Property values nationwide increased 0.4 percent in February as measured by the FTSE NAREIT PureProperty Index Series.
Brad Case, NAREIT’s senior vice president for research and industry information, noted that February was marked by “a marginal increase in property values, even though we saw a marginal decline in total returns for REITs.” The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in February.
