GIG has licensed the index families of three different index providers to be able to use them in creating duETS.
Index Providers
National Council of Real Estate Investment Fiduciaries (“NCREIF”) – NCREIF is a member-driven, not-for-profit association that improves private real estate investment industry knowledge by providing transparent and consistent data, performance measurement, analytics, standards and education.
“Established over 35 years ago, NCREIF serves the institutional real estate investment community as its Data Central, representing the largest, most robust and diverse database of country-specific real estate assets in the world. NCREIF produced the first property level return index, the NCREIF Property Index (NPI), dating back to 1978 to capture investment performance records that meet the rigorous scrutiny and review of major investors and academia.”
-Blake Eagle, Founder of NCREIF
Real Capital Analytics (“RCA”) Commercial Property Price Index (“CPPI”) – The RCA CPPI utilizes the property data in its commercial property database. The index uses the repeat sales methodology while representing a far broader set of properties than NCREIF. For duETS users wanting to hedge B and C class properties, we believe the RCA index family will be a better fit.
S&P CoreLogic Case-Shiller Housing – The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.