The Giliberto-Levy Commercial Mortgage Performance Index, which tracks private market loans held in investor portfolios, produced a 0.74 per cent total return in quarter two 2012, according to data released by IPD.

The index reflects a market value weighted blend of office, apartment, retail, industrial, lodging and other property types.

The one-year total return for the Giliberto-Levy Commercial Mortgage Performance Index was 4.41 per cent, the three-year total return was 9.05 per cent and the five-year total return was 6.39 per cent.

For the five years ended 30 June 2012, the leading sector within the index was office at 6.62 per cent, followed by retail at 6.50 per cent, other (mixed-use, lodging and other property types) at 6.38 per cent, industrial at 6.25 per cent and apartments at 5.90 per cent.

The total return for the Giliberto-Levy Commercial Mortgage Performance Index over the past five years (6.39 per cent) significantly outpaced the S&P 500 (0.22 per cent), 90 day T-Bills (0.98 per cent), CPI (1.95 per cent) and the NAREIT Equity Index (2.60 per cent).