Intercontinental Real Estate Corporation Announces
Acceptance into NCREIF’s ODCE Index
Boston, July 24, 2018 - Intercontinental is pleased to announce that as of Q2 2018, U.S. Real Estate Investment Fund (U.S. REIF) has been accepted into NCREIF’s (National Council of Real Estate Fiduciaries) ODCE Index. The ODCE has been the comparable index for U.S. REIF since its inception. “The NFI-ODCE, short for NCREIF Fund Index - Open End Diversified Core Equity, is the first of the NCREIF Fund Database products and is an index of investment returns reporting on both a historical and current basis the results of 36 open-end commingled funds pursuing a core investment strategy, some of which have performance histories dating back to the 1970s. The NFI-ODCE Index is capitalization-weighted and is reported gross of fees. Measurement is time-weighted. NCREIF will calculate the overall aggregated Index return.” (According to NCREIF.org)
It is important to note that there have been no changes to the Fund’s strategy. U.S. REIF will continue to be a balanced portfolio of yield-driven real estate and real estate–related assets that are broadly diversified by geography and property type. The objectives of the Fund are to preserve and protect investors’ capital, provide potential for capital appreciation, produce income on invested capital of approximately 5% gross per annum, and target total annual average returns of approximately 8-10% gross per annum.
About Intercontinental Real Estate Corporation
Intercontinental Real Estate Corporation is an SEC registered investment adviser with deep expertise in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental has managed, developed, and owned over $10 billion in real estate property. Today, Intercontinental owns and manages a portfolio in excess of $7.0 billion for its clients. Intercontinental balances its portfolio both by robust property mix and by geographic diversification, while actively seeking opportunities to invest in both core and core plus, as well as value-add development projects. Visit www.Intercontinental.net for more information.