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Welcome to the Fee and Expense Metrics Assessment

Fee and Expense Metrics

What's included in this section

  1. Fee and expense metrics framework
  2. Total Expense Ratio (TER)
  3. Real Estate Expense Ratio (REER)
  4. Disclosure requirements

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.

If you have any questions please contact the Professional Standards team under or phone +31 (0)20 235 8600.