NCREIF

Site Map

NCREIF was established to serve the institutional real estate investment community as a non-partisan collector, processor, validator and disseminator of real estate performance information.

NCREIF serves this community by doing the following:

• Assuring that NCREIF data meet the highest quality standards attainable and that NCREIF publish its performance indices and other statistical measures in a timely and efficient manner.
• Serves as a major connecting link between the real estate industry and the real estate research community.
• Bringing the real estate asset class information and disclosure practices closer to those of the other major asset classes.
• Sponsors educational and training programs that teach real estate practitioners how private real estate investment returns are calculated and what roles the professional disciplines of accounting, appraisal and performance measurement play in the process.
• Serves the industry as an independent and non-partisan "Central Repository" of real estate performance information. It is not NCREIF's role to take an official position with regard to information outputs. NCREIF does not interpret the meaning of its data, nor does NCREIF use the data to assist others in making investment decisions or recommendations. NCREIF's role is to deliver information to the marketplace and then promote its use while at the same time, letting the data speak for itself.

What is NCREIF?

The National Council of Real Estate Investment Fiduciaries (NCREIF) is an association of institutional real estate professionals who share a common interest in their industry.

They are investment managers, plan sponsors, academicians, consultants, appraisers, CPA's and other service providers who have a significant involvement in pension fund real estate investments. They come together to address vital industry issues and to promote research.

The membership is comprised of:

• Data Contributing Members:
  Investment managers and plan sponsors who own or manage real estate in a fiduciary setting.
• Affiliated Data Contributing Members:
  Investment managers or other corporations who own or manage real estate in a fiduciary setting but who do not currently qualify as Data Contributing Members.
• Professional Members:
  Providers of accounting, appraisal, legal, consulting or other services to our Data Contributing Members.
• Academic Members:
  Distinguished full-time professors of real estate.

Produced quarterly, the NCREIF Property Index (NPI), shows real estate performance returns using data submitted to us by our Data Contributing Members. The NPI is used as an industry benchmark to compare an investor's own returns against the industry average.