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NCREIF Mission

NCREIF Mission. NCREIF is a not-for-profit trade association that serves its membership and the academic and investment community’s need for improved commercial real estate data, performance measurement, investment analysis, information standards, education, and peer group interaction by:

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NCREIF Mission

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  1. NCREIF Mission NCREIF is a not-for-profit trade association that serves its membership and the academic and investment community’s need for improved commercial real estate data, performance measurement, investment analysis, information standards, education, and peer group interaction by: Collecting, processing and reporting data in a secure environment; Producing performance measurement indices; Encouraging academic and member use of NCREIF data for objective research; Providing forums with strong educational content to address industry issues; Publishing informed industry related articles and performance reports; and Contributing to the development of real estate information standards.

  2. NCREIF Membership Institutional Real Estate Investment Managers – 94 Major Pension Funds – 44 Service Providers (Appraisers, Accountants, Consultants, Analysts) – 102 Academics – Professors of Real Estate at major universities – 40

  3. NCREIF Data Products & Services NCREIF Property Index (NPI) Several Report and Spreadsheet products Fund Indices Open End Diversified Core Equity (NFI-ODCE) NCREIF Townsend Fund Indices NFI All Open End Fund Index NCREIF Farmland Index NCREIF Timberland Index Custom Data Products Website Query Tool Operating Database Query Tool Special Data Runs Specified by Members

  4. NCREIF Property Database as of 6-30-12Wealth of information on trends and performance • Data Set # Props$ Market Value • Tax Exempt • Core 7,154310.1 Billion • Non-Core 1,04024.6 Billion Sub Total 8,194$334.8 Billion • Taxable • Core 74225.4 Billion • Non-Core 1042.5 Billion Sub Total 846$27.9 Billion • Total Active 9,040$362.7 Billion

  5. NCREIF: Recap of 2012 Objectives

  6. Common Template Initiative – Current State Data Flow: • Data contributors send data to many different receivers each quarter. • Existing process adds excess time and pressure on the data contributors by: • Having to submit data in different collection formats. • Data definitions varying slightly between receivers. • Providing data on different schedules. • Often the data sent is the same (common) between receivers. • Receivers are responsible for validating data each quarter.

  7. Common Template Initiative – Future State Data Flow:

  8. ProjectOverview: • Streamline and consolidate data submission and delivery: • Single industry common submission template for Fund, Property and Investment level data. • NCREIF performs validation with contributors prior to distribution. • Provide data to recipients in desired format and when needed. ProjectBenefits: • Decrease time and cost data contributors spend processing data collection templates and sending to: • Consultants • Index producers • Other industry analytical firms • Decrease data validation time and cost spent validating the data each quarter. • Deliver validated data to consultants and other users in desired format to support their existing systems and business process. • Ensure member consent in how their information is used. • Provide open-architecture and low-cost access to high-quality information.

  9. NCREIF 2013-2014 Preliminary Objectives Additional suggestions from NAREIM members?

  10. Boards of Directors: NCREIF, Inrev & Anrev

  11. On behalf of the NCREIF Board of Directors Thank you!

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