What is NCREIF Property Index?
An appraisal-based index of private, institutional real estate returns. Because it relies on appraised values, it tends to smooth and lag market movements relative to public REIT prices.
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.