What is NCREIF NPI?
The NCREIF Property Index: a quarterly, appraisal-based index of institutional U.S. commercial real estate performance dating to 1977. Useful for trend context, but it can lag turning points and show appraisal smoothing.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.