The 3rd quarter ended with property values in the U.S. down 7.9% since the end of 2014, with declines of 8.2% during 2015Q2 and 1.9% during 2015Q3 following the gain of 2.2% posted in 2015Q1, according to the FTSE NAREIT PureProperty Index Series. The PureProperty series, an investable product launched on June 1 by FTSE Russell, measures capital appreciation and total returns on unlevered property investments in U.S. apartment, health care, hotel, industrial, office, and retail properties owned by listed U.S. equity REITs.