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Public Comps and Valuation Multiples for Real Estate Development

Benchmark revenue and EBITDA valuation multiples for public comps like
Prologis, Vingroup, Samsung C&T, Sun Hung Kai Properties and D.R. Horton.

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Real Estate Development

Viewing 25 of 637 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Prologis	$123B	$161B	$8.5B	18.9x	23.8x
Vingroup	$65B	$74B	$13B	5.8x	49.4x
Samsung C&T	$42B	$45B	$33B	1.4x	12.9x
Sun Hung Kai Properties	$39B	$49B	$12B	4.2x	12.4x
D.R. Horton	$38B	$44B	$33B	1.3x	10.3x
Goodman Group	$37B	$38B	$2.3B	16.4x	19.4x
Emaar Properties	$27B	$26B	$14B	1.8x	3.8x
China State Construction Engineering	$27B	$161B	$305B	0.5x	10.8x
China Resources Land	$27B	$71B	$36B	2.0x	10.5x
Mitsubishi Estate	$27B	$44B	$12B	3.7x	14.8x
Mitsui Fudosan	$24B	$56B	$17B	3.2x	15.8x
PulteGroup	$22B	$23B	$17B	1.4x	7.9x
CK Asset Holdings	$20B	$20B	$8.2B	2.4x	8.5x
Lennar	$19B	$23B	$32B	0.7x	10.6x
China Overseas Land & Investment	$18B	$40B	$25B	1.6x	13.1x
Swire Properties	$18B	$23B	$2.3B	10.0x	19.1x
Aldar Properties	$17B	$23B	$10B	2.3x	7.2x
DLF	$17B	$17B	$952M	17.4x	74.1x
Daiwa House Industry	$17B	$37B	$37B	1.0x	8.4x
Henderson Land	$16B	$26B	$3.6B	7.2x	24.1x
NVR	$16B	$16B	$9.6B	1.7x	11.3x
Swire Pacific	$16B	$32B	$12B	2.6x	14.9x
Keppel	$15B	$24B	$5.4B	4.3x	23.2x
Unibail-Rodamco-Westfield	$14B	$43B	$2.4B	17.7x	-
Emaar Development	$14B	$2.9B	$8.2B	0.4x	0.7x
Omega Healthcare Investors	$14B		$1.1B
Sekisui House	$14B		$27B
Modon Holding	$13B		-
Toll Brothers	$13B		$11B
Swiss Prime Site	$11B		$613M
Lodha Developers	$11B		$1.9B
Skanska	$11B		$18B
Poly Real Estate	$10B		$41B
China Merchants Shekou Industrial Zone Holdings	$10B		$22B
Shimizu	$9B		$14B
Merlin Properties	$8.5B		$637M
Hulic Co	$8.1B		$5.5B
PSP Swiss Property	$7.8B		$430M
CPI Property Group	$7.2B		-
SM Prime Holdings	$7.2B		$2.2B
China Vanke	$7B		$28B
Stockland	$6.9B		$2.6B
CTP	$6.9B		$998M
FIBRA Prologis	$6.8B		$698M
Janus Living	$6.8B		$873M
Prestige Estates Projects	$6.7B		$1.5B
Land Securities Group	$6.7B		$807M
Umm Al Qura	$6.5B		-
Daito Trust Construction	$6.4B		$13B
Vornado Realty Trust	$6.3B		$1.9B
FUNO	$6.3B		$1.8B
NEPI Rockcastle	$6B		$795M
GPT Group	$5.9B		$677M
Mega Or Holdings	$5.9B		-
Gek Terna	$5.8B		$3.5B
Sagax	$5.8B		$566M
Barratt Redrow	$5.8B		$8.1B
Ezdan Holding Group	$5.7B		-
LondonMetric Property	$5.5B		$628M
Balder	$5.4B		$1.5B
Jabal Omar Devlopment	$5.4B		-
Dar Alarkan Real Estate	$5.4B		$1.2B
Persimmon	$5.3B		$5.2B
Castellum	$5.2B		$944M
Ayala	$5.2B		$6B
Warehouses De Pauw	$5.1B		$550M
Longfor Group Holdings	$4.8B		$12B
Mirvac Group	$4.8B		$1.6B
Mabanee	$4.7B		$431M
RBR Desenvolvimento	$4.7B		-
Cavco Industries	$4.5B		$2.3B
Dubai Residential	$4.5B		$527M
Howard Hughes Holdings	$4.2B		$1.9B
Meritage Homes	$4.2B		$5.5B
Dexus	$4.1B		$518M
Makkah Construction	$4.1B		$332M
Tanger	$4B		$589M
GSW Immobilien	$3.9B		-
LEG Immobilien	$3.9B		$1.1B
Chandra Daya Investasi	$3.9B		$207M
Berkeley Group	$3.8B		$3B
St. Joe	$3.7B		-
Taylor Wimpey	$3.7B		$5.1B
Allreal Holding	$3.7B		$346M
Fibra Educa	$3.5B		$270M
Talaat Moustafa Group	$3.5B		-
M/I Homes	$3.4B		$4.2B
Shanghai Lingang Holdings	$3.3B		$1.2B
Shaftesbury Capital	$3.3B		$237M
Curbline Properties	$3.3B		$238M
Greenland Holdings	$3.2B		-
UNITE Group	$3.1B		$492M
Bellway	$3.1B		$4.1B
Pattern Group	$3.1B		$3.2B
Pandox	$2.9B		$716M
Mobimo Holding	$2.9B		$359M
Green Brick Partners	$2.9B		$2B
KB Home	$2.8B		$5.2B
Heijmans	$2.8B		$3.5B
Gav-Yam Lands	$2.7B		-
Tidhar Group	$2.5B		-
Fibra Danhos	$2.5B		$444M
Redefine Properties	$2.5B		$534M
Taiba Investments	$2.4B		-
AFI Properties	$2.4B		-
CPI Europe	$2.4B		$862M
TAG Immobilien	$2.3B		$423M
Catena	$2.3B		$303M
Wallenstam	$2.3B		$320M
IWG	$2.2B		$3.9B
Emaar the Economic City	$2.2B		-
Investis Holding	$2.2B		$149M
Barwa Real Estate	$2.2B		-
CA Immo	$2.2B		$261M
Vukile Property Fund	$2.2B		$261M
Hufvudstaden	$2.1B		$247M
Wihlborgs Fastigheter	$2.1B		$490M
Lumo	$2.1B		$551M
Fabege	$2.1B		$364M
Aroundtown	$2B		$1.8B
Reysas GYO	$2B		-
Argan SA	$1.9B		$250M
FIBRA Macquarie	$1.9B		$282M
Fortress Real Estate Investments	$1.9B		$310M
Brigade Enterprises	$1.9B		$661M
Luenmei Quantum Co	$1.9B		$476M
Knowledge Economic City	$1.9B		-
Torunlar GYO	$1.9B		$334M
Cyrela Brazil	$1.9B		$1.9B
Cairn Homes	$1.8B		$1.2B
Ziraat GYO	$1.8B		-
Airport City	$1.8B		-
Sirius Real Estate	$1.8B		$268M
FII Ancar IC	$1.8B		-
Neinor Homes	$1.8B		$1.7B
Metrovacesa	$1.8B		$839M
Entra	$1.8B		$327M
NCC	$1.7B		$5.7B
Century Communities	$1.7B		$3.9B
Intershop Holding	$1.7B		$177M
Jeudan	$1.7B		-
Realia Business	$1.7B		-
Goodman New Zealand	$1.6B		$112M
Cury Construtora	$1.6B		$1.2B
Intea Fastigheter	$1.6B		$179M
SUNAC	$1.6B		$5.9B
Aura Investments	$1.6B		-
Hyprop Investments	$1.6B		$267M
Kinea Rendimentos FII	$1.5B		-
HIAG Immobilien Holding	$1.5B		$282M
Kuwait Real Estate	$1.5B		-
PPI Public Property	$1.5B		$311M
ISRAEL CANADA	$1.5B		-
Saudi Real Estate	$1.5B		$501M
Deutsche EuroShop	$1.5B		$318M
JHSF	$1.5B		$632M
Dom Development	$1.5B		$945M
Atrium Ljungberg	$1.5B		$319M
Emlak Konut	$1.4B		-
Grand City Properties	$1.4B		$694M
Kinea Indices Precos	$1.4B		-
Dar Global	$1.4B		$623M
Zug Estates Holding	$1.4B		$113M
NP3 Fastigheter	$1.4B		$250M
Grupo Gmp	$1.3B		-
Emaar Misr	$1.3B		$468M
Glenveagh Properties	$1.3B		$1.2B
Cham Swiss Properties	$1.3B		$55M
Douja Promotion Groupe	$1.3B		$295M
Forestar Group	$1.3B		$1.7B
Rönesans GYO	$1.3B		$377M
Reit 1	$1.3B		-
Altra Fastigheter	$1.3B		$355M
TAG Colonia-Immobilien	$1.3B		-
Blue Square Real Estate	$1.2B		-
TLG Immobilien	$1.2B		-
GemLife	$1.2B		$257M
Lamda Development	$1.2B		$709M
Solidere	$1.2B		-
Aedas Homes	$1.1B		$1.3B
Suzhou New District	$1.1B		$800M
Azorim	$1.1B		-
EPIC Suisse	$1.1B		$87M
LGI Homes	$1.1B		$1.8B
Retal	$1.1B		-
Altareit	$1.1B		-
XP Malls FII	$1.1B		-
Country Garden Holdings	$1.1B		$14B
United Real Estate Company (URC)	$1.1B		-
Plazza	$1.1B		$50M
Vistry Group	$1.1B		$5.3B
Develia	$1.1B		$687M
Bangun Kosambi Sukses	$1B		-
Lighthouse Properties	$1B		-
FII CSHG Logistica	$1B		-
Riyadh Development Company	$1B		-
Yeni Gimat GYO	$1B		-
Growthpoint Properties	$1B		$218M
Direcional	$1000M		$976M
CPI FIM	$995M		-
Cibus Nordic Real Estate	$994M		$229M
Abacus Storage King	$981M		$164M
Dream Finders Homes	$973M		$4.2B
Villar International	$966M		-
DigiCo REIT	$959M		$157M
Africa Israel Residences	$929M		-
Rami Levi Hashikma	$928M		-
Center	$915M		$256M
Argo Properties	$904M		-
$Infracore logo$ Infracore	$901M		-
S P Setia	$891M		$1.1B
Deyaar Development	$888M		$553M
GAG Immobilien	$872M		-
Sedlmayr Grund	$871M		-
RAK Properties	$849M		$427M
Kinea Renda	$842M		-
MAS	$841M		-
HMC Capital	$836M		$213M
Kiwi Property Group	$835M		$112M
National Real Estate Company	$830M		-
GMR Power and Urban Infra	$829M		$762M
Embassy Developments	$811M		-
Naphtha Israel Petroleum	$810M		-
Prashkovsky Investments	$806M		-
Maxi Renda Fundo Invest	$804M		-
Harworth Group	$804M		$183M
Tokyu Construction	$799M		$2.2B
Dios Fastigheter	$787M		$275M
Kvutzat Acro	$781M		-
FastPartner	$763M		$228M
Anan Investment Holding	$752M		-
EZTec	$747M		$313M
Attacq Limited	$747M		$113M
Opportunity FII	$743M		-
Archicom	$734M		$535M
Platzer Fastigheter	$730M		$181M
UDC Qatar	$729M		-
National Inv Co	$723M		-
Palm Hills Developments	$718M		$757M
Aspen Group	$715M		$106M
SF Urban Properties	$713M		$35M
Warteck Invest	$713M		$75M
BASSAC	$709M		-
XP Log FII	$708M		-
MLP Group	$705M		$121M
Fundamenta Real Estate	$687M		$83M
Hovnanian Enterprises	$676M		$2.8B
ATAL	$673M		$502M
Kiler Holding	$672M		-
Property & Building Corp	$667M		-
One United Properties	$667M		$310M
Patrizia	$660M		$322M
Luzon Ronson	$656M		-
Construtora Tenda	$647M		$944M
Castleview Property Fund	$635M		-
Amos Luzon Group Development and Energy	$635M		-
Globalworth Real Estate Investments	$635M		-
Logistea	$622M		$127M
UEM Sunrise	$619M		$391M
Al Ramz Real Estate	$615M		-
Sveafastigheter	$614M		$165M
Citycon	$609M		$346M
MRV	$588M		$2.2B
GOPD	$584M		-
C C Land Holdings	$583M		-
Echo Investment	$578M		$630M
Carasso Real Estate	$578M		-
Vinci Shopping Centers	$576M		-
Yahagi Construction Co	$570M		$1B
Aradei	$565M		$80M
Samhallsbyggnadsbolaget	$553M		$247M
Emilshus	$550M		$109M
Heimar	$531M		-
Land Development	$529M		-
Capitania Securities II	$525M		-
Peet	$519M		$322M
Smith Douglas Homes	$512M		$1B
Stendorren Fastigheter	$511M		$122M
Adra GYO	$510M		-
Abacus Group	$503M		$116M
Nawi Group	$485M		-
Fiducial Real Estate	$483M		-
DREAM Unlimited	$480M		$299M
Dar AlMajed Real Estate	$474M		-
Novavest Real Estate	$470M		$51M
Is GYO	$461M		-
Hedge Brasil Shopping FII	$455M		-
Pan Jamaica Group	$452M		-
Consultatio	$447M		-
Tejon Ranch	$443M		$54M
TRX Real Estate	$439M		-
Residences Dar Saada	$437M		$51M
Avrupakent GYO	$431M		$133M
John Mattson	$411M		$73M
Hagag Group Real Estate	$409M		-
FibraShop	$406M		$146M
Prisma Properties	$405M		$67M
Eik fasteignafelag	$390M		-
FRP Holdings	$390M		-
Transcontinental Realty	$390M		-
Spear REIT	$385M		$33M
Fonciere Inea	$384M		$77M
Stenhus Fastigheter	$375M		$106M
Lifestyle Communities	$374M		$145M
Shopper Park Plus	$362M		$39M
Ozak GYO	$362M		-
Cedar Woods Properties	$361M		$369M
Heba Fastighets	$359M		$65M
Grupo Insur	$354M		$190M
ARA	$354M		$480M
ITC Properties	$354M		-
Globe Trade Centre	$349M		$235M
Dinkelacker	$345M		-
Alandalus Property	$345M		-
Nivika Fastigheter	$335M		$83M
FivePoint	$326M		-
Peach Property Group	$318M		$128M
Halk GYO	$315M		-
Instone Real Estate Group	$315M		$590M
Maui Land & Pineapple	$312M		-
Sumou Real Estate	$312M		-
Peker GYO	$306M		-
Selvaag Bolig	$300M		$356M
Dimand Real Estate	$294M		-
Trianon	$294M		$85M
FII CSHG Recebiveis	$291M		-
Deutsche Real Estate	$291M		-
Gould Investors	$289M		-
Nexity	$283M		$3B
Patria Escritorios FII	$282M		-
Helical	$280M		$24M
Besqab	$279M		$346M
Patria Malls FII	$278M		-
FSDV	$277M		-
Hedge Top Fofii 3	$271M		-
Plano & Plano	$268M		$724M
Tivio Renda Imobiliária	$265M		-
American Realty Investors	$259M		-
Red Sea International	$258M		-
EfTEN Real Estate Fund	$258M		$38M
EPH European Property	$247M		-
Kaldalon	$247M		-
JS Real Estate Multigestao FII	$247M		-
Cosmos Initia Co	$246M		$946M
Compania Espanola de	$243M		$31M
Adgar Investments & Development	$242M		-
Vitania	$239M		-
Pasifik GYO	$238M		-
Bevest	$237M		-
Neobo Fastigheter	$236M		$97M
029 Group	$235M		-
Ladun Investment Company	$229M		-
Sinpaş GYO	$226M		-
Arlandastad Group	$221M		$36M
Socovesa	$218M		-
General Shopping e Outlets do Brasil	$216M		-
Immobel	$214M		$521M
Collins Property Group	$213M		-
Investore Property	$211M		$39M
Fator Verita FII	$211M		-
Velgraf Asset Management	$210M		-
Rjdi FII	$209M		-
Omaxe	$206M		-
KlaraBo Sverige	$205M		$63M
Akfen GYO	$205M		-
ALM Equity	$205M		$133M
Pedra Negra Renda Imobiliária	$205M		-
Zublin Immobilien	$200M		-
FII TG Ativo Real	$194M		-
Comstock Holding	$193M		-
Koray GYO	$193M		-
Winton Land	$192M		$100M
Vectis Juros Real FII	$188M		-
Fibra	$186M		$147M
Gabay Group	$184M		-
Premia Real Estate	$184M		$42M
Springfield Properties	$181M		$315M
Green Towers FII	$180M		-
Even Construtora	$174M		$357M
ACRES Commercial Realty	$171M		$84M
Graphisoft Park	$165M		$21M
Maua Capital Real Estate FII	$163M		-
Jfdcam FII	$160M		-
DAP GYO	$159M		-
Genova Property Group	$159M		$57M
Valora Hedge Fund FII	$156M		-
Texaf	$153M		-
Gazit Malls FII	$153M		-
Varia US Properties	$150M		$81M
Vakıf GYO	$149M		-
Yoma Strategic Holdings	$149M		-
CBo Territoria	$148M		-
Stratus Properties	$148M		-
Parque Anhanguera FII	$146M		-
TRX Real Estate FII	$145M		-
Orilina Properties Real	$141M		-
BRPR Corporate Offices	$139M		-
FaithNetwork Co	$139M		$207M
Inclusio	$139M		$19M
FII Brasil Varejo	$138M		-
UBM Development	$135M		$190M
Fuzul GYO	$135M		-
Compañía de Inversiones La Española	$134M		-
KD	$134M		-
Asce GYO	$134M		-
Prime Office	$132M		-
Riza Akin FII	$131M		-
Roadside Real Estate	$130M		$76M
Ağaoğlu Avrasya GYO	$129M		-
Finbar Group	$129M		$140M
Daidoh	$128M		$206M
VIB Vermoegen	$124M		-
Annehem Fastigheter	$121M		$31M
Polski Holding Nieruchomości	$121M		-
Kiler GYO	$119M		-
Corpovael	$119M		$295M
Rising Stone	$118M		$90M
Kızılbük GYO	$117M		-
Shopping Patio Higienopolis FII	$117M		-
Amrep	$115M		$45M
Alpha Real Estate	$115M		-
Mig Holdings	$113M		-
Santa Ana Global	$113M		-
FCR Immobilien	$113M		$34M
Fortinova Fastigheter	$111M		-
Galata Investment	$107M		-
Lokum Deweloper	$106M		-
Crosswood	$106M		-
Fonciere Volta	$104M		-
Kinea FII	$104M		-
Star Holdings	$103M		-
Balkan and Sea Properties REIT	$103M		-
Banco Actinver	$102M		-
Seritage Growth Properties	$102M		-
Deutsche Fachmarkt	$102M		$37M
Ahes GYO	$100M		-
Bb Premium Malls FII	$100M		-
CDL Inv New Zealand	$99M		-
Park Street	$98M		-
Pandora Investments	$97M		-
Hasen-Immobilien	$96M		-
Logistic Properties of the Americas	$95M		$53M
Appeninn Vagyonkezelo	$94M		-
Zeray GYO	$94M		-
FII Rio Bravo Renda Corporativa	$93M		-
AGROB Immobilien	$93M		-
Impact Developer	$93M		$89M
Itau Total Return FII	$91M		-
Risanamento	$90M		-
Marvipol Development	$89M		-
Savur GYO	$88M		-
CGRE	$86M		-
Fast Ejendom Danmark	$86M		-
Athos Immobilien	$84M		-
Cavatina Holding	$81M		-
Asuntosalkku	$80M		$22M
Abitare In	$80M		$120M
Inpro	$76M		-
Tamawood	$75M		-
TG Core Asset	$75M		-
Tingsvalvet	$74M		-
ARCHITECTS STUDIO JAPAN	$74M		$4M
Kalleback Property Invest	$74M		-
FII Tellus Rio Bravo	$74M		-
Atenor	$73M		$131M
Sur Tatil Evleri GYO	$71M		-
Libertas	$71M		$26M
Mitre Realty	$70M		$221M
Gateway Real Estate	$70M		-
Kingston Properties	$69M		-
Town Centre Securities	$68M		$40M
Körfez GYO	$68M		-
Adese	$68M		-
K+G Complex	$67M		-
Egeyapı GYO	$66M		-
Bakirci GYO	$63M		-
Türker Proje	$62M		-
Titania Holding	$62M		$24M
Techo Hogar	$61M		-
Rebirth	$61M		-
Martı GYO	$60M		-
Toivo	$59M		$87M
J. Smart & Co.	$59M		-
Manquehue	$58M		-
Copenhagen Capital	$58M		-
Shimao Group Holdings	$57M		$4.1B
Cirmaker Technology	$56M		-
Brioschi	$56M		-
EgnsInvest Ejd Tyskland	$52M		-
New Amsterdam Invest	$52M		-
Luxera GYO	$51M		-
Nurol GYO	$51M		-
Mofast	$51M		-
Liven	$50M		$65M
Sino-Ocean Group Holding	$50M		-
Wikana	$48M		-
Krona Public Real Estate	$47M		-
Melhoramentos	$45M		-
Solnaberg Property	$45M		-
Baltic Sea Properties	$44M		-
Branicks Group	$44M		-
Batı Ege GYO	$44M		-
Rank Progress	$43M		-
GRIT Real Estate Income	$42M		-
Doxa	$42M		-
Pro Kapital Grupp	$42M		-
Mistral GYO	$41M		-
Franconofurt	$41M		-
DEMIRE Deutsche	$40M		$54M
JRH ASI	$40M		-
Edip Gayrimenkul	$39M		-
Amhult 2	$39M		-
Banimmo	$39M		$53M
Bonasudden Holding	$38M		-
Swiss Properties Invest	$38M		-
Regala Invest	$37M		-
Accentis	$36M		-
German High Street Poperties	$36M		-
LPS Brasil	$35M		$36M
Kekrops	$35M		-
Artea	$35M		-
Fleming Properties	$34M		-
Özderici GYO	$34M		-
AKKO Invest	$34M		-
K2A Knaust & Andersson	$34M		$32M
Balima	$34M		-
Cemat	$33M		-
Tayninh	$33M		-
Wiseway Group	$32M		-
Valores Simesa	$31M		-
Acrinova	$31M		-
Real Fastigheter	$29M		-
Warimpex	$29M		$24M
INVL Baltic Real Est	$27M		-
Latvian Forest	$26M		-
Preservium Property	$26M		-
NVL Baltic Farmland	$26M		-
Buergerliches Brauhaus	$26M		-
Beno Holding	$26M		$11M
Ovaro Kiinteistosijoitus	$25M		$12M
Gabetti Group	$25M		$123M
Renta Corporación	$25M		-
İhlas Gayrimenkul	$24M		-
TPL Properties	$24M		-
Conygar	$23M		-
Calgro M3 Holdings	$23M		$54M
Quilicura	$23M		-
Inmobiliaria San Patricio	$22M		-
Futura Consorcio Inmobiliario	$22M		-
AYCO Grupo Inmobiliario	$22M		-
Vera Konsept GYO	$22M		-
Phil	$21M		$52M
Fastator	$21M		$24M
Dotstay	$21M		$1M
Kopaonik	$21M		-
Immovaria Real Estate	$21M		-
Arco Vara	$21M		-
Investors House	$20M		$8M
OSTİM Endüstriyel Yatırımlar	$20M		-
Hepsor	$20M		-
Yeşil Yapı	$19M		-
Songai	$19M		-
Link Prop Investment	$19M		-
Fipp	$19M		-
Dream Impact	$19M		$5M
Hipermarc	$19M		-
Crown Energy	$19M		-
Ste Nationale de	$18M		-
Nyesa Valores	$18M		-
Novere Capital	$17M		-
Agat Ejendomme	$17M		-
Adler Group	$16M		-
RCM Beteiligungs	$16M		$3M
Vipul	$15M		-
Czerwona Torebka	$15M		-
Stradim	$15M		-
Lead Real Estate	$15M		-
Krakowskie Centrum Inwestycyjne	$15M		-
Multihome	$14M		-
Aquaticus Real Estate	$14M		-
BBI Development	$14M		-
TMM Real Estate	$12M		-
Lubke Kelber	$11M		-
RomReal	$11M		-
Tian An Australia	$10M		-
Skyline Inv	$9M		-
Real Bulland	$9M		-
Trend GYO	$9M		-
Korporacja Gospodarcza Efekt	$9M		-
Tecnisa	$9M		-
Tecma Solutions	$9M		$15M
Alphaville	$8M		-
Courtois	$8M		-
Bolkan Property	$8M		-
France Tourisme Immobilier	$8M		-
Deutsche	$8M		$11M
Cleanbnb	$8M		$24M
Gafisa	$8M		-
Dragon Capital Group	$7M		-
SOHO Development	$7M		-
Parvis Invest	$7M		-
Les Constructeurs du bois	$7M		$23M
Octava	$7M		-
İdealist GYO	$6M		-
Navstone	$6M		-
Wise Finance	$6M		-
Rossi Residencial	$6M		-
Parking Agustinas	$6M		-
Slottsviken	$5M		-
Joao Fortes Engenharia	$5M		-
ENA	$5M		$6M
Stk Properties	$5M		-
Compagnie Financière de Neufcour	$5M		-
Elkop Estonia	$5M		-
Movinn	$4M		-
Xp Corporate Macae FII	$4M		-
LIG Assets	$3M		-
Softimat	$3M		-
CPD	$3M		-
Trigon Property Development	$3M		-
Compagnie Foncière Internationale	$2M		-
Inside Park	$2M		-
Coreo	$1M		$9M
Plaza Centers	$1M		-
Tower Investments	$1M		-
Invaca Investment Co	$1M		-
Mevim	$977K		-
Noratis	$774K		-
Tessin Nordic Holding	$773K		-
Gaucho Group Holdings	$529K		-
Groupimo	$452K		-
TTL Beteiligungs und Grundbesitz	$333K		-
GORE German Office Real	$113K		-
Adomos	$58K		-
publity	$22K		$13M
Verianos	$8K		-
SP Setia	-		$1.1B