The Global Real Estate Fund Index (GREFI) delivered a local currency return of 3.64% in Q2 2021, its strongest result in nearly 15 years.
This release includes 493 funds with a combined GAV of $912.52 billion as of the end of Q2 2021.
Key highlights include:
- All regional strategies saw notable improvements in performance
- US focused funds posted the strongest Q2 results amongst all regional strategies, with a total return of 4.41%
- Influenced by the US non-core strategies, the performance gap between the GREFI non-core and core segments grew to 214 bps this quarter, up from 89 bps in Q1 2021
Download the report, Excel and snapshots below for detailed GREFI data
Global Real Estate Fund Index (GREFI) Quarterly
Published on 21 Mar 2023
The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.
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The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.
The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.
This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.