U.S. core real estate funds post one-year gains of 9.7% through Q1

The NCREIF Open-end Diversified Core Equity index - which tracks returns of 19 real estate funds with $93 billion in net real estate assets - was up 2.43% net of fees during the first quarter of 2013, and up 9.67% over the trailing 12-month period. Since inception more than 35 years ago, the index has returned 7.15% annually through the first quarter ended March 31.