Private real estate returned 2.59% during the third quarter of 2013, as measured by the NCREIF Property index. Returns consisted of 1.37% income return and 1.22% appreciation for the quarter. Among the five property type subindexes, industrial posted the highest return for the second quarter in a row with 3.14%, followed by retail (2.7%), apartment (2.48%), office (2.42%) and finally hotel (2.11%). Over the last four quarters, the overall index returned 11%.
Real estate returns 2.59% for third quarter of 2013
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