Access, learn and discover all terms related to the non-listed real estate sector.
Current projected net return performance from inception to end of vehicle term (net of all taxes, fees and carried interest) per the manager's estimate, or in the case of an open end vehicle over a period as agreed between the manager and investors.
Source: INREV | Date: 23 March 2020 | ID: D0171 | Version: 5
The annual rate of return based on the present value of a capital investment over a holding period expressed as a percentage of the investment.
The absolute IRR of the property portfolio before any vehicle-level fees are deducted.
The absolute leveraged IRR of the property portfolio after all vehicle-level fees are deducted. Source: www.nationalcne.org/faq/re_glossary.htm
IRR of portion of equity invested that has been achieved from actual divestments (regardless of whether the proceeds have been distributed or reinvested), before any vehicle-level fees, taxes and carried interest are deducted. Ignores any unrealized returns or distributions not derived from disposals and does not include NAV as an end value.
The equity IRR at vehicle level before any vehicle-level fees, taxes and carried interest are deducted. This calculation is from inception through to the current quarter adopting NAV (adjusted to eliminate the effect of fees, taxes and carried interest if necessary) as the final end value
The equity IRR at vehicle level after any vehicle-level fees, taxes and carried interest are deducted. This calculation is from inception through to the current quarter adopting NAV (adjusted to eliminate the effect of fees, taxes and carried interest if necessary) as the final end value
Current projected gross return performance from inception to end of vehicle term (gross of taxes, fees and carried interest) per the manager's estimate, or in the case of an open end vehicle over a period as agreed between the manager and investors.