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Global Standards

As part of INREV’s efforts to align the non-listed real estate industry globally, INREV, ANREV, NCREIF and PREA are working together to create global standards.

Together we have launched the Global Definitions Database and the Fee and Expense Metrics Phase I, including terminology and definitions for Total Expense Ratio (TER) and Real Estate Expense Ratio (REER).

The current focus is on continuing to nail down global definitions, creating a global Net Asset Value metric, and further developing reporting standards.

Related Downloads

Total Global Expense Ratio Consultation Paper 2018  

Published on 20 Mar 2018

INREV, ANREV, NCREIF and PREA are pleased to jointly release for industry consultation the first globally comparable measure of fees and costs named Total Global Expense Ratio (TGER). The consultation period is open until 21 June. Please provide your feedback to Constantin Sorelscu.

This session, led by Renaud Breyer, EY, and Barbara Flusk, Citco Fund Services, examines the current market practices in fees and expense metrics and their related disclosures as well as presenting the new Total Global Expense Ratio (TGER) – the first globally consistent measure for real estate investment vehicle fees and costs which INREV, ANREV, NCREIF and PREA jointly developed.

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Global Fee and Expense Metrics - Phase I Results  

Published on 18 May 2016

With the participation of many of their volunteer members, NCREIF, PREA, INREV and ANREV are pleased to present Fee and Expense Metrics Phase I Results –  the first joint publication towards global reporting standards. These phase 1 results bridge gaps in terminology and associated definitions of the most common fees and costs.