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 July 2018. New version reflects the feedback received from INREV members during a two-month consultation period.
INREV DDQ 2022 - ESG Social Aspects Appendix
INREV DDQ 2022 - Funds of Funds and Multi Manager
INREV DDQ 2020 - Climate Risk Appendix
INREV DDQ 2020 - Impact Investing Appendix
INREV DDQ 2020 - Debt Vehicles
INREV DDQ 2020 - Debt Vehicles – Tax Appendix
INREV DDQ 2019 - Tax Appendix
INREV DDQ 2018
INREV DDQ 2014 - Fund of Funds and Multi Managers
Climate change is affecting the mindset of investors globally in a multitude of ways. A term originally defined for companies in the coal and oil industry ‘stranded asset risk’, is increasingly part of the broader investment vocabulary and linked to climate change. As a result of increasing awareness but also the Paris Climate Agreement, more and more real estate investors are taking climate-related financial risks into account. From a real estate perspective, properties are unlikely to become truly stranded as could happen with an oil well, but they do run the risk of becoming obsolete if they are no longer capable of generating rental income. In our view climate change related factors could cause property obsolescence through two partially related channels. The first is due to a lack of adherence to local regulation which forbids landlords to lease space and as such generate income.
This disclosure example was developed to provide consistency of content and approach when investment managers report to investors on the impact of COVID-19 on rental collection.
This paper addresses how technology can improve underwriting and investment decisions throughout the full cycle of a real estate investment. It’s the second in a series of papers from the Technology Committee that aim to help INREV members understand how technology can be leveraged to address recurrent challenges in the real estate industry.
The Funds of Funds Study 2020 provides an overview of the fund of funds industry globally, including insights by target region, by style and structure and other associated characteristics, as well as detailed analysis of the performance of funds of funds. The study is international in scope, and is conducted in conjunction with ANREV in Asia Pacific.
The real estate investment industry will inevitably be impacted by the effects of COVID-19 but some sectors will be hit harder than others. Retail and hotel have been among the first victims of this crisis, with declining rents and lower occupancy rates. The office sector has been relatively unscathed compared to others but what’s going to happen in the long term? Last but not least logistics, online demand is fuelling the growth of e-commerce and logistics, which opportunities will this sector bring to real estate investors?
Which sectors will survive or reinvent themselves and which ones require structural changes in the new world we find ourselves in? Or, is COVID-19 simply a catalyst, accelerating the sector trends that we were already there or expected to be there soon.
On Thursday 2 July at 11:00 CET, we were joined in the INREV Live Online studio by four sector experts who gave their views on the European real estate outlook and sectors.