The three regional associations, INREV, ANREV and NCREIF have signed a Global Alliance Memorandum of Understanding to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry.
This milestone demonstrates the commitment of the European, Asian and US markets to further strengthen collaboration and develop new projects to the benefit of our members.
It marks a notable step forward in the development of globally consistent market practices, building on the work of previous joint initiatives. So far, the collaboration has produced a number of outputs, including market indices, research projects and industry standards. The collaboration was initiated in 2013 with the development of the Global Real Estate Fund Index. The latest market index to emerge from this collaboration is the recently published Global IRR Index, which tracks the since-inception performance of closed end, value added and opportunity funds in Asia Pacific, Europe and the US.
The global partnership will continue to deliver aligned research products, such as the annual Fund Manager Survey, as well as collaborating on important global standards initiatives, such as the Global NAV and Total Global Expense Ratio.
As a non-exclusive alliance, INREV, ANREV and NCREIF will continue to work with other regional and national organisations where there is alignment on furthering global harmonisation. The alliance already has an official cooperation agreement in place with PREA in the US, to establish a set of global guidelines.
Take a look at the Global Product Matrix below.
Through the global non-listed partnership, The INREV / ANREV / NCREIF alliance advances the global agenda of transparency, accessibility and professionalism to increase harmonization across the non-listed real estate industry globally.