Industry bodies ANREV, INREV and NCREIF have launched the first Global IRR Index, providing data on the since-inception performance of value-added and opportunity, closed-end, nonlisted real estate funds in Asia Pacific, Europe and the United States.
Amélie Delaunay, director – research & professional standards for ANREV, said, “The new index helps to make real estate more easily comparable with other asset classes, which routinely use IRR to gauge performance. This is particularly valuable for investors making global capital allocation decisions across their portfolios.”
The best average internal rate of return [IRR] across all three regions was 18.39 percent, recorded by funds with a first closing in 2013. But this vintage was also marked by regional variances. Asia Pacific saw a wider spread of returns than other regions, which could be explained by the generally more diverse strategies pursued in this region. And U.S. returns for 2013 were likely driven
