National Council of Real Estate Investment Fiduciaries, the Asian Association for Investors in Non-listed Real Estate Vehicles and European Association for Investors in Non-listed Real Estate Vehicles plan to launch a new global fund index this fall.
The index will measure the real estate investment performance of global private real estate investment vehicles, explained Jeffrey Havsy, NCREIF director of research. The combined global index could include as many as 670 funds with a total estimated gross asset value of $640 billion, according to a news release issued Wednesday.
The three industry organizations formed a working group in July called the Global Index Working Group to guide the process. The group aims to present initial index results at the ANREV Annual Conference in Hong Kong Oct. 16-17 and the NCREIF Fall Conference in Orlando, Florida Nov. 7-9.