Performance Benchmarks Based on Data from 680-Plus Global Institutional-Quality Real Estate Funds to be Posted Publicly Each Quarter
BOSTON, MA (November 6, 2013) – Cambridge Associates will make its global private real estate investment performance benchmarks available publicly on a quarterly basis.
The Cambridge fund-level benchmark is designed to be among the most robust for private real estate investments. Like other Cambridge benchmarks, the performance data is derived from quarterly and annual audited financial statements and cash flow information provided directly from fund managers instead of from surveys, Freedom of Information Act requests, or online research. The benchmark is comprised of information from more than 680 institutional-quality funds from around the world focusing primarily on the value-add and opportunistic real estate categories.
“Institutional investors are scrutinizing their real estate investments more closely and are looking for additional tools to evaluate them. We believe the Cambridge private real estate benchmark adds significant value to their efforts,” said Marc Cardillo, Managing Director at Cambridge Associates, the global investment advisor to institutions and private clients.
“The global real estate downturn that occurred about six years ago had a big impact on many institutional funds, which has led institutional investors to reconsider the role of private real estate in their portfolios. The data shows that the performance of private real estate has been somewhat disappointing compared to that of other illiquid private investments. While this is not prompting investors to abandon private real estate, they are closely scrutinizing performance data and paying even more attention to factors like leverage, valuations and yields,” said Meagan Nichols, Managing Director at Cambridge Associates.
The private real estate benchmark includes indices and since inception performance data. The data as of June 30, 2013 can be found here.
About Cambridge Associates
Founded in 1973, Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Today the firm serves over 950 global investors and delivers a range of services, including investment consulting, outsourced portfolio solutions, research services and tools (Research Navigatorsm and Benchmark Calculator), and performance monitoring, across asset classes. The firm compiles the performance results for over 5,400 private partnerships and their more than 68,000 portfolio company investments to publish its proprietary private investments benchmarks. Cambridge Associates has more than 1,100 employees serving its client base globally and maintains offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. Cambridge Associates consists of five global investment consulting affiliates that are all under common ownership and control. For more information about Cambridge Associates, please visit www.cambridgeassociates.com.
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