Why it matters
The index offers a measure of returns for commercial real estate held by participating investors; the figures may inform property owners’ and investors’ assessments of that market, but they do not represent every property or investor.
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The NCREIF Property Index recorded a 1.41% total return in the third quarter of 2026, up from 1.29% in the second quarter, according to Connect CRE. Seniors housing led the reported property sectors, returning 5.98%.
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The index offers a measure of returns for commercial real estate held by participating investors; the figures may inform property owners’ and investors’ assessments of that market, but they do not represent every property or investor.