The time has come for us to launch the private real estate industry’s most anticipated annual accolades. But this year, we have made some significant changes to the PERE Global Awards. Keep reading to learn more.
First, what has not changed? We still want your submissions, which you can send to us by clicking HERE. You have until midnight (PT) on Friday, November 15 to submit and, as usual, we have put together some handy guidelines, which you can read HERE.
Since 2006, the PERE Awards have been a staple of the private real estate industry’s calendar as a time to celebrate the best in class across firms, funds, deals and more. Ever since commencing our awards programs, we have applied a consistent methodology: we, the editorial team of PERE, used our market knowledge and expert judgment to craft shortlists for each category; you, the industry, then voted on those lists to determine the winners.
Times have changed. Our awards have expanded considerably in terms of their breadth, depth and market visibility. That is in no small part a reflection of the fact that the private markets industry itself is now much larger, and its landscape more complex to navigate, as readers no doubt know first-hand. At the same time, ongoing concentration has widened the gulf between marquee brand names and other market participants.
For these reasons, we have decided to discontinue the voting system. It was built for a simpler age and has become vulnerable to producing outcomes shaped as much by contenders’ popularity as their claims to excellence. In short, it no longer suits the world we are in. It is within this context that we have decided to implement a new process for our annual awards.
Firstly, we have reduced the number of awards categories to celebrate achievements that can be said to truly matter to the market at large. Secondly, the winners in each category will now be decided solely by the same judging panel of PERE editors who previously focused on producing the shortlists.
The submissions process will remain unchanged: until November 15, readers can submit nominations for all open categories via a dedicated portal on the PERE website. The judges will work through these, verify the information provided with market sources and draw on their own deep insight to determine the standout performers of the year.
The winners and runners up will be announced on March 3, 2025, as well as appearing in our Annual Review in March.
