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In spite of near-term uncertainty, the long-term appeal of real estate has held for investors, and the number of funds targeting it have continued to rise. As of the beginning of Q4 2020, there are more than 1,000 funds in market – more than double the number in January 2016, according to Preqin. Funds are now targeting almost $300 billion of investments. This suggests investor momentum moving into 2021.