Real Estate Asset Management Companies’ Economies of Scale: Is It a Dream or Reality? The Italian Case

Table 5

Number of real estate funds for each SGR from 2013 to 2018.

SGR	Number of real estate funds managed
	2018	2017	2016	2015	2014	2013
1	47	43	41	37	36	32
2	44	42	35	34	33	29
3	27	27	27	27	26	21
4	15	8	7	7	7	7
5	22	22	20	17	12	11
6	31	32	33	30	28	25
7	14	12	12	14	13	12
8	34	23	14	5	2	2
9	7	5	5	4	2	1
10	27	25	18	11	7	4
11	36	32	30	17	13	12
12	16	17	17	9	9	8
13	12	14	14	12	10	9
14	6	5	5	3	3	3
15	—	—	6	6	5	3
16	19	19	19	19	18	15
17	12	12	9	8	8	8
18	6	6	3	3	3	3
19	22	21	20	18	18	15
20	5	5	4	4	4	3
21	4	3	2	2	2	2
22	12	10	8	9	9	4
23	2	7	7	10	9	9
24	1	2	2	2	3	3
25	5	4	3	4	4	4
26	4	4	3	2	2	4
Tot.	430	400	364	314	286	249