Knowledge Center

The Quiet Power of Indexation in Core Real Estate (Clone)

The Accordant Team — Thu, 04 Jun 2026 05:16:27 GMT

Featured in Real Assets Adviser, December 2025 Issue

In equities, the rise of indexing has been one of the most transformative shifts of the last half-century. Now a cornerstone of portfolio construction, it has shown to be a reliable and consistent way to grow your wealth over the long term while capturing market performance, minimizing fees, and ultimately reducing the risk of underperforming the benchmark.

Private real estate, however, has historically been different. While investors have had the benefit of measuring themselves against the NFI-ODCE Index—the industry benchmark tracking some of the largest institutional core private real estate funds back nearly 50 years—there was no direct way to invest in it and capture the asset class return. And with these funds having significant investment minimums, attempting to replicate the index through direct allocations to the underlying funds is a challenge for all but the largest institutional investors.

With the introduction of an index-based solution in private real estate, that has changed. Advisers now have the ability to offer their clients exposure to the same benchmark trusted for nearly five decades through a single, simple allocation.

NFI-ODCE Index 2026 Outlook & Quarterly Review (Clone)

The Accordant Team — Thu, 04 Jun 2026 05:05:10 GMT

The latest NFI-ODCE Market Update brought together Accordant Investments’ CIO, Garrett Zdolshek, and Geoffrey Dohrmann, CEO of Institutional Real Estate, Inc. (IREI), for a focused review of the forces shaping core private real estate as the industry approaches 2026. This quarter’s discussion centered on what is changing inside the index—sector weight movements, performance drivers, capital flows, and the continued evolution of liquidity.

Watch the full Q3 2025 NFI-ODCE Market Update Webinar or continue below for a summary of the most important developments and themes the speakers highlighted.

A New Investment Regime: What 2026 Means for Private Real Estate (Clone)

The Accordant Team — Thu, 04 Jun 2026 04:54:13 GMT

Featured in Real Assets Adviser, January 2026 Issue

Private real estate enters 2026 on firmer footing than it has seen in several years. The valuation reset that began in 2023 is largely complete, capital is selectively returning, and fundamentals across most major property types remain healthy. Yet the defining feature of today’s environment is not a synchronized rebound—it is the widening gap between sectors that are accelerating and those still recalibrating to long-term shifts in demand.

The new investment regime is not about calling a single turning point. It is about navigating a landscape where the recovery is real, but uneven.

Assessing the Impact of Tariffs on Private Real Estate (Clone)

The Accordant Team — Thu, 04 Jun 2026 04:43:34 GMT

Featured in Real Assets Adviser, June 2025 Issue

Analyzing the impact of tariffs on investment markets can feel like trying to solve an “if/then” equation with limited and imperfect data. Still, we believe it’s important to assess these developments through the lens of private real estate, and it is from this perspective that we share our view and some of the potential outcomes we can envision ahead.

Tariff-driven considerations for private real estate

There are multiple tariff-driven scenarios (if/then) and a wide range of outcomes that could significantly impact private real estate in both the short and long term. Rather than cover every hypothetical, we’ll focus on a few key dynamics — while underscoring the vast complexities (and seeming contradictions) that could shape the market as the tariff landscape evolves:

The Rise of Interval Funds (Clone)

The Accordant Team — Tue, 21 Apr 2026 05:02:04 GMT

Investment advisors are continually exploring innovative ways to potentially enhance their clients' portfolios and deliver better risk-adjusted returns. One significant area that has caught advisors’ attention is interval funds, which offer a streamlined approach to accessing the private investment marketplace. This trend not only offers advisors an expanded investment offering but also aligns with the broader goal of constructing more robust and durable client portfolios.

Key Considerations in Allocating to Private Markets in Model Portfolios (Clone)

The Accordant Team — Tue, 21 Apr 2026 02:52:06 GMT

Featured in Real Assets Adviser, March 2026 Issue

As the investment landscape evolves, financial advisers and portfolio managers are increasingly integrating private market strategies—such as private real estate, private credit and private equity—into model portfolios. This shift is driven by the limitations of the traditional 60/40 equity-bond allocation, which has shown vulnerabilities during periods of market stress. Private markets offer diversification, resilience and the potential for enhanced returns, but their inclusion in model portfolios requires careful attention to a) liquidity, b) valuation and c) investor eligibility.

Private Real Estate Outlook: Quarterly NFI-ODCE Index Insights (Clone)

The Accordant Team — Tue, 21 Apr 2026 02:52:00 GMT

The NFI-ODCE Index remains one of the most widely followed benchmarks for institutional private real estate. By tracking 25 of the largest open-end core funds, it provides a real-time view into how valuations, income, and capital flows are evolving across the market. Each quarter, it offers a snapshot of where the market stands—and where it may be heading next.

Accordant Investments’ CIO Garrett Zdolshek joined Geoffrey Dohrmann, CEO of Institutional Real Estate Inc. (IREI), to discuss the latest Q4 2025 results and what they may signal for the year ahead. The conversation focused on where the market stands today, how performance drivers are evolving, and why 2026 may mark a turning point for private real estate.

Watch the full Q4 2025 NFI-ODCE Market Update Webinar or continue below for key themes and takeaways.

Data Center Development—The Picks-and-Shovels Investment Remains Attractive Despite AI Bubble Fears (Clone)

The Accordant Team — Tue, 21 Apr 2026 02:51:53 GMT

Featured in Real Assets Adviser, February 2026 Issue

Data centers: Private real estate’s largest growth driver today

Concerns over an AI “bubble” grew during the course of 2025,¹and that anxiety is expected to continue into 2026.²Many public and private companies have seen their valuations soar based on the hype of AI and expected future adoption and growth for their businesses. More recently, though, the market has been rationalizing these risks and questioning revenue and monetization, and the stock prices of many of the most highly leveraged and perceived riskiest companies have been impacted substantially. As Andy Wu recently said in the Harvard Gazette about a potential AI bubble, “It’s easy to get overexuberant about technology.”¹

There is no doubt that there will be companies that fail and massive data center projects that never get built. That said, most industry experts believe in the long-term value creation of generative AI. Wu stated, “From a long-term perspective, the scale of the buildout is absolutely necessary to facilitate AI. If anything, we’re probably too slow; not just on the data center side, but especially on the electrical grid.”