what is the market value of odce
In 2005, NCREIF released an open-end Fund level index, the NCREIF Fund Index-Open End Diversified Core Equity (NFI-ODCE). Different from the NPI, the NFI-ODCE is comprised of only open-end funds, and excludes all the closed-end and separate account real estate portfolios. The NFI-ODCE index reports on both a historical and current basis the results of 23 open-end, commingled funds pursuing a core investment strategy. Currently, the benchmark includes funds with total market value of $142 billion, net real estate asset value. The index includes property investments at ownership share, cash balances and leverage, allowing it to reflect the fund's actual asset ownership positions and financing strategy.