci C L.P. | Brookfield Asset Management Pic US, LLC | $277.8M |
| Pomokaira, Scsp Sicav-Raif - Epf IV Compartment | Apollo Capital Management, L.P. | $277.3M |
| Equity Resource Fund 2020 LLC | Equity Resource Investments, LLC | $276.4M |
| McR Hospitality Fund IV LP | McR Fund Management LLC | $276.1M |