What is NPI?
NCREIF Property Index: a quarterly, appraisal-based benchmark of institutional commercial real estate returns. Appraisal-based, so it can lag market pricing.
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.