NCREIF Timberland Fund & Separate Account Indices (TFSAI)

The NCREIF Timberland Fund and Separate Account Indices (TFSAI) provide quarterly and annual total returns for timber properties invested in two forms: Commingled Funds and client Separate Accounts. At least 90% of a fund's net asset value must be comprised of timber, timberland, timber deeds, leases, cutting rights (non-fee ownership), and cash equivalents, without regard to geographic ownership. Funds must be invested at least 95% in the United States.

The Indices are market-weighted and reported gross of fees. The computations are time-weighted as described more fully on the NCREIF web site. The history of these Indices has not been 'frozen' and, therefore, may change in the future.

The National Council of Real Estate Investment Fiduciaries (NCREIF) is an association of institutional real estate professionals in the United States.

changes in version 4.1

• Updated app to accommodate newer versions of iOS
• Incorporated the Statistics display into the Quarterly Returns display to allow selections for the data groups and the beginning and ending dates for both returns and statistics to be made on the same screen
• Revised the GUI with black look
• Removed links to Facebook and Twitter
• NCREIF has refined and revised the data sets recently, so the app has the updated versions as of the fourth quarter of 2019

changes in version 4.0

• Updated app to accommodate newer versions of iOS
• NCREIF has refined and revised the data sets recently, so the app has the updated versions with quarterly updates to follow

changes in version 3.0

• Because NCREIF revised and added new data to these series back to 1999, an updated version is warranted
• Repaired crash that involved statistics for the combined series

change in version 2.1

• Statistics that are negative numbers are displayed in the color red

changes in version 2.0

• Redesigned with look and feel of iOS 7
• Source code improvements