NFI-ODCE Index

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%20000.1428
197920.64%20015.63%
198018.05%20025.54%
198117.01%20039.28%
19827.45%200413.07%
198313.23%200521.40%
198413.68%200616.32%
19859.36%200715.96%
19866.74%2008-10.00%
19876.74%2009-29.76%
19887.32%201016.36%
19896.72%201115.99%
19901.42%201210.94%
1991-6.25%201313.94%
1992-5.50%201412.49%
19930.55%201515.01%
19946.14%20168.76%
19957.11%20177.61%
199611.70%20188.35%
199715.10%20195.34%
199816.41%20201.19%
199913.17%

NFI-ODCE Index Annual Returns (%)

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