The real estate asset class can be subdivided into a number of categories based on its spatial and capital market dimensions. On the spatial side, we can group assets by property type and location. On the capital side we can group assets into non-institutional vs. institutional holdings, the latter of which can be further subdivided into public or private ownership structures. In terms of benchmarking or monitoring institutional real estate performance, the public side is most often tracked the the National Association of Real Estate Investment Trusts (NAREIT), while the private side is represented by the National Council of Real Estate Investment Fiduciaries (NCREIF). The objective of this page is to present the NCREIF returns; interested readers are also referred to the NAREIT returns for comparisons between the two ownership structures.

The NCREIF Property Index is comprised of quarterly returns broken down into total, capital, and income. The series is an appraisal-based system, with market values determined by quarterly appraisals undertaken to ensure assets are marked to market. The returns include leveraged and unleveraged assets, although the leveraged assets have been deleveraged to provide a more accurate picture of property level returns. For more information, viewers are referred to the official NCREIF site for a detailed explanation of coverage and methodology. To more fully understand the underlying data, viewers should review the Real Estate Information Standards (REIS) developed by NCREIF and several related trade associations.

Please bear with me as I try to make this section more user friendly and check back as we will be making more changes. Any suggestions regarding useful data/formats are welcomed; if you have any, please Contact Me.

Note: Being Updated Through 3Q by November 28, 2010

Note: Since this is a long list, scroll down to see individual categories. They are each presented as an image and can be copied by right clicking your mouse and then pasting elsewhere.

To View All NCREIF Property Types:

• All NCREIF

The property type and sub-type categories include:

All Retail

• Super-Regional Malls
• Regional Malls
• Community Shopping Centers
• Neighborhood Shopping Centers
• Power Centers
• Fashion Centers
• Single-Tenant Retail
  

Click on any link below to jump to property type/subtype. Click Back to Top to return here.

All Office

• CBD Office
• Suburban Office

All Industrial

• Warehouse
• Industrial R&D
• Industrial Flex
• Manufacturing
• Office/Showroom
• Industrial Other

All Apartment

• Garden Apartment
• High-Rise Apartment
• Low-Rise Apartment

All Hotels

To jump to a category, click on the title; to return, click on "Back to Top" below each exhibit.

Also, check out related REIT stock prices for more insights.

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