Returns will vary based on the investment opportunity, and Republic Real Estate intends to offer opportunities that provide returns competitive with those of other industry leaders. The average annual returns in long-term real estate investing vary based on a number of factors. According to the National Council of Real Estate Investment Fiduciaries (NCREIF), the average annualized return between 1994 and 2019 for private commercial real estate properties was 9.4%. Meanwhile, real estate investment trusts (REITS) provided an average annual return of 10.5% over the same timeframe.