National Council of Real Estate Investment Fiduciaries (NCREIF)

The Third Quarter 2024 Expanded NPI, Farmland and Timberland Indices have been released. As a reminder - in First Quarter 2024 we began transitioning the NCREIF Property Index (NPI) to the new "Expanded NPI." Click here for the press release: https://lnkd.in/gv-QstAC

NCREIF Academy 2024 Digging into Reporting Standards October 17, 2024 - The Diplomat, Hollywood, FL This course is designed to enhance your knowledge of the NCREIF PREA Reporting Standards (RS). Concepts are reinforced through engagement in small group breakout sessions. This class can be particularly valuable for Investors, Portfolio Managers, Accountants, Performance Measurement, Client Services and Valuation personnel to connect the dots between investment products, investor reporting, benchmarks and standards. This edition of Digging Into Reporting Standards welcomes Special Guest, Constantin Sorlescu MRICS, Director of Professional Standards at INREV. Join us for this unique opportunity to continue the global discussion! Some topics include: - Why standards are critical for decision making - How RS fills the gap created by other standard-setting organizations - How RS can help you in your day-to-day responsibilities and where to find information - How you can be involved in establishing ever-evolving best practices in the real estate industry - What it means to be compliant Students will leave the class with increased confidence in what the Reporting Standards are and why they are needed! This course will be offered along with other NCREIF Academy courses the day after the NCREIF Fall Conference in Hollywood, Florida on October 17th. We hope you join us! More information and register here: https://lnkd.in/gExUm47q

NCREIF Academy 2024 Investment Analysis & Due Diligence October 17, 2024 - The Diplomat, Hollywood, FL The focus of this course will be analysis and due diligence for potential acquisition or disposition (hold‐sell analysis) of properties, including expectations of investment committees and investment committee memo structures. Students will learn key factors used to develop proforma assumptions, and learn how to calculate the key measures of return and investment value used by institutional investors, including the impact of leverage. Factors that impact investment risk including the lease structure, type of financing and market conditions will be discussed, including additional risks associated with development projects. An Excel spreadsheet proforma will be used to calculate risk measures, perform a sensitivity analysis, partition the IRR and perform a Monte Carlo simulation. This course will be offered along with other NCREIF Academy courses the day after the NCREIF Fall Conference in Hollywood, Florida on October 17th. We hope you join us! More information and register here: https://lnkd.in/gExUm47q

A huge thank you to member firm Manulife for the support to our organization through the efforts of John Griffith. John continues his term as Chair of the NCREIF Timberland Committee.

NCREIF Academy 2024 Attribution and Risk Analysis October 14, 2024 - The Diplomat, Hollywood, FL This course is calculation oriented and hands-on with Excel spreadsheets. It delves deep into various methodologies of performance attribution and risk analysis. Students will learn to do traditional Brinson attribution analysis on a single and multi-period basis to understand why a fund performs differently from a benchmark. The course then examines all the various risk measures such as the Sharpe Ratio, Jensen’s Alpha, beta and other risk measures that can cause differences in performance. This will lead to the calculation of risk-adjusted returns and risk-adjusted attribution analysis. This course will be offered along with other NCREIF Academy courses the day prior to the NCREIF Fall Conference in Hollywood, Florida on October 14th. We hope you join us! More information and register here: https://lnkd.in/gExUm47q

A huge thank you to member firms Principal Asset Management, Heitman, MetLife, and Manulife for the support to our organization through the efforts of Arthur Jones (Principal), Jacob Anderson (Heitman), Michael Steinberg (MetLife), and Erin Patterson (Manulife). Arthur and Jacob continue their terms as Chairs and Michael and Erin continue their terms as Vice-Chairs of the NCREIF Research Committee.

We are excited to add to our NCREIF Academy curriculum a brand-new course, Creating Value Through Sustainability This course offers an in-depth exploration of what investors seek in effective sustainability programs and how these initiatives can enhance investment outcomes. Participants will delve into the latest research on the value proposition of sustainability, examining regulations, data collection, and opportunities like green financing. The curriculum covers how to identify and create productive sustainability programs by prioritizing material factors that impact business, performing gap analyses of ESG frameworks, and building leadership structures that support sustainability goals. The course also addresses how to integrate sustainability into investment strategies, enhance due diligence and risk management, and efficiently manage data to meet regulatory requirements. Finally, students will learn to set key performance indicators, establish sustainability targets, and communicate successes in alignment with industry standards. This inaugural course will be offered along with other NCREIF Academy courses the day prior to the NCREIF Fall Conference in Hollywood, Florida on October 14th. We hope you join us! More information and register here: https://lnkd.in/gExUm47q

2nd Quarter Data Review Webinar Friday, August 9 at 1pm Central Jeffrey Fisher, Ph.D. will be joined by Paul Briggs, CRE, Head of Research & Investment Strategies with Roofstock and Hans Nordby, Head of Research and Analytics at Lionstone Investments to discuss the latest trends in the NCREIF data and provide some insights into single family rental properties which has been included along with several other new subsectors in the expanded NPI. We will look for signs of recovery in the real estate market as well as factors that might derail that recovery. Register here: https://lnkd.in/gdTCMGKH

Reminder - Timberland 101 Webinar August 8 at 1:00 pm Central Timberland 101 Tracy Buran Evens from Timberlink will be on hand to provide a snapshot of the Timber universe and fundamentals and provide a historical peek of the NCREIF Timberland Index. She will be followed by NCREIF staff who will review the NCREIF Timberland Index products available to members and subscribers. Attendees will be eligible for CPE. Register here: https://lnkd.in/gdh3d4bh

Join us for our next membership webinar! August 6 at 12n Central Time Join us for this webinar hosted by the Performance Measurement Committee. The Committee Chairs and Task Force leaders will provide the goals and updates on initiatives in progress, including: • Attribution • Dividend Yield • SEC Marketing Rule • Negative Equity Discussion Paper • RS Performance Manual Review Attendees with be eligible for CPE! Register here: https://lnkd.in/gs4v2Fc6