Welcome to the April 2019 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 2018.

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 GREFI All Funds Index delivered a Q4 total return of 1.89%, up from 1.88% previously, according to the latest release of the Global Real Estate Fund Index (GREFI) 

Key highlights:

• Asia Pacific outperformed Europe and US with a total return of 2.84% over Q4
• Non-core funds outperformed core funds with returns of 2.30% and 1.81% respectively

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 [email protected] or [email protected].