NAREIT Research

  • NAREIT Commercial Property Update 2015:Q4
    Property markets were mixed in Q1. Apartment vacancies rose slightly, partly due to normal seasonal weakness but also resulting from rising construction. Vacancy rates in office and retail sectors were flat. Rent growth, however, remained solid across the major property types. The macroeconomic backdrop was mixed as well, with sluggish GDP growth (which also may be due to calendar effects that are not adequately corrected by seasonal adjustment procedures) but a strong job market.
     
  • REITs: Real Estate With a Return Premium
    A NAREIT analysis of the performance of publicly traded equity REITs and private equity core, value-added and opportunistic funds over the last full real estate cycle shows REITs outperformed private equity real estate funds over the entire cycle, as well as over the bull market portion of the cycle when value-added and opportunistic funds’ higher leverage would have been expected to deliver superior returns.