Library

In deciding how to invest, a fundamental choice is whether to use a range of specialist funds or to rely on others to make decisions about which country or which sector to invest in. This study helps inform this decision by exploring the differences in investment performance between specialist funds and multi country or multi sector funds. 

The 2018 Nick Tyrrell Research Prize has been awarded to joint authors Dr Frank Ametefe and Dr Steven Devaney, both of the Henley Business School, University of Reading, with Professor Simon Stevenson of the University of Washington, for their paper, Optimal Composition of Hybrid/Blended Real Estate Portfolios.

In memory of the late Erwin Stouthamer INREV and ANREV each awarded an academic research grant to two leading universities to carry out research on the topics of the real estate illiquidity premium and currency risk. During the seminar Professor Marc Francke from the University of Amsterdam presented highlights of the Real Estate Illiquidity Premiums study, and Nick Mansley from Cambridge University presented findings on the Impact of Currency Risk on the Performance of Asia Pacific non-listed real estate funds.

This research grant was awarded in memory of the late Erwin Stouthamer who served on the INREV Management Board.

INREV, IPF and SPR have awarded the 2017 Nick Tyrrell Research Prize to Dr Avis Devine of the Schulich School of Business at York University, Toronto and Dr Erkan Yonder of Ozyegin University, Istanbul for their paper, ‘Decomposing the Value Effects of Sustainable Real Estate Investment: International Evidence’.

This research shows that non-listed real estate can add value to DC investment strategies. 

AREF and INREV commissioned a paper on the important topic of cost transparency. The aim is to move towards a better industry-wide understanding of the composition and calculation of selected fee and expense metrics.  

This research examined the significance of currency risk and its management for European non-listed real estate funds in a number of ways.

This INREV research underlines the benefits of secondary trading in non-listed real estate funds.