003 · Benchmarks · by asset class
Real Estate.
76 distinct benchmarks from 10 index providers, named across 93 plans. Benchmarks are grouped by who publishes them; each table lists the plans that use the benchmark, the label they give the sleeve, and their document.
NCREIF (72) · FTSE (11) · MSCI (4) · Cambridge Associates (2) · Burgiss (1) · CPI / inflation-plus (1) · Giliberto-Levy (1) · Russell (1) · S&P (1) · Not stated (3)
NCREIF
51 benchmarks · 72 plans
NCREIF ODCE
21 plans
NCREIF NPI
6 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Alabama ERS | Real Estate | Our copy | Plan's site |
| Austin Fire | Value Add Real Estate | Our copy | Plan's site |
| Boston RS | Real Estate | Our copy | — |
| Chicago Laborers | Opportunistic Real Estate | Our copy | Plan's site |
| Dallas Police and Fire | Real Estate | Our copy | Plan's site |
| Houston Municipal | Real Estate | Our copy | Plan's site |
NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)
3 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Missouri PSRS/PEERS | Private Real Estate Program | Our copy | Plan's site |
| Pennsylvania State ERS | Real Estate | Our copy | Plan's site |
| Texas ERS | Real Estate | Our copy | Plan's site |
NCREIF
2 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Louisiana Municipal Police | Real Estate | Our copy | — |
| Nashville-Davidson ERS | Real Estate | Our copy | Plan's site |
NCREIF ODCE + 50 bps
2 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Colorado PERA | Real Estate | Our copy | Plan's site |
| Los Angeles Fire and Police | Real Estate (Private) | Our copy | Plan's site |
NCREIF ODCE Value Weight Net
2 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Chicago Teachers | Real Estate | Our copy | Plan's site |
| Illinois Universities | Core/Core-Plus Real Estate | Our copy | Plan's site |
60% NCREIF ODCE/40% NCREIF ODCE + 1%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Sacramento County ERS | Real Estate | Our copy | Plan's site |
83.3% NCREIF Fund – Open-ended Diversified Core Equity () + 16.7% (NCREIF ODCE + 1.5%)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Florida RS | Real Estate | Our copy | Plan's site |
Custom Real Estate Benchmark (blend of FTSE NAREIT Equity and NCREIF NCREIF ODCE Value Weight Net )
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Cook County ERS | Real Estate | Our copy | Plan's site |
Expanded NCREIF NPI
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Louisiana Teachers | Core Real Estate | Our copy | Plan's site |
Expanded NCREIF NPI (one quarter in arrears)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Ohio School Employees | Global Real Estate | Our copy | Plan's site |
Expanded NCREIF NPI + 2%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Louisiana Teachers | Non-Core Real Estate | Our copy | Plan's site |
Expanded NCREIF NPI less 0.75% per year
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Nevada PERS | Private Real Estate | Our copy | Plan's site |
NCREIF Fund - Open End Diversified Core Equity
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Kern County ERS | Core Real Estate | Our copy | Plan's site |
NCREIF Fund -ODCE (Equal Weighted)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Louisiana Schools | Real Estate | Our copy | Plan's site |
NCREIF Fund Open-end Diversified Core Equity (NFIODCE)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Arkansas Teachers | Real Estate | Our copy | Plan's site |
NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE) + 0.5%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| San Diego City ERS | Real Estate | Our copy | Plan's site |
NCREIF NCREIF ODCE ()
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New Hampshire RS | Real Estate | Our copy | Plan's site |
NCREIF NPI - ODCE
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Jacksonville Police and Fire | Core Real Estate · Non-Core Real Estate | Our copy | Plan's site |
NCREIF NPI / MSCI US REIT
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New Mexico Educational | Real Estate/REITs | Our copy | Plan's site |
NCREIF NPI less 130 basis points / NCREIF Fund – Open End Diversified Core Equity (NCREIF ODCE)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Michigan Office of Retirement Services | Real Estate & Infrastructure | Our copy | Plan's site |
NCREIF NPI or Open-End Core Equity (NCREIF ODCE) Value Weight net
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Idaho PERS | Real Estate (Open-End/Closed-End Funds and Private) | Our copy | Plan's site |
NCREIF NPI plus 50 basis points (, rolling 5-year)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Los Angeles Water and Power | Real Estate | Our copy | Plan's site |
NCREIF NPI – Private Real Estate / NAREIT Equity – Public Real Estate
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Chicago Police | Real Estate | Our copy | Plan's site |
NCREIF ODCE (1 Qtr Arrears)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Texas Teachers | Real Estate | Our copy | Plan's site |
NCREIF ODCE (3-Month lagged)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| LA County ERS | Core Real Estate | Our copy | Plan's site |
NCREIF ODCE (ODCE)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Tennessee Consolidated Retirement System | Real Estate | Our copy | Plan's site |
NCREIF ODCE (VW)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Oklahoma Fire | Real Estate | Our copy | Plan's site |
NCREIF ODCE + 0.4%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Maryland State Retirement and Pension System | Real Estate | Our copy | Plan's site |
NCREIF ODCE + 0.5% annually
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Oklahoma Teachers | Real Estate | Our copy | Plan's site |
NCREIF ODCE + 0.8%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Los Angeles ERS | Private Real Estate | Our copy | Plan's site |
NCREIF ODCE + 1%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| West Virginia Investment Management Board | Real Estate | Our copy | Plan's site |
NCREIF ODCE + 2%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Vermont Pension Investment Commission | Non-Core Real Estate | Our copy | Plan's site |
NCREIF ODCE + 2.25% (3-Month lagged)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| LA County ERS | Non-Core Private Real Estate | Our copy | Plan's site |
NCREIF ODCE Equal Weight
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Mississippi PERS | Real Estate Core | Our copy | — |
NCREIF ODCE Equal Weighted
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Austin Fire | Core Real Estate | Our copy | Plan's site |
NCREIF ODCE Net
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Oklahoma Police | Core Real Estate · Opportunistic Real Estate | Our copy | Plan's site |
NCREIF ODCE Value Weight Net+1.5%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Illinois Universities | Non-Core Real Estate | Our copy | Plan's site |
NCREIF ODCE non-lagged
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| University of California | Real Estate | Our copy | Plan's site |
NCREIF Total
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Mississippi PERS | Real Estate · Real Estate Value-Added | Our copy | — |
NCREIF – ODCE NET
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Fairfax County Schools | Real Estate | Our copy | Plan's site |
NCREIF-ODCE
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New York State Teachers | Real Estate Equity | Our copy | Plan's site |
NCREIF-ODCE + 0.5%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Oregon PERS | Real Estate | Our copy | Plan's site |
NCRIEF NPI + 1%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| West Virginia Investment Management Board | Real Estate (Secondary) | Our copy | Plan's site |
NFI - ODCE + 1%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New York City ERS | Real Estate | Our copy | — |
NPI
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Baltimore City Employees | Real Estate | Our copy | Plan's site |
National Council of Real Estate Investment Fiduciaries (NCREIF) Open End Diversified Core Equity (ODCE) NCREIF ODCE
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Missouri State Employees | Private Real Estate | Our copy | Plan's site |
Net NCREIF ODCE + 85 bps
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Ohio PERS | Real Estate | Our copy | Plan's site |
Open End Diversified Core Equity (NCREIF ODCE )
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Connecticut Retirement Plans and Trust Funds | Real Estate | Our copy | Plan's site |
Real Estate Blended Benchmark: 85% NCREIF Fund – ODCE Value-Weight , 15% FTSE NAREIT Equity REITs
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Ohio Teachers | Real Estate | Our copy | Plan's site |
FTSE
11 benchmarks · 11 plans
FTSE EPRA/NAREIT Developed
2 plans
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| California PERF | CERBT - REITs · JRSII - REITs · LRS - REITs · CEPPT - REITs | Our copy | Plan's site |
| Louisiana Teachers | REITs | Our copy | Plan's site |
50% Dow Jones US Real Estate Securities and 50% FTSE EPRA/NAREIT Developed
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Los Angeles Fire and Police | Real Estate (Public) | Our copy | Plan's site |
FTSE EPRA NAREIT Developed Real Estate (Net Div)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Chicago Fire | Global REITs | Our copy | Plan's site |
FTSE EPRA NAREIT Global
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| District of Columbia Retirement Board | Real Estate | Our copy | Plan's site |
FTSE EPRA NAREIT Global Developed
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Los Angeles Water and Power | Real Estate - Public REITs | Our copy | Plan's site |
FTSE EPRA NAREIT Global REIT GD (qtr. lag)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Hawaii ERS | Real Estate | Our copy | Plan's site |
FTSE EPRA Nareit Developed 100% Hedged to USD Net Tax
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| California PERF | LTC - REITs | Our copy | Plan's site |
FTSE EPRA Nareit Global Equity
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New Mexico PERA | Illiquid Real Estate | Our copy | Plan's site |
FTSE EPRA/NAREIT Developed, Net
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Pennsylvania School Employees | Public Real Estate | Our copy | Plan's site |
FTSE NAREIT Equity REITs USD
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Ohio PERS | REITs | Our copy | Plan's site |
US Select REIT/NAREIT
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Mississippi PERS | Real Estate REITs | Our copy | — |
MSCI
4 benchmarks · 4 plans
50% Custom MSCI Global Private Opportunistic Real Estate Closed-End Fund Benchmark (USD), lagged 1 quarter and 50% Custom MSCI Global Private Value-Added Real Estate Closed-End Fund Benchmark (USD), lagged 1 quarter
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Minnesota State Board of Investment | Private Real Estate | Our copy | Plan's site |
MSCI Global Private Real Estate Closed End Fund Frozen
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Houston Firefighters | Real Estate | Our copy | Plan's site |
MSCI Global Private Real Estate Closed-End Fund (Frozen; USD), one
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Pennsylvania School Employees | Private Real Estate | Our copy | Plan's site |
MSCI US REIT, Dow Jones Select REIT, NAREIT all Equity, or Wilshire REIT
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Idaho PERS | Real Estate (Passive REIT Index) | Our copy | Plan's site |
Cambridge Associates
2 benchmarks · 2 plans
Cambridge Real Estate
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Texas County & District | Private Real Estate Partnerships | Our copy | Plan's site |
Cambridge Value Add Real Estate
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Employees' Retirement System of Rhode Island | Non-Core Real Estate | Our copy | Plan's site |
Burgiss
1 benchmark · 1 plan
TRS Real Estate (mix of NCREIF ODCE, Burgiss Value Add, and Burgiss Opportunistic indices)
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Illinois Teachers | Real Estate | Our copy | Plan's site |
CPI / inflation-plus
1 benchmark · 1 plan
CPI+3%
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Alabama Teachers | Real Estate | Our copy | Plan's site |
Giliberto-Levy
1 benchmark · 1 plan
Giliberto-Levy Custom
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| New York State Teachers | Real Estate Debt | Our copy | Plan's site |
Russell
1 benchmark · 1 plan
Russell 3000
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Idaho PERS | Real Estate (Asset Class Total) | Our copy | Plan's site |
S&P
1 benchmark · 1 plan
67% FTSE NAREIT All Equity REITs +33% S&P Global REIT
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Texas County & District | REIT Equities | Our copy | Plan's site |
Not stated
3 benchmarks · 3 plans
Not explicitly named in IPS
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| North Dakota Teachers | Real Estate | Our copy | Plan's site |
Real estate investment trust benchmarks
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Alaska Retirement Management Board | Real Estate - REIT | Our copy | Plan's site |
See Real Estate Investment Policy
1 plan
| Plan | Labelled as | IPS | Source |
|---|---|---|---|
| Ohio Police & Fire | Real Estate | Our copy | Plan's site |