With a Performance-Based Management Contract, an Asset Manager's Fees Are

Multiple Choice

With a performance-based management contract, an asset manager's fees are tied directly to the rate of return earned by investors on the portfolio of managed properties relative to a benchmark. In private commercial real estate, the choice of benchmarks for performance is limited in large part to return indices provided by which of the following organizations?

A) Standard and Poor's
B) National Association of Real Estate Investment Trusts
C) National Council of Real Estate Investment Fiduciaries
D) Wilshire Associates