Non-listed real estate industry publishes global funds index for consultation
The Asian and European Associations for Investors in Non-listed Real Estate Vehicles (ANREV and INREV) and the National Council of Real Estate Fiduciaries (NCREIF) have published the initial results of their inaugural joint global index for industry consultation.
The Global Real Estate Fund Index, launched at the ANREV Annual Conference, measures the performance of non‐listed real estate vehicles on a global basis.
The feedback received will help to ensure the final index is as comprehensive and useful as possible, ahead of its official launch in April 2014.
Current data relates predominantly to core funds. Future releases of the Index however, will seek to increase the level of performance data from value-added and opportunity funds.
“Investment strategies and markets, including real estate, are becoming more and more globalised, so it makes sense for our industry to produce an index that offers a global perspective,” says Casper Hesp, director, research and market information for INREV. “This initiative also helps to position non-listed real estate funds on a more equal footing with other asset classes and reinforces their relevance and value for institutional investors as part of a balanced portfolio.”