Headquartered at Chicago's Aon Center, NCREIF says cap rate compression continued across the board during Q3.
CHICAGO—Investment performance across 7,371 institutionally-owned commercial properties continued to soften in the third quarter, the National Council of Real Estate Investment Fiduciaries said Wednesday. Returns for the three months that ended Sept. 30 represented the weakest Q3 results since 2010, according to NCREIF.
The quarterly total return as measured in the NCREIF Property Index was 1.77% for Q3, including a 1.16% income return and 0.60% total appreciation. That's down from 2.03% last quarter and 3.09% a year ago.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
