The Q4 2018 IRR Quarterly Index release includes 204 vehicles across vintages from pre-2002 to 2017.
- This quarter's IRR Index includes 204 vehicles, comprised of 107 core and 97 non-core
- Younger vintages with a year of first close between 2014 and 2016, delivered the highest IRRs
- Older vintage vehicles displayed narrower spread in IRR than younger vintage vehicles
The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis.