Fee and Expense Metrics
The objective of this module is to clarify the calculation and disclosure of the INREV fee and expense metrics: The Total Expense Ratio (“TER”) and the Real Estate Expense Ratio (“REER”). When analysed in the context of vehicle style, investment strategy and underlying risks, these fee and expense metrics will help those involved in the non-listed real estate market – both institutional investors and managers – to compare fee and cost structures between different non-listed vehicles and with other investment structures.
The checklist allows to evaluate the level of compliance with the requirements of the INREV Fee and Expense Metrics.
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