- January 1, 2016: Vol. 28, Number 1

To read this full article you need to be subscribed to Institutional Real Estate Americas

NCREIF launches closed-end value-add index

by Zoe Wolff

Investors in core real estate funds have long been able to compare performance against the NCREIF Open-end Diversified Core Equity index. Now NCREIF has created a new index for value-added funds: the NCREIF Fund Index – Closed-end Value-add, or NFI-CEVA. With third quarter 2015, the index expanded to include funds and historical data for both active and closed funds.

“NFI-CEVA begins to meet the needs of plan sponsors and other industry participants for value-add fund performance benchmarks and standardization,” Peter Steil, CEO of NCREIF, said in a statement. “The index will improve transparency and help our members make more-informed investment decisions. NCREIF will continue to build this index so that it is increasingly robust in the breadth and depth of the closed-end value-added fund universe.”

NFI-CEVA’s third quarter total returns, gross of fees, were 3.55 percent, consisting of a 1.61 percent income return and 1.93 percent appreciation return. This

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