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GREFI Q3 - Performance slows across all regions

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. 

Key highlights include: 

  • 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)

Download the Excel supplementary workbook for detailed GREFI data

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Global Real Estate Fund Index (GREFI) Quarterly  

Published on 08 Jan 2019

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.

Please send feedback to edgar.orlovskis@inrev.org, daisy.huang@anrev.org, or ddierking@ncreif.org

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.