Not a cohortThe NCRIEF national US index shows the performance of property, but doesn't take into account the structure and strategies of real estate funds.
| Year | Quarter1 | Quarter 2 | Quarter 3 | Quarter 4 | Annual Return | Since Inception Return Annualized |
| 2003 | 1.88% | 2.09% | 1.97% | 2.76% | 9.00% | 9.34% |
| 2004 | 2.56% | 3.13% | 3.42% | 4.66% | 14.49% | 9.52% |
| 2005 | 3.51% | 5.34% | 4.44% | 5.43% | 20.06% | 9.88% |
| 2006 | 3.62% | 4.01% | 3.51% | 4.51% | 16.60% | 10.11% |
| 2007 | 3.62% | 4.59% |
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