It is an index showing the performance of non-listed real estate funds on a global scale and is created by ANREV, INREV and NCREIF. This publication includes the performance figures up to Q4 2015.

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

The GREFI Q4 2015 update release includes the performance of 430 funds compared to 454 funds as of Q3 2015. This difference is due to the lower number of funds delivering data in Asia Pacific and Europe, as some funds need additional time to finalise and audit year-end figures.

Please send your feedback on this consultation release to [email protected].