The private equity real estate market focused on commercial real estate saw $6.1B worth of investments in the 1Q17, down from almost $15B just last year according to Costar Group. PE buyers showed a preference for office property, multifamily, retail, and industrial in that order according to purchase volume. PE sellers unloaded mainly multifamily and industrial properties with sales across all sectors of commercial real estate totaling $7.9B. Preqin, an alternative assets industry information provider, noted that fundraising had also slowed down from $26B in 1Q16, and $32B in 4Q16 to about $16B in 1Q17. About 58% of funds currently in the market are working to raise additional capital, up to $107B, with a goal of investing primarily in North America.