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Due Diligence Committee


To encourage the standardisation of investor due diligence in non-listed real estate vehicles.

Key objectives

  • Ongoing review and update of the INREV due diligence questionnaires to meet the evolving information needs of the sector and discusses other issues related to the due diligence process. This includes the sharp rise in demand for information on issues such as a fund managers’ expertise in risk management and compliance.
  • Promotion of the DDQ, support implementation and help the questionnaires becoming industry standard


Committee members

Name Company Country
Alexander Tilson (Chair) Primonial REIM United Kingdom
Alistair Dryer LaSalle Global Partner Solutions United Kingdom
Bryony Tomlinson   United Kingdom
Eva Lempinen OP Real Estate Asset Management Ltd Finland
Fabrice Lefevre Sory Natixis investment Managers International France 
Laurens Jan Portier  Shell Asset Management co The Netherlands
Oscar Ciudad Apolinar Prologis Management Services  The Netherlands
Yno van Haaster  Blue Sky Group The Netherlands
Marsha Sinninghe a.s.r. real estate  The Netherlands
Vanessa Cruz-Galarza True North European Real Estate Partners Sweden


INREV Due Diligence Questionnaires (DDQ)  

Published on 09 Jan 2023

The INREV Due Diligence Questionnaire (DDQ) assists investors and consultants in the due diligence process to understand a fund manager’s structure, strategy and non-listed real estate business. It also gives insight in a specific vehicle’s strategy, risk processes, management, terms and projected performance. With it, investors can determine, in principle, whether a proposal fits their investment objectives.

The INREV DDQ was updated in January 2023. New version reflects the feedback received from INREV members during a two-month consultation period.

March 2023: Question has been updated.

IQ Article

IQ Article: A see-through asset class

2018 marked the tenth anniversary of the Great Financial Crash. So disastrous for so many, the crash demonstrated the global systematic problems across all asset classes at the time, with the real estate industry being no exception. 

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