- June 1, 2015: Vol. 9, Number 6

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Asia Pacific funds outperform United States and Europe

by Zoë Wolff

For the first time in two years, non-listed real estate funds in Asia Pacific have outperformed the United States and Europe, according to the latest Global Real Estate Fund Index. The index draws together data from ANREV and INREV, the Asian and European Associations for Investors in Non-Listed Real Estate Vehicles, and NCREIF, the National Council of Real Estate Investment Fiduciaries.

Funds in Asia Pacific returned 3.6 percent in Q4 2014.  US and European funds trailed with 3.1 percent and 2.4 percent, respectively. Global performance for the quarter was 2.9 percent. All three regions were up from Q3 2014 returns, with Asia Pacific more than doubling returns. Despite the significant rise in Q4 2014 returns, the United States remained dominant on an annual basis at 11.8 percent versus 9.4 percent for Asia Pacific and 8.9 percent for Europe.

GREFI also shows a rise in performance of non-core funds over core funds; non-core funds finished Q4 2014 at 4.1 percent, core

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