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The Q3 2021 GREFI All Funds Index posts strongest performance in over 15 years

The Global Real Estate Fund Index (GREFI) delivered a total return of 4.31% in Q3 2021, its strongest quarterly result since Q4 2005.

This release includes 493 funds with a combined GAV of USD959.31 billion as of the end of Q3 2021.

Key highlights include:

  • The strong performance of the GREFI All Funds Index was mostly driven by US focused funds, which saw a 260 bps quarterly increase in total return this quarter
  • Europe focused funds reported a 19 bps quarter-on-quarter increase in performance while Asia Pacific focused funds showed a 206 bps decline this quarter.
  • Non-core funds outperformed their core equivalents for the sixth consecutive quarter

Download the report, Excel and snapshots below for detailed GREFI data

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Global Real Estate Fund Index (GREFI) Quarterly  

Published on 18 Mar 2025