Private real estate gains 10.5% in 2012
On Jan. 25, the National Council of Real Estate Investment Fiduciaries released fourth-quarter and year-end returns for its NCREIF Property index. The NPI total return for 2012 was 10.54%, including 5.84% income and 4.51% appreciation. Retail was the best-performing sector, with an 11.61% return for the year, while the hotel sector performed the worst with an 8.23% total return.
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