May 30, 2023
The Global Real Estate Fund Index (GREFI) delivered a total return of 4.31% in Q3 2021, its strongest quarterly result since Q4 2005.
This release includes 493 funds with a combined GAV of USD959.31 billion as of the end of Q3 2021.
Key highlights include:
- The strong performance of the GREFI All Funds Index was mostly driven by US focused funds, which saw a 260 bps quarterly increase in total return this quarter
- Europe focused funds reported a 19 bps quarter-on-quarter increase in performance while Asia Pacific focused funds showed a 206 bps decline this quarter.
- Non-core funds outperformed their core equivalents for the sixth consecutive quarter
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.