OREANDA-NEWS. September 13, 2011. Renaissance Real Estate is the best performing real estate fund in Central and Eastern Europe and the Commonwealth of Independent States, according to the 2001 Best Real Estate Fund ranking by Business New Europe magazine (bne).

The Renaissance-Zemelny fund, with a return in 2011 of 28.3%, is “quite exceptional given the difficult market conditions in this area,” bne reported.

Renaissance Real Estate, a leader in closed-end fund management, with an 11% market share in Russia (May 2011), is a recognised expert in asset securitisation and sale-and-leaseback transactions. Renaissance Real Estate has raised over USD 700mn from private and institutional investors, and completed more than150 deals.

 “We are very proud of the continued recognition our funds receive,” said Ekaterina Konstantinova, CEO of Renaissance Real Estate. “Such an excellent result has been achieved through the superior efforts of dedicated professionals, careful selection of investment opportunities whose value appreciated significantly with the recovery of Russian real estate market, active management of the fund’s assets, and absence of leverage. We are confident that the shift in investor focus to emerging markets represents a major opportunity in the Russian real estate sector, and the funds that perform will be enormously successful.”

In Commercial Real Estate magazine’s 2011 CRE 100 ranking, Ekaterina Konstantinova was named among the five most influential investment professionals in Russian commercial real estate.