NFI-ODCE INDEX FOR PRIVATE REAL ESTATE

The National Council of Real Estate Investment Fiduciaries (NCREIF) Fund Index – Open End Diversified Core Equity, also known as the NFI-ODCE Index, is utilized as an institutional real estate performance benchmark. The NFI-ODCE Index is an index of investments returns (gross of fees) of the largest private real estate funds pursuing a core investment strategy which is typically characterized by low risk, low leverage (less than 40%), and stable properties diversified across the US.

Below are the returns of the NFI-ODCE Index since its inception in 1978.

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NFI-ODCE Index Annual Returns 

197817.67%199913.17%
197920.64%200014.28%
198018.05%20015.63%
198117.01%20025.54%
19827.45%20039.28%
198313.23%200413.07%
198413.68%200521.40%
19859.36%200616.32%
19866.74%200715.96%
19876.74%2008-10.00%
19887.32%2009-29.76%
19896.72%201016.36%
19901.42%201115.99%
1991-6.25%201210.94%
1992-5.50%201313.94%
19930.55%201412.49%
19946.14%201515.01%
19957.11%20168.76%
199611.70%20177.61%
199715.10%20188.35%
199816.41%

NFI-ODCE Index Annual Returns (%)

Distribution of NFI-ODCE Index Annual Returns (1978–2018)