The returns on private commercial mortgage investments held by life insurance companies are on the rise, according to numbers released Friday by the LifeComps Commercial Mortgage Index.
These investments generated a 3.39% total return for the first quarter. The 12-month return improved to 3.73% from 2.51% in preceding quarter.
Higher income and price appreciation added to the total return, fueled in part by lower Treasury yields.
Retail loans performed the best during the quarter, with a 3.58% return, followed by office properties with a 3.47% return and apartment loans with a 3.41% return. Industrial performed the worst on a quarterly basis, with a 2.92% return.
