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Description

Liquidity Issues in Today's Market

, Online

The INREV online course Liquidity Issues and Pricing consists of a series of five sessions between 3 and 10 December 2020 and addresses liquidity for non-listed real estate vehicles and its impact on fund terms and investor behavior.

The course will explore the challenges of managing liquidity in a global portfolio from an investor and a fund manager perspective.
It will also look at secondary trading and will examine the key elements to ensure successful transactions.

Finally, it will review the various platforms that are being created to provide greater transparency to the secondary trading process and identify some of the issues that arise.

The course will seek to be an interactive process drawing upon the experiences of the audience through a variety of case studies.

The course will cover the following topics:

  • The liquidity needs of investors from their real estate portfolios
  • Open ended funds
  • The role of secondary transfers in closed ended funds;
  • Current pricing mechanisms

 

Who should attend the course?

The course is aimed at experienced professionals with several years of practice within the non-listed real estate funds industry. This could be attendees who wish to improve their knowledge of liquidity mechanisms used elsewhere in Europe, understand the practical applications of these structures and those who want a better understanding of the issues around secondary market trading in non-listed real estate funds. The course is suitable for middle to senior management which could include CIO/Product development, Directors at a fund level and/or Portfolio Managers at an investor level. The course is open to INREV members and non-members.

Upon completion of the seminar participants will be able to:

  • Comprehend and have a good overview of different liquidity provisions in Europe
  • Understand the advantages and disadvantages of various liquidity provisions in light of market circumstances;
  • Have a good insight into how secondary markets work and the issues involved.  

The course will be given by leading industry experts with an emphasis on group discussions and case studies to allow participants to share their views.

This online course is open to members and non-members and it counts towards the INREV/ Henley Certificate for non-listed real estate investments

Where

Where

Online

  • Online

Programme

Fees & Terms

Fees

Online Course for INREV members (€ 250)

Terms and conditions

Non Member fee: 350 Euro

General

1.1. INREV Online Courses are open to Representatives and other interested individuals, not being Representatives (Non-Representatives).

1.2. For Representatives, the Membership Terms and Conditions fully apply to INREV Online Courses. In the event of any conflict or inconsistency between any provisions of these Training Courses Terms and Conditions and the Membership Terms and Conditions, first the Online Course Terms and Conditions and then the Membership Terms and Conditions shall prevail.

1.3. Representatives and Non-Representatives will hereinafter together be referred to as “Applicants”.

1.4. The costs of attending an INREV Online Courses (Attendance Fee) will be communicated to Applicants at the time of registration at the latest.

1.5. Admission to any INREV Online Courses is subject to registration and subsequent written confirmation of that registration by INREV. If you are a Representative and the Member you represent has not yet paid their annual INREV membership fee, INREV will not confirm registration of any of their Representatives until payment is made If an Applicant personally has any outstanding invoices with INREV, INREV will not confirm registration for INREV Online Courses until full payment of all outstanding invoices is made.

1.6. All personal data provided to INREV by Applicants, during the application process or afterwards, including their biographies, will be processed in accordance with the Privacy Statement of INREV, which can be found on the INREV website. Biographies of Applicants, and the personal data they may contain, will only be shared with other Applicants as part of the course documentation of an INREV Online Courses.

1.7. By registering for an Online Course, attendees accept and acknowledge that images may be taken of them during the INREV Online Courses and give INREV express permission to use these images for reproduction. Only in the event that such an image depicts a close up of a particular attendee or a small group of attendees, INREV shall seek additional permission for the use of such an image.

Cancellation and no-show policy

2.1. When registering for an INREV Online Courses, INREV will inform Representatives of the applicable attendance fee. Attendance Fees may differ for Representatives and Non-Representatives.

2.2. There is no charge for cancellation until attendance of the INREV Online Courses is confirmed by INREV. Any Attendance Fees paid to INREV before confirmation will be fully restituted.

2.3. Full attendance fee is due as soon as INREV confirms an Applicants registration, Any Attendance Fees already paid to INREV will not be refunded.

2.4. As a Representative, if you register and your registration is confirmed by INREV, but you do not attend an INREV Online Courses (no-show), the full Attendance Fee is due, unless you are replaced with another Representative. As a Non-Representative, if you register and your registration is confirmed by INREV, but do not attend an INREV Training Course (no-show), you will be charged with the full Attendance Fee to cover the costs that INREV will incur. Any Attendance Fees already paid to INREV will not be refunded. As a Non-Representative you are also allowed to have someone else participate in your place.

Miscellaneous

3.1 If any provision (or part of a provision) of these Online Courses Terms and Conditions is found by any court or administrative body of competent jurisdiction to be invalid, unenforceable or illegal, the other provisions shall remain in force.

3.2 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

3.3 These Online Courses Terms and Conditions are governed by the laws of the Netherlands.

3.4 The competent court in Amsterdam, the Netherlands, shall have jurisdiction to settle any dispute in connection with Online Course provide by INREV and/or these Online Courses Terms and Conditions, without prejudice to the right of appeal and that of appeal to the Supreme Court.

Mandatory Attendance

4.1 Just like during a regular INREV training course, we expect all participants to attend all sessions and actively participate during the course. If you fail to attend a session you will not receive the certificate of attendance for the course. 

4.2 All INREV online courses will be organised via Zoom and it is highly recommended to access the online courses via the Zoom app (either on a laptop or mobile phone).

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