Private real estate posts 2.9% return in second quarter

The NCREIF Property index returned 2.87% in the second quarter of the year, consisting of 1.4% income return and 1.47% appreciation. According to the National Council of Real Estate Investment Fiduciaries, it is the highest return since the fourth quarter of 2011 when the index was up 2.96%. Over the past four quarters the index has risen 10.73%.