Global Index Q3 2018 update release, January 2019

09 Jan 2019

Welcome to the January 2019 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2018.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The GREFI All Funds Index delivered a Q3 total return of 1.89%, down from 2.10% previously, according to the latest release of the Global Real Estate Fund Index (GREFI) 

Key highlights:

  • The US outperformed Europe and Asia Pacific with a total return 2.02%, 1.79% and 1.59% respectively
  • Non-core funds continue to outperform core funds, recording a quarterly return of 2.02% for non-core and 1.86% for core
  • Open end funds outperformed GREFI All Funds, reaching 1.97%, down from 2.23%

From this edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

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Global Real Estate Fund Index Q3 2018 [PDF]
Global Real Estate Fund Index Q3 2018 [xlsx]
GREFI Index Q3 2018 - Snapshot [PDF]