FTSE Group and NAREIT have launched the FTSE NAREIT PureProperty Index Series, which provides a daily measure of U.S. real estate price and total returns at the level of both property and equity investments.
The index series’ values are based on price appreciation and income distributions generated by portfolios of properties owned by stock exchange-listed U.S. Equity REITs.
Brad Case, NAREIT’s senior vice president for research and industry information, described the new series as “potentially a watershed in institutional investment in real estate.”