Home / Library

Library

Downloads

INREV Annual Report 2015  

Last updated on 16 Nov 2017

INREV's Annual Report and Financial Statements are available since 2009 and provide the Chairman's Report, Mission, History, Association Stucture, and describes INREV's platforms, committees, membership status, activities, and financial report.

European Market Infrastructure Regulation (EMIR)  

Last updated on 14 Nov 2017

The European Market Infrastructure Regulation (EMIR) imposes requirements related to derivatives entered into by financial businesses, including ordinary interest rate and currency swaps commonly used by real estate funds. Such requirements can include derivatives being entered into through a central counterparty and being subject to cash collateral posting, and in all cases derivatives must be reported to regulators. Although INREV supports the goal of improving transparency and stability on the OTC markets, it opposes overly costly and burdensome regulations being applied to real estate funds, which typically use interest rate and currency swaps simply to manage risk.

Status and influence of corporate governance 2015  

Last updated on 26 Feb 2020

The non-listed real estate industry has grown considerably over the last decade and with it the interests and needs of market participants. The research objective of this study is to examine the current status and the influence of corporate governance on the volatility and returns of non-listed real estate funds, and seeks to address the following questions:

  • How has corporate governance for the non-listed industry changed over the last twenty years?
  • How does corporate governance affect fund performance, risk, volatility and capital raising ability?

Capital expenditure and performance: the case of Germany, the Netherlands, the UK and the USA  

Last updated on 26 Feb 2020

There is increasing interest to better understand the performance between capital expenditure (cap-ex) and performance.

INREV’s latest academic research shows that high levels of cap-ex tends to have a more positive and significant impact on performance.

There are significant variations in levels of cap-ex, and the impact is greater in the UK and the USA than in Germany and the Netherlands. Offices tend to benefit from cap-ex in Germany and Netherlands, while it is a drag on future performance in the UK and USA.

The research looks at the case of Germany, the Netherlands, the UK and the USA.

Funds of Funds Study 2015  

Last updated on 20 Nov 2017

The study 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 analysis of the performance of funds of funds.

This study has been conducted since 2007.  Since 2015 the study has been carried out with ANREV.