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Committees
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A Different Look at Commercial Real Estate Returns. Download |  View Abstract
Research Committee
Mike Miles, Rebel Cole, and David Guilkey , September 1988
A Fundamental Examination of Securitized and Unsecuritized Real Estate Download |  View Abstract
Research Committee
Joseph L. Pagliari, Jr and James R. Webb , August 1995
A Transaction-Based Index of Commercial Property and Its Comparison to the NCREIF Index. Download |  View Abstract
Index Policy Committee
Dean Gatzlaff and David Geltner , April 1998
Accounting & Reporting for Carried Interest Download |  View Abstract
Performance Measurement Committee
NCREIF Performance Measurement Committee's Value Added & Opportunity Funds Sub Committee , June 2004
Accounting by the Buyer for Seller’s Guarantees on Real Estate Investments Stated at Current Value Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee , June 1988
Accounting Issues in Current Value Reporting and Impact on Performance Measurement. Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee, May 1988 , September 1988
Alternative Measures of Real Estate Performance: Exploring the Russell/NCREIF Database. Download |  View Abstract
Index Policy Committee
Jeffrey D. Fisher , January 1994
An Empirical Evaluation of the Reliability of Commercial Appraisals, 1978-1990. Download |  View Abstract
Research Committee
Mike Miles, David Guilkey, Brian Webb and Kevin Hunter , August 1991
An Examination of Institutional Real Estate Performance Indices (Thesis). Download |  View Abstract
Research Committee
Philip D. Galiano , July 1991
An Updated Look at the Size of the U.S. Real Estate Market Portfolio. Download |  View Abstract
Research Committee
David J. Hartzell, Robert H. Pittman and David H. Downs , April 1992
Apartment REITs and Apartment Real Estate. Download |  View Abstract
Research Committee
Youguo Liang, Arjun Chatrath and Willard McIntosh , January 1996
Are Commercial Real Estate Returns Normally Distributed? Download |  View Abstract
Research Committee
F.C. Neil Myer and James R. Webb , January 1991
Asset Allocation Decisions: Limitations of the FRC Index. Download |  View Abstract
Research Committee
Peter D. Linneman , September 1989
Calculating ‘Effective’ Rental Rates in Analyzing Proposed Real Estate Acquisitions. Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee , July 1986
Can Fiduciaries Avoid Liability Under Environmental Law? Download |  View Abstract
Portfolio Management Committee
George C. Weir , July 1992
Cash Flow versus NOI: An Analysis of Capital Expenditures for Malls (Preliminary). Download |  View Abstract
Research Committee
Jeffrey D. Fisher , March 1995
Coding Factors and Data Base Formats for Real Estate Investment Properties Performance (Preliminary Report). Download |  View Abstract
Index Policy Committee
Thomas P. Tossy and Craig Hungerford , September 1983
Coping with Hazardous Waste – Hazardous Waste: Hazardous Headache to Borrowers, Lenders and Their Counsel. Download |  View Abstract
Portfolio Management Committee
Roger D. Schwenke , October 1989
Dances with the Wolves of Systematic Risk. Download |  View Abstract
Research Committee
NCREIF Research Committee , March 1993
Defining Commercial Property Income and Appreciation Returns for Comparability to Stock Market-Based Measures Download |  View Abstract
Research Committee
Young, Geltner, McIntosh, Poutasse , January 1995
Determining Normalized Capital Expenditures for Apartment REITs. Download |  View Abstract
Research Committee
Eric I. Hemel, Ross L. Smotrich, Steve Sakwa and Virginia S. Dawson , March 1996
Developing a Real Estate Performance Index. Download |  View Abstract
Index Policy Committee
Blake Eagle , June 1983
Developing an Intuitive Understanding of the IRR. Download |  View Abstract
Performance Measurement Committee
W. Tod McGrath , June 1985
Development of an Effective Rent Index for U.S. Office Space, 1982-1990 (Preliminary draft). Download |  View Abstract
Research Committee
Jeffrey D. Fisher and Brian Webb , March 1992
Disaggregating the FRC/NCREIF Index: Statistical Analysis of the Required Number of Observations Within Data Cells. Download |  View Abstract
Research Committee
David J. Hartzell and C.F. Sirmans , September 1990
Do Forest Assets Hedge Inflation? Download |  View Abstract
Research Committee
Courtland Washburn and Clark S. Binkley , August 1993
Downtown Houston Office Market. Download |  View Abstract
Research Committee
Aetna Realty Investors Research Group , March 1990
Drums Along the Efficient Frontier. Download |  View Abstract
Research Committee
Michael S. Young and D. Wylie Greig , January 1993
Equity Real Estate Returns: Evidence from the Russell/NCREIF Data Base, 1978-1992. Download |  View Abstract
Research Committee
Michael S. Young , August 1993
Equity Real Estate Returns: Some New Evidence from the Russell/NCREIF Data Base (Draft). Download |  View Abstract
Research Committee
Michael S. Young , March 1993
Estimating Market Values from Appraised Value Without Assuming an Efficient Market. Download |  View Abstract
Valuation Committee
David Geltner , August 1992
Fickle Obsolescence. Download |  View Abstract
Valuation Committee
Romain L. Klaasen. , July 1989
Fiduciaries and CERCLA. Download |  View Abstract
Portfolio Management Committee
Michael L. Graham and Philip M. Lindquist , August 1992
Financial Institutions and the Collapse of Real Estate Markets. Download |  View Abstract
Portfolio Management Committee
Donald D. Hester , August 1992
First Quarter 2008 Reporting Guidance Download |  View Abstract
Accounting Committee
NCREIF Accounting and Performance Measurment Committees , April 2008
First Quarter 2008 Reporting Guidance Download |  View Abstract
Performance Measurement Committee
NCREIF Accounting and Performance Measurment Committees , April 2008
Forecasting Office Rental Rates: Neoclassical Support for Change. Download |  View Abstract
Valuation Committee
David L. Clark and Charles G. Dannis , January 1992
Forecasts Boxed into a Corner or Forecasting MSA Employment Growth in the Future (Preliminary Draft). Download |  View Abstract
Research Committee
Glenn R. Mueller and Stephen P. Laposa , September 1993
Going Beyond the AIMR Performance Presentation Standards: Recommendations on Distributed Income Returns. Download |  View Abstract
Performance Measurement Committee
NCREIF Performance Measurement Disaggregation Subcommittee , October 1995
Guidance for an Experiment on Reporting Current Value Information for Real Estate. Download |  View Abstract
Accounting Committee
American Institute of Certified Public Accountants’ Real Estate Accounting Committee , December 1984
Guidelines for Insurance Language for Leases Download |  View Abstract
Portfolio Management Committee
NCREIF Risk Management Committee.
Guidelines for Preparation of Appraisal Engagement Letter. Download |  View Abstract
Valuation Committee
NCREIF Valuation Committee , January 1992
Hybrid Mortgage Instruments: Property with a Kink (Preliminary Draft). Download |  View Abstract
Research Committee
Jeffrey D. Fisher and R. Brian Webb , September 1990
Hybrid Mortgage Valuation and Option Pricing Theory. Download |  View Abstract
Research Committee
R. Brian Webb and Jeffrey D. Fisher , January 1994
Income and Appraised Values: A Reexamination of the FRC Returns Data (Draft). Download |  View Abstract
Research Committee
William C. Wheaton and Raymond G. Torto , March 1989
Industrial Diversification and Real Estate Portfolio Performance. Download |  View Abstract
Research Committee
David J. Hartzell, C.F. Sirmans and George E. Thomas , February 1992
Intrametropolitan Location and Office Market Dynamics. Download |  View Abstract
Research Committee
John Clapp, Henry Pollakowski and Lloyd Lynford , January 1992
Investment Styles Definitions Download |  View Abstract
Portfolio Management Committee
NCREIF Portfolio Management Committee , February 2004
Land Valuation. Download |  View Abstract
Valuation Committee
NCREIF Valuation Committee , January 1991
Leveraged Property Index Report. Download |  View Abstract
Index Policy Committee
Joseph Gyourko , May 1991
Making a Case for the Russell/NCREIF Indexes (monograph). Download |  View Abstract
Index Policy Committee
David Brunette and Mike Miles , June 1992
Making Sense of the NPI - A New Formulation Revisited Download |  View Abstract
Research Committee
Michael S. Young , January 2005
Market Analysis in the Appraisal Process Download |  View Abstract
Valuation Committee
D. Richard Wincott and Glenn R. Mueller , January 1995
Market Analysis in the Appraisal Process Download |  View Abstract
Research Committee
D. Richard Wincott and Glenn R. Mueller , January 1995
Market Analysis in the Appraisal Process Download |  View Abstract
Valuation Committee
D. Richard Wincott, MAI and Glenn R. Mueller, PhD , January 1995
Market Value Accounting by Institutional Investors: Considerations in the Valuation of Commercial Mortgage Assets and Liabilities. Download |  View Abstract
Valuation Committee
Charles G. Dannis, Daniel C. Mackowiak and Ross Prindle. , December 1997
Measuring Real Estate Investment Performance: A Revised Approach. Download |  View Abstract
Performance Measurement Committee
William B. Brueggeman and S. Michael Giliberto , May 1987
NCREIF Position on the Treatment of Advisor Fees. Download |  View Abstract
Performance Measurement Committee
NCREIF Performance Measurement Committee’s Treatment of Advisor Fees Subcommittee , October 1998
NCREIF’s Guidance for Firm Level Compliance, Composite Construction and Verification for Private U.S. Equity Real Estate Under the AIMR Performance Presentation Standards. Download |  View Abstract
Performance Measurement Committee
NCREIF Performance Measurement Committee’s AIMR Compliance and Verification Subcommittee , October 1998
Net Operating Income Index (Preliminary Results). Download |  View Abstract
Index Policy Committee
Jeffrey D. Fisher, R. Brian Webb, Michael S. Young and Lloyd Lynford
New Indicator Helps Investors Rate Institutional Properties. Download |  View Abstract
Index Policy Committee
Robert Guenther. , October 1983
Office Rent Indices and Their Behavior Over Time (Draft). Download |  View Abstract
Research Committee
William C. Wheaton and Raymond G. Torto , February 1992
On the Nature of Systematic Risk in Commercial Real Estate. Download |  View Abstract
Research Committee
Mike Miles, Brian Webb and David Guilkey , August 1990
On the Reliability of Commercial Appraisals: An Analysis of Properties Sold from the Russell/NCREIF Index 1978-1992. Download |  View Abstract
Research Committee
R. Brian Webb, June 1993. Second Reproduction, December 1993. , March 1994
On the Use of a Cash-Flow Time-Series to Measure Property Performance. View Abstract
Research Committee
Jesse M. Abraham , January 1996
Past and Future Sources of Commercial Real Estate Returns. Download |  View Abstract
Research Committee
Joseph L. Pagliari, Jr. and James R. Webb
Portfolio Performance Analysis for Real Estate Investment Trusts. Download |  View Abstract
Research Committee
Theodore D. Sternberg , October 1995
Property Investment Performance in the UK (a speech). Download |  View Abstract
Index Policy Committee
Presented by Ian Reid , January 1987
Property Performance Indices in the United Kingdom and the U.S. Download |  View Abstract
Index Policy Committee
Jacques Gordon , September 1990
Proposal for Calculating a Price Index for SIC 6512 Owners/Lessors of Nonresidential Building. Download |  View Abstract
Index Policy Committee
Arlene Dohm and Shane Todd , May 1993
Proposal to Change Definition of Returns in the Russell/NCREIF Property Index. Download |  View Abstract
Research Committee
Michael Young, David Geltner, Will McIntosh and Douglas Poutasse , January 1994
Prospectus to AICPA on Scope Project Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee , February 2004
Quarterly Unsmoothing of the NCREIF Index without Assuming an Efficient Market: A Transactions-Based Version of the NCREIF Index (Preliminary Version). Download |  View Abstract
Research Committee
Jeff Fisher and David Geltner, , January 2000
Random Disaggregate Appraisal Error in Commercial Property: Evidence from the Russell-NCREIF Database Download |  View Abstract
Research Committee
David M. Geltner, Richard A. Graff and Michael S. Young , October 1994
Rate of Return Calculations for Real Estate Investment Performance: Suggested Approaches (excerpt). Download |  View Abstract
Performance Measurement Committee
William B. Brueggeman and S. Michael Giliberto , January 1987
Rates of Return Used in Analysis and Reporting by Real Estate Investment Managers. Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee, July 1986. Edited Baczewski, Brueggman & Diehl, August 1987 , January 1988
Real Estate Investment Mgmt Agreement Sample Outline Download |  View Abstract
Portfolio Management Committee
NCREIF Portfolio Management Committee , November 2004
Real Estate Return Correlations: Real-World Limitations on Relationships Inferred from NCREIF Data. Download |  View Abstract
Research Committee
Richard A. Graff and Michael S. Young , January 1996
Real Estate Wealth – How Big is the Pie? Download |  View Abstract
Research Committee
Mike Miles , December 1989
Recommendation to Amend the AIMR Performance Presentation Standards to include the Internal Rate of Return for Real Estate Discretionary Closed-End Funds and Discretionary Separate Accounts (a NCREIF Download |  View Abstract
Performance Measurement Committee
NCREIF Performance Measurement Committee’s Alternative Measures Subcommittee , October 1998
Regional Mall Market Analysis (Existing Property). Download |  View Abstract
Valuation Committee
Peter F. Korpacz , September 1994
REIT Returns and Economic News. Download |  View Abstract
Research Committee
F.C. Neil Myer and James R. Webb , June 1990
Reporting Results from Investments in Real Estate Joint Ventures and Similar Arrangements. Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee , October 1992
Retail Market Analysis – Why the Numbers Don’t Add Up. Download |  View Abstract
Valuation Committee
William H. Miller, John R. Jaeger and Eugene W. Stunard, June 1995.
Return Properties of Equity REITS, Common Stocks and Commercial Real Estate: A Comparison. Download |  View Abstract
Research Committee
F.C. Neil Myer and James R. Webb , January 1992
Returns from Metropolitan Areas: Will 1994 be a Rebound Year? Download |  View Abstract
Research Committee
David Brunette , April 1994
Smoothing in Appraisal-Based Returns. Download |  View Abstract
Research Committee
David M. Geltner , February 1991
Spatial Filtering: Concentration or Dispersion of NCREIF Institutional Investment. Download |  View Abstract
Research Committee
Leon Shilton and Craig Stanley , January 1990
Supply & Demand Analysis: Existing Apartment Complex – Atlanta, GA Download |  View Abstract
Valuation Committee
NCREIF Valuation Subcommittee , March 1995
Systematic Risk and Diversification in the Equity REIT Market. Download |  View Abstract
Research Committee
Joseph Gyourko and Edward Nelling , April 1994
Terminal Capitalization Rates and Reasonableness. Download |  View Abstract
Valuation Committee
D. Richard Wincott , April 1991
Texas Real Estate Markets Download |  View Abstract
Research Committee
Aetna Realty Investors Research Group , May 1990
The Decade Ahead. Download |  View Abstract
Valuation Committee
James E. Gibbons , April 1990
The Effect of Benchmark Choice on Risk-Adjusted Performance Measures for Commingled Real Estate Funds. Download |  View Abstract
Research Committee
F.C. Neil Myer and James R. Webb , June 1992
The Effect of Sampling Error on Mixed-Asset Portfolio Allocations. Download |  View Abstract
Research Committee
F.C. Neil Myer and James R. Webb , July 1991
The Impact of Inflation and Vacancy of Real Estate Returns. Download |  View Abstract
Research Committee
Charles Wurtzebach, Glenn R. Mueller and Donna Machi , July 1991
The Implications of Capital Expenditures for Mall REITs’ Cash Flow and Growth Prospects. Download |  View Abstract
Research Committee
Penobscot Group , March 1996
The Implications of Demographic and Job Shifts for Future Real Estate Investment Performance. Download |  View Abstract
Research Committee
Stephen J. Appold and John D. Kasarda , April 1991
The Integration of Commercial Real Estate Markets and Stock Markets (Preliminary Draft). Download |  View Abstract
Research Committee
David C. Ling and Andy Naranjo , December 1996
The Internal Rate of Return in Real Estate Investments (A Research Monograph). Download |  View Abstract
Performance Measurement Committee
Charles B. Akerson
The Laws of Real Estate Dynamics. Download |  View Abstract
Valuation Committee
David M. Bradley , July 1990
The Lodging Property Index. Download |  View Abstract
Index Policy Committee
John B. Corgel and Jan A. deRoos , October 1996
The Market Value of Partial Interests in Real Property. Download |  View Abstract
Valuation Committee
Lloyd D. Hanford , October 1989
The Motivation for Institutional Real Estate Sales and Implications for Asset Class Returns. Download |  View Abstract
Research Committee
David Guilkey, Mike Miles and Rebel Cole , December 1988
The Present Value Model with Time-Varying Discount Rates: Implications for Commercial Property Valuation and Investment Decisions. Download |  View Abstract
Research Committee
David Geltner and Jianping Mei , January 1994
The Relative Status of the Real Estate Appraisal Business. View Abstract
Valuation Committee
John R. White , July 1986
The Risk and Return Characteristics of Stock Market-Based Real Estate Indexes. Download |  View Abstract
Research Committee
Joseph Gyourko and Donald B. Keim , January 1990
The Russell-NCREIF Property Indices: Institutional Real Estate Performance Benchmarks. Download |  View Abstract
Index Policy Committee
Joseph B. Diehl , January 1993
The Substitutability of Real Estate Assets. Download |  View Abstract
Research Committee
Diery Sech , April 1996
The Use of Independent Appraisals in Reporting Real Estate Performance. Download |  View Abstract
Accounting Committee
NCREIF Accounting Committee , July 1986
The Wheaton-Torto Critique of the FRC/NCREIF Office Index (Draft). Download |  View Abstract
Research Committee
James P. Love , October 1989
Timely Recognition of Entrepreneurial Profit (or Loss) Download |  View Abstract
Valuation Committee
Ted E. McWilliams and Jessica M. Ballou , April 2007
Timely Recognition of Profit/Loss for Development Assets Download |  View Abstract
Valuation Committee
NCREIF Valuation Committee , November 2005
Toward More Interesting Diversification Strategies in Commercial Real Estate. Download |  View Abstract
Research Committee
Rebel Cole, David Guilkey, Mike Miles and Brian Webb , October 1988
Twenty Years of the NCREIF Property Index (Working Draft). Download |  View Abstract
Index Policy Committee
Joseph L. Pagliari, Jr., Frederich Lieblich, Mark Schaner and James R. Webb , September 1998
Two Decades of Commercial Property Returns: A NCREIF Index Using Independent Appraisals. Download |  View Abstract
Research Committee
David Geltner and William Goetzmann , January 1998
U.S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been? Download |  View Abstract
Research Committee
Patric H. Hendershott and Edward J. Kane
ULI – How the Current ‘Credit Crunch’ is Excessively Depressing Real Estate Values. Download |  View Abstract
Research Committee
Anthony Downs , May 1991
Understanding Equity Real Estate Performance Download |  View Abstract
Research Committee
Young, Geltner, McIntosh, Poutasse , January 2006
Utilizing the Russell/NCREIF Property Sub-indices to Create Portfolio-Specific Synthetic Benchmarks. Download |  View Abstract
Index Policy Committee
Robert Schau , January 1993
Valuation of a Leased Fee Interest. Download |  View Abstract
Valuation Committee
Thomas Rodgers , January 1989
Valuation of Equity Interests – Leveraged Properties. Download |  View Abstract
Valuation Committee
David H. Trahan and Roger Ollman,.
Valuation of Fractional Interests: A Business Appraiser’s Perspective. Download |  View Abstract
Valuation Committee
Lance S. Hall. Published in , April 1989
Valuation of Long-Term Leases. Download |  View Abstract
Valuation Committee
Robert N. Jones and Stephen D. Roach. Published in, , October 1989
Valuation of Participating Mortgage Interests. View Abstract
Valuation Committee
Stephen T. Crosson and David L. Clark , October 1992
Valuing Nonperforming Investment Real Estate (A Research Monograph). Download |  View Abstract
Valuation Committee
James R. Cooper and Robert Kevin Brown , January 1993
What is it Worth? Download |  View Abstract
Valuation Committee
David Lake
What Level Must Rents Achieve Before New Construction Commences? Download |  View Abstract
Valuation Committee
Richard Wincott and Mike Wilkinson , October 1991
Why Invest in Real Estate: An Asset Allocation Perspective. Download |  View Abstract
Research Committee
Petros S. Sivitanides , January 1996

Note: All documents are in Adobe Acrobat® format.




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