Key Takeaways
- • Accordant Investments LLC is expanding its private real estate platform and team to give financial advisers and family offices access to institutional core real estate strategies, according to a Business Wire press release dated November 10, 2026.
- • Capital contributions into core private real estate funds surged 30% year-over-year earlier in 2026, per NCREIF data cited by the firm, driven by a wave of institutional re-entry.
- • Accordant's indexing strategy, comprising the Accordant ODCE Index Fund (ODCEX) and its institutional sister fund, holds nearly $10.6 billion in combined AUM, an 89% increase over 24 months.
- • Accordant added Ron Macleod as Managing Director to lead family office work and Thomas Belcher to lead Northwest adviser relationships, with further expansion planned.
- • The release is company-issued; its performance and growth figures are self-reported and the firm flags that private real estate involves risks including loss of principal and limited liquidity.
Summary
Accordant Investments announced on November 10, 2026 that it is expanding its investment platform and team to bring institutional private real estate approaches to private wealth clients. The company said the expansion responds to renewed demand, citing a 30% year-over-year rise in capital contributions into core private real estate funds earlier in 2026. The firm attributes the rebound to institutional re-entry, noting that advisers and family offices are reassessing private real estate for diversification, income, and long-term growth even amid recent interest rate increases. The 30% figure is sourced by Accordant to the National Council of Real Estate Investment Fiduciaries (NCREIF) NFI-ODCE First Quarter 2026 results.
Accordant's foundation is the Accordant ODCE Index Fund (ODCEX), which it describes as the industry's first index fund designed to track the NFI-ODCE Index, the benchmark for institutional U.S. core private real estate. ODCEX is nearing its six-year anniversary. Together with its institutional sister fund, which is managed by IDR Investment Management, LLC, the indexing strategy holds nearly $10.6 billion in combined assets under management. Per the firm's footnote, indexing strategy AUM grew from $5.6 billion on June 30, 2024 to $10.6 billion on June 30, 2026. The firm has since expanded into private funds and co-investment opportunities, including secondaries and hyperscale data center development, sourced through its strategic institutional partner network.
To support advisers and family offices, Accordant hired two professionals. Ron Macleod joins as Managing Director to lead work with family offices evaluating institutional real estate, bringing 30 years of family office and investment management experience at Northern Trust Global Family Office, BMO Family Office, US Trust, and Nuveen. Thomas Belcher joins to lead adviser relationships in the Northwest, with eight years of financial services and capital-raising experience at Capital Square and Cantor Fitzgerald. CEO Greg Stark said the firm is building around distinct client objectives, whether core diversification, income, or growth, rather than a single strategy.
The release includes standard disclosures stating that investments in ODCEX and other Accordant-managed funds involve risks, including loss of principal, limited liquidity, and valuation differences, and that past performance is not indicative of future results. ODCEX is distributed by ALPS Distributors, Inc., which is not affiliated with Accordant.
Accordant's foundation is the Accordant ODCE Index Fund (ODCEX), which it describes as the industry's first index fund designed to track the NFI-ODCE Index, the benchmark for institutional U.S. core private real estate. ODCEX is nearing its six-year anniversary. Together with its institutional sister fund, which is managed by IDR Investment Management, LLC, the indexing strategy holds nearly $10.6 billion in combined assets under management. Per the firm's footnote, indexing strategy AUM grew from $5.6 billion on June 30, 2024 to $10.6 billion on June 30, 2026. The firm has since expanded into private funds and co-investment opportunities, including secondaries and hyperscale data center development, sourced through its strategic institutional partner network.
To support advisers and family offices, Accordant hired two professionals. Ron Macleod joins as Managing Director to lead work with family offices evaluating institutional real estate, bringing 30 years of family office and investment management experience at Northern Trust Global Family Office, BMO Family Office, US Trust, and Nuveen. Thomas Belcher joins to lead adviser relationships in the Northwest, with eight years of financial services and capital-raising experience at Capital Square and Cantor Fitzgerald. CEO Greg Stark said the firm is building around distinct client objectives, whether core diversification, income, or growth, rather than a single strategy.
The release includes standard disclosures stating that investments in ODCEX and other Accordant-managed funds involve risks, including loss of principal, limited liquidity, and valuation differences, and that past performance is not indicative of future results. ODCEX is distributed by ALPS Distributors, Inc., which is not affiliated with Accordant.
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