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The Q1 2022 GREFI All Funds Index records strong start to the year

The Global Real Estate Fund Index (GREFI) delivered a total return of 4.94% in Q1 2022, the strongest first quarter result since the inception of the Index.

This release features 482 funds and represents a total gross asset value (GAV) of USD 1040.32 billion.

Key highlights include:

  • US focused funds topped the regional strategies’ performance for the fifth consecutive quarter, posting a Q1 2022 total return of 7.51%. European strategies came second with 3.40%, followed by a 1.91% total return for Asian Pacific strategies.
  • Non-core funds continued to outperform their core equivalents, posting quarterly total returns of 6.77% and 4.58%, respectively
  • With a Q1 2022 total return of 5.10%, open end structures marked their second strongest result since the inception of the Index.

Download the report, Excel and snapshots below for detailed GREFI data

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Global Real Estate Fund Index (GREFI) Quarterly  

Published on 21 Jun 2022

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 Melle.Simonis@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.