Commercial Mortgages Record 0.82% Return

Private commercial mortgages recorded a total return of 0.82% for the first quarter, according to the LifeComps Commercial Mortgage Index. Of the total return, income return accounted for 1.58% and price return amounted to negative-0.78%, LifeComps reported. The index had recorded a 3.11% total return for the previous quarter. Office properties topped the ranks in total return for 2007, with 6.70%, compared with 6.62% for industrial properties, 6.51% for apartments, and 6.35% for retail properties, according to the index. LifeComps said its index is "the only published benchmark for the private commercial mortgage market based on actual cash flow data, which has been collected quarterly from participating life insurance companies since 1996." LifeComps can be found on the Web at http://www.lifecomps.com.