Residential

Annual Returns

Year

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Index (/Unit)

$ 88.03

$ 113.30

$ 99.62

$ 91.65

$ 104.35

$ 129.88

$ 145.87

$ 166.21

$ 168.25

$ 208.64

$ 233.51

$ 250.43

$ 268.77

$ 276.84

$ 333.23

Return

28.71%

-12.07%

-8.00%

13.86%

24.46%

12.31%

13.94%

1.23%

24.01%

11.92%

7.24%

7.32%

3.01%

20.37%

Index Characteristics

Residential

Property Values (mms)

Correlations*

AF CRE Composite

AF CRE Retail

AF CRE Office

AF CRE Hospitality

S&P 500

10 Yr. Treasury Yield

Volatility

* Since 9/1/16

$256,955

87.8%

67.1%

81.3%

48.1%

38.8%

-20.2%

9.0%

Annualized 9.98%

Residential

Property Values (mms)

​

Correlations*

AF CRE Composite

AF CRE Retail

AF CRE Office

AF CRE Hospitality

S&P 500

10 Yr. Treasury Yield

​

Volatility

​

* Since 9/1/16

$256,955

​

​

87.8%

67.1%

81.3%

48.1%

38.8%

-20.2%

​

9.0%

Annualized 9.98%