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16. August 2012 
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Giliberto-Levy Commercial Mortgage Performance Index - office leads
IPD released the results of the Giliberto-Levy Commercial Mortgage Performance Index. The Index, which tracks private-market loans held in investor portfolios, produced a 0.74% total return in 2Q, 2012. The Index reflects a market-value-weighted blend of office, apartment, retail, industrial, lodging and other property types.
For perspective, the one-year total return for the Giliberto-Levy Commercial Mortgage Performance Index was 4.41%, the three-year total return was 9.05% and the five-year total return was 6.39%. For the five years ended June 30, 2012, the leading sector within the Index was Office at 6.62%, followed by Retail at 6.50%, Other (mixed-use, lodging and other property types) at 6.38%, Industrial at 6.25% and Apartments at 5.90%. Interestingly, the total return for the Giliberto-Levy Commercial Mortgage Performance Index over the past five years (6.39%) significantly outpaced the S&P 500 (0.22%), 90 day T-Bills (0.98%), CPI (1.95%) and the NAREIT Equity Index (2.60%).
The Giliberto-Levy Commercial Mortgage Performance Index, established in 1993, now has a 40-year time series history and measures the quarterly total return produced by a portfolio of institutional-grade commercial mortgage whole loans. The Index is based on a $191 billion aggregate portfolio that represents a thorough cross-section of fixed-rate, fixed-term loans made by institutional lenders. IPD has been producing the Giliberto-Levy Commercial Mortgage Performance Index in concert with Michael Giliberto and John Levy for the past five quarters. Every quarter, IPD collaborates with Giliberto and Levy to create the Index, Flash Report and Monitor.
For perspective, the one-year total return for the Giliberto-Levy Commercial Mortgage Performance Index was 4.41%, the three-year total return was 9.05% and the five-year total return was 6.39%. For the five years ended June 30, 2012, the leading sector within the Index was Office at 6.62%, followed by Retail at 6.50%, Other (mixed-use, lodging and other property types) at 6.38%, Industrial at 6.25% and Apartments at 5.90%. Interestingly, the total return for the Giliberto-Levy Commercial Mortgage Performance Index over the past five years (6.39%) significantly outpaced the S&P 500 (0.22%), 90 day T-Bills (0.98%), CPI (1.95%) and the NAREIT Equity Index (2.60%).
The Giliberto-Levy Commercial Mortgage Performance Index, established in 1993, now has a 40-year time series history and measures the quarterly total return produced by a portfolio of institutional-grade commercial mortgage whole loans. The Index is based on a $191 billion aggregate portfolio that represents a thorough cross-section of fixed-rate, fixed-term loans made by institutional lenders. IPD has been producing the Giliberto-Levy Commercial Mortgage Performance Index in concert with Michael Giliberto and John Levy for the past five quarters. Every quarter, IPD collaborates with Giliberto and Levy to create the Index, Flash Report and Monitor.
