Accordant ODCE Index Fund added to Leading RIA Custodian Platforms

BusinessWireFebruary 23, 20243 min

Accordant Investments LLC (“Accordant”) has announced that the Accordant ODCE Index Fund (ticker: ODCEX), the first ever private real estate index fund, is now available on four of the largest registered investment adviser custodian platforms: Schwab Advisor Services™, Fidelity Investments®, Pershing, and Matrix Trust Company

ODCEX is a fully registered interval fund with a patented indexing investment approach that seeks to track the NFI-ODCE Index. The NFI-ODCE Index is considered to be the most comprehensive benchmark for U.S. core private real estate, similar to what the S&P 500 is for the largest publicly traded stocks. ODCEX was built with advisers and investors in mind and strives to remove many of the typical hurdles to investing in private real estate. It offers daily purchases, asset transparency, low fees, and broad diversification.

“We believe private real estate is a necessary part of any diversified portfolio and we have made it easier for advisers to allocate to this important asset class,” said Greg Stark, CEO of Accordant. “With our availability on the major custodian platforms, our private real estate interval fund is now accessible for advisers across the country to assist their clients in building a truly diversified investment portfolio.”

Garrett Zdolshek, Portfolio Manager for Accordant, added, “For the last five years, our indexing strategy has only been available to institutional investors and with over $5 billion in institutional capital, it has become an important part of their portfolio strategies. That same strategy is now available to the private wealth channel. Investors of all sizes can now access high-quality real estate with low fees and instant diversification.”

As of December 31, 2023, the NFI-ODCE Index is comprised of nearly $300 billion in market value supported by over 3,000 properties that are geographically diversified across the 35 largest U.S markets. Property types include industrial, residential, office, retail, and specialty, and average approximately $100 million in value per asset.

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