Well, we ended December on a high note — but that was true for investments in general. Our ACCRE fund hit an all-time high — a dollar invested in ACCRE at the inception is now worth $1.68. In case you’re curious, this works out to an average annualized rate of return of about 21.5%. By comparison, a dollar invested in the S&P during that same period is now worth $1.37, and if that same dollar went into the S&P U.S. Property Index, it would be worth $1.28.
As usual, we’ll be back mid-month with comparative metrics. Of course, if and as we make portfolio changes, our subscribers will be informed immediately.