{"id":1004278637,"date":"2018-11-09T13:07:06","date_gmt":"2018-11-09T21:07:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004278637"},"modified":"2019-03-27T11:17:17","modified_gmt":"2019-03-27T19:17:17","slug":"core-and-opportunistic-funds-return","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/","title":{"rendered":"Core and Opportunistic Funds Return"},"content":{"rendered":"<div id=\"attachment_1004278574\" style=\"width: 610px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004278574\" data-attachment-id=\"1004278574\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/1218_global\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\" data-orig-size=\"800,504\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1218_Global\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: MSCI Global Intel PLUS (unlevered returns) and Preqin Ltd. (opportunistic funds)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png?w=800\" class=\"wp-image-1004278574\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\" alt=\"\" width=\"600\" height=\"378\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png?resize=300,189 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png?resize=768,484 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-1004278574\" class=\"wp-caption-text\">The 2002 Vintage Preqin data is skewed by the performance of one fund with an IRR in excess of 200 percent. The median IRR for this vintage was 18.8 percent.<br \/>Source: MSCI Global Intel PLUS (unlevered returns) and Preqin Ltd. (opportunistic funds)<\/p><\/div>\n<p>Real estate investors sometimes treat core and opportunistic funds as if they were different asset classes. They are measured against different benchmarks and comparisons are limited by a lack of consistent data. But a comparison of the two shows that both core and opportunistic funds have similar return profiles\u2014it\u2019s the magnitude of their returns that has varied over time.<\/p>\n<p>A comparable analysis between core and opportunistic funds is currently limited by a lack of consistent data. The exhibit compares unlevered asset performance from core open-ended funds in the MSCI database with opportunistic fund performance from Preqin Ltd. The MSCI time-series shows the forward five-year total return compound annual growth rate (CAGR) at each point in time. The Preqin data shows the realized IRR&nbsp;of opportunistic funds by vintage.<\/p>\n<p>Although the data is not precisely comparable,&nbsp;the analysis illustrates at a very basic level, that both types of real estate risk profiles appeared to follow similar cyclical trends between the vintage years 2000 through to 2012. By improving the sophistication and consistency of risk analysis across the entire spectrum of their holdings, real estate investors may be able to gain valuable insights using relative market analysis for opportunistic strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The exhibit compares unlevered asset performance from core open-ended funds in the MSCI database with opportunistic fund performance from Preqin Ltd.<\/p>\n","protected":false},"author":1312,"featured_media":1004278574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37754],"tags":[],"class_list":["post-1004278637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-global"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Core and Opportunistic Funds Return - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Core and Opportunistic Funds Return\" \/>\n<meta property=\"og:description\" content=\"The exhibit compares unlevered asset performance from core open-ended funds in the MSCI database with opportunistic fund performance from Preqin Ltd.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-09T21:07:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-27T19:17:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/\",\"name\":\"Core and Opportunistic Funds Return - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\",\"datePublished\":\"2018-11-09T21:07:06+00:00\",\"dateModified\":\"2019-03-27T19:17:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c3141425d7080d1ea3fd5b8beb15aecb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png\",\"width\":800,\"height\":504,\"caption\":\"Source: MSCI Global Intel PLUS (unlevered returns) and Preqin Ltd. 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(opportunistic funds)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/core-and-opportunistic-funds-return\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Core and Opportunistic Funds Return"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c3141425d7080d1ea3fd5b8beb15aecb","name":"the Editorial Staff of CPE\/MHN","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/61234d6d897642a678d0cfac9c0b669cef6f47903aa8d68b2fc623e0a3774b1b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/61234d6d897642a678d0cfac9c0b669cef6f47903aa8d68b2fc623e0a3774b1b?s=96&d=mm&r=g","caption":"the Editorial Staff of CPE\/MHN"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorialstaffofcpemhn\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1218_Global.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004278637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1312"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004278637"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004278637\/revisions"}],"predecessor-version":[{"id":1004278640,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004278637\/revisions\/1004278640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004278574"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004278637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004278637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004278637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}