AUGUST 7, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

ODCE rebounds after lower first quarter

by Reg Clodfelter

After a lower first quarter with returns at 2.52 percent, the NCREIF Open-end Diversified Core Equity Index bounced back in the second quarter, returning 2.93 percent, a solid 41 basis point increase, though still significantly less than second quarter 2013’s 3.86 percent return, according to data from the National Council of Real Estate Investment Fiduciaries.

ODCE properties marginally outperformed the NCREIF Property Index by two basis points this quarter after trailing it in the previous quarter (the ODCE is a substantial subset of the NPI), showing a rebound of properties held by open-end core funds compared with the greater market. A closer look will show that the rebound was carried by ODCE office properties, which outperformed non-ODCE office properties by 47 basis points. All other property types saw lower returns in the ODCE index than outside of it, with ODCE retail, industrial and multifamily proper

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy