By Timothy Pollard | Pension and Investment
The Pension Real Estate Association released the results of its consensus forecast survey, which highlights its member firms’ outlook for U.S. commercial real estate. The average forecast return for the overall NCREIF index is 9.8% in 2013, and 7.8% in 2014 and 2015. Through 2017, respondents said they see an annual return of 8.2% for private real estate, with industrial properties performing the best at 8.5% during that period.