Worsening economic conditions in 2011 enabled unlisted property funds in the UK to outperform equities and property REITs, but their performance remained sluggish compared with direct commercial property, according to a study by IPD.
IPD found that pooled property funds delivered 1.2% in the fourth quarter of 2011, as returns continued to slow, producing an annual return of 7.1%, while direct commercial property returned 8.1%………………………………………..Full Article: Source