The difference here is the granular nature of the data, Mark Makepeace, FTSE's London-based CEO, explained at a press conference this morning. The new indices will include "18 property sectors with 14 of the most active sectors calculated in real-time," he said. The real-time focus, as well as a variety of customized services, is geared "for investors who demand that degree of focus."
Planned for a March 6 launch, the data, formally titled the FTSE/Nareit US Real Estate Index Series, is designed to "facilitate investment in US REITs and other public real estate companies," stated Steven A. Wechsler, Nareit's president and CEO. He added that, over the past 15 years, the compound annual growth rate for the US REIT sector has been 27%, "and worldwide interest is growing." With more than 20 nations sporting or creating REIT structures, he stated, the international focus on public structures supports the creation of the index.
"The global series allowed investors to cross borders," Makepeace stated. "This will help them sharpen their focus on the US."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
