Welcome to the March 2023 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q4 2022.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering more than 15 years of performance across all regions. 

Key highlights:

The GREFI All Funds Index delivered a negative total return of -4.24% in Q4 2022.

Asia Pacific funds outperformed globally, with an increased performance quarter-on-quarter.

Core funds had a greater decline compared to their riskier peers, posting aggregated quarterly total returns of -4.49% and -3.12%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the January 2023 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2022.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering more than 15 years of performance across all regions. 

Key highlights:

The GREFI All Funds Index delivered a negative total return of -0.12% in Q3 2022.

Funds with a global regional strategy outperformed the rest, being the only funds that saw an increase in performance quarter-on-quarter (0.42% in Q2 vs 0.83% in Q3).

Non-core funds outperformed their core peers, posting aggregated quarterly total returns of 0.99% and -0.37%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the September 2022 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q2 2022.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering more than 15 years of performance across all regions. 

Key highlights:

The GREFI All Funds Index delivered a total return of 3.36% in Q2 2022.

Funds targeting the US outperformed other regional strategies, posting a total return of 4.83%.

Non-core funds outperformed their core peers, posting quarterly total returns of 4.23% and 3.19%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the June 2022 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q1 2022.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 4.94% in Q1 2022. The latest result is the second strongest on record for the Index, and the strongest Q1 result since its inception in Q1 2005.

Key highlights:

The GREFI All Funds Index recorded its second strongest result since its inception, with a Q1 2022 total return of 4.94%.

Funds targeting the US outperformed other regional strategies, posting a total return of 7.51%.

Non-core funds outperformed their core peers, posting quarterly total returns of 6.77% and 4.58%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the March 2022 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q4 2021.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 5.93% in Q4 2021. The latest results are the strongest on record for the GREFI, considerably above the pre-pandemic levels of 2019 and pre-GFC levels.

Key highlights:

US funds showed the strongest performance out of the regional strategies, recording a total return of 8.05% this quarter.

Non-core funds outperformed their core peers, with the quarterly total returns of 7.34% and 5.66%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the January 2022 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2021.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 4.31% in Q3 2021, its strongest performance since Q4 2005.

Key highlights:

US funds showed the strongest performance out of the regional strategies, recording a total return of 7.01% this quarter.

The performance gap between non-core funds and core funds grew to 255 bps this quarter, up from 220 bps in Q2 2021.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the September 2021 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q2 2021.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 3.46% in Q2 2021. The latest results outperform the pre-pandemic levels of 2019.

Key highlights:

Non-core funds outperformed their core peers, with quarterly returns of 5.28% and 3.14%, respectively

Funds targeting the US outperformed other regional strategies, posting a total return of 4.41%

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the June 2021 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q1 2021.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a local currency total return of 1.64% in Q1 2021. The latest results are close to the pre-pandemic levels of 2019, yet a slight decline from 1.74% recorded in Q4 2020.

Key highlights:

Non-core funds outperformed their core peers, with quarterly local currency returns of 2.35% and 1.52%, respectively

Funds targeting the US outperformed other regional strategies, posting a total return of 2.23%

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

Welcome to the March 2021 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q4 2020.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 1.80% over Q4 2020, up from 0.83% posted over Q3 2020, according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

Total returns improved across all regional strategies, with Asia Pacific funds in the lead in Q4, while European funds outperforming on a 1 year rolling basis.

GREFI non-core funds continued to outperform core vehicles, with the Q4 total returns of 2.73% and 1.64% respectively.

Please send any queries to Daisy Huang  or Amélie Delaunay.

Welcome to the January 2021 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2020.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of 0.82% over Q3 2020, up from -1.30% posted over Q2 2020, according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

• Asia Pacific funds delivered the strongest performance among the regional strategy funds.
• European open end funds performed best amongst other open end peers, with a 1.16% quarterly return.

From Q3 2018 edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to Daisy Huang , Kip Kong or Amélie Delaunay.