Impact funds benchmarked to the NCREIF Apartment Property Index
NCREIF (National Council of Real Estate Investment Fiduciaries) was established to serve the institutional real estate investment community as a non-partisan collector, processor, validator and disseminator of real estate performance information. The historical NCREIF database goes back to the 4th Quarter 1977 and as of 2nd Quarter 2013 consists of approximately 30000 properties historically, and approximately 10000 current properties. NCREIF collects 67 data fields each quarter that consist of financial information such as Market Value, NOI, Debt, and Cap Ex, as well as descriptor data such as Property Type and Subtype, Number of Floors, Square Footage, Number of Units, and Location. The flagship index of NCREIF is the NPI, which is a quarterly index tracking the performance of core institutional property markets in the U.S. The objective of the NPI is to provide a historical measurement of property‐level returns to increase the understanding of, and lend credibility to, real estate as an institutional investment asset class.
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