Bouwinvest Real Estate Investors was established in 1952 as a wholly owned subsidiary of the Dutch pension fund for the construction industry (bpfBOUW) and it manages its investments on the real estate side (the rest is managed by APG). The fund manages US$ 19 billion in assets across five Dutch property sector mandates (Residential, Retail, Office, Hotel and Healthcare) and three international property regional mandates in Europe, North America, and Asia-Pacific.