National Council of Real Estate Investment Fiduciaries (NCREIF)

?????????????????? ?????????????????????? ?????? ?????????? ?????? ?????????? ?????????? ?????????? ???? ???????? ANREV, INREV and NCREIF release the Fourth Quarter 2024 Global Real Estate Funds Index (GREFI). Highlights include: ·???The GREFI All Funds Index delivered positive total returns of 0.77% in Q4 2024, up by 39 bps from 0.38% posted in the previous quarter. ·???European funds outperformed the other regions with total returns of 1.21%, followed by the US with 1.08%, then Asia Pacific with -1.41%. ·???Both GREFI core and non-core funds reported positive performance this quarter, with the GREFI non-core funds outperforming their core peers. Access the full report at www.ncreif.org.

A few seats are still available! We would love to see you there!

???????? ?????? ?????? ??????????-???????? ??????????????! Take advantage of discounted conference fees—early-bird pricing ends today. Don't miss out! Register at www.ncreif.org.

?????? ???????????????? ???????? ?????????? ???????????? ???????? ?????????? ?????? ???????? ????????????????! The NFI-DP represents the performance of a group of daily-priced open-end funds that invest predominantly in private real estate, generally ranging from 75% to 95% allocation, with the balance in liquid investments such as cash and public listed securities. Funds in this universe are most commonly offered to defined contribution plans and/or high net worth investors. The NFI-DP is an equal-weighted, gross of brokerage related fees (if applicable), net of advisory and incentive fees, index of time-weighted total returns. It is published?monthly with an inception date of October 1, 2009. Access the full report at www.ncreif.org

?????????????????? ???????? ???????????????????? ????????????: ?? ???????????? ?????? ??????'?? ???????? ???? ???????? The focus of this course will be analysis and due diligence for potential acquisition or disposition (hold‐sell analysis) of properties, including expectations of investment committees and investment committee memo structures. Students will learn key factors used to develop proforma assumptions and learn how to calculate the key measures of return and investment value used by institutional investors, including the impact of leverage. Factors that impact investment risk including the lease structure, type of financing and market conditions will be discussed, including additional risks associated with development projects.?An Excel spreadsheet proforma will be used to calculate risk measures, perform a sensitivity analysis, partition the IRR and conduct Monte Carlo simulations. Join us! More information and register here: https://lnkd.in/gKamAzKP

???? ????????: ?? ?????????????????????? ?????????????? ?????? ???????????? ???????? ?????????? ANREV, INREV and NCREIF present the eighth edition of the Global ODCE (open end diversified core equity) fund index, consisting of 49 funds with a combined total gross asset value of US$ 341.7 billion. After turning positive in Q3, Global ODCE performance slid back to negative territory in Q4 2024 posting a net total return of -2.10%, down from 1.99% posted in the previous quarter. The US ODCE funds outperformed the other regions posting total returns of 0.96%, followed by Europe with 0.93%, then Asia Pacific with -8.19%. Access the full report at www.ncreif.org

??????-???????? ?????????????????????? ?????????????????????? ???????????? - ?????? ??????????????????! Access the Fourth Quarter Results via member log in at www.ncreif.org. Key features include: ? ???????????????????? ???????????????????????? ???????? ?????????????????? ?????????????????????????? The NFI-ODCE was introduced as the first of the NCREIF fund database products. With increased usage over recent years, it is frequently used as the standard benchmark in today’s real estate environment. In the spirit of increased transparency, the NFI-ODCE Performance Attribution Report was created to take a deeper dive into the components and attributes that affect the NFI-ODCE returns. ? ???????????????? ?????? ?????? ?????????????? ????????????????-?????????? ?????? ????????-?????????? ?????????????? The report begins with unleveraged property returns and layers in the impacts on return of various fund components such as leverage and fund costs. It also details the contribution to return by each property type. Property performance, which includes the primary property types (Apartment, Industrial, Office and Retail) as well as hotel, land and other properties held within NFI-ODCE, is also bifurcated into various sector categories such as regions and divisions, CBSA markets and life cycle to name a few. ? ?????????????????????? ???????????? ?????? ???????????????????????? ???? ???????????? The fund structuring impacts are calculated using the exclusion method, and property sector analysis is calculated using weights and returns (contribution to return). Both are presented for the most recent four quarters as well as one year. Questions? Email [email protected]

???????????? ????????????????: ?????????????? ???????? ?????????????????? ?????????????????? Elevate your expertise in the NCREIF PREA Reporting Standards with our comprehensive course. Through interactive small group breakout sessions, you'll deepen your understanding and practical application of these essential standards. ?????? ???????????? ????????????? This course is ideal for: ? Investors ? Portfolio Managers ? Accountants ? Performance Measurement Professionals ? Client Services Representatives ? Valuation Experts ?????? ????????????????: ?????????????? ?????? ????????: Gain a holistic view of how investment products, investor reporting, benchmarks, and standards interrelate. ??????????-???? ????????????????: Engage in practical exercises and discussions to reinforce key concepts. ?????????? ????????????????????: Leave with a solid grasp of the Reporting Standards and their importance in the industry. Join us to enhance your skills and confidence in the NCREIF PREA Reporting Standards. Don't miss this opportunity to advance your career! ???????????????? ????????: ?https://lnkd.in/gKamAzKP

?????? ??????????????! The Valuation Trends Report for 2024q4 is now available! This member-only report dives deeper into NFI-ODCE detailing valuation metrics such as discount rate, cap rate, and rent growth by property type for the past nine quarters. Access the report via member login at www.ncreif.org Not a member? Email [email protected] for membership details.

???????? ??????????! NCREIF's ESG Committee has launched a new subcommittee - the Environmental Interest Group (EIG). This group was created for those who are working with, or interested in, all things “Environmental." Examples include physical climate risk, emissions reduction and Net Zero initiatives, as well as reducing impacts of water use and trash, etc. All NCREIF Members are welcome to participate in this group's meetings and activities! The EIG will be discussing Net-Zero Emissions in its virtual meeting scheduled on Thursday, February 27 at 1pm Central Time. Join the Zoom call here: https://lnkd.in/gH6J7x34 Access the inaugural newsletter here: https://lnkd.in/gdh5wS_B Questions? Email [email protected]