First, the good news — ACCRE is doing fine. We generally avoid mid-month reporting, but I’m pleased to say that ACCRE is up for the month, which unfortunately I can’t say for the market as a whole.
I’m adding a new metric to our comparisons starting this month — the S&P REIT Index. Previously, we’ve been using the FTI REIT index, which is computed monthly in conjunction with NAREIT. Hopefully, the S&P REIT Index will give us some more timely results for comparison. If so, I’ll re-hash all of our charts back to the inception with historic data. As you can see, we not only trounced the S&P this month, but also came in significantly better than the all-REIT index.
Have a great weekend, everyone!