Research - AUGUST 10, 2017

Slight decrease for open-end real estate funds in Q2

by Jody Barhanovich

The National Council of Real Estate Investment Fiduciaries (NCREIF) released a snapshot of its second quarter 2017 results for the NCREIF Fund Index – Open-End (NFI-OE).

The total gross of fees for NFI-OE is now at 1.89 percent, compared to 1.91 percent the previous quarter. Income stayed at 1.09 percent with no change from the previous quarter, while appreciation decreased to 0.80 percent from 0.81 percent in first quarter. The full snapshot can be found here.

In additional research, NCREIF recently released second quarter 2017 results for the NCREIF Fund Index – Open-end Diversified Core Equity (NFI-ODCE) as well. The NFI-ODCE consists of 24 funds, totaling $224.1 billion of gross real estate assets and $180 billion of net real estate assets.

NCREIF serves the institutional real estate investment community as a non-partisan collector, validator, aggregator, converter and disseminator of commercial real estate performance and benchmarking information. The members of the firm include investment managers, investors, consultants, appraisers, academics, researchers and other professionals in the real estate investment management industry.

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