The Global Steering Committee brings together members of the European, Asian and North American non-listed real estate community to develop common standards that can be used across the globe, whether you’re an investor or a fund manager.
The steering committee is made up of members from INREV, ANREV, NCREIF and PREA, who have joined forces to identify gaps and best practice, create global definitions, and work together towards Global Standards for the industry.
Global definitions are an important step towards producing global standards and aligning the INREV Guidelines with the NCREIF PREA Reporting Standards. The GDD provides a common glossary of non-listed real estate terms. Many terms have been agreed to globally, while others are specific to Asian, European and North American standards, guidelines and data products.
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 closed.
Over 40 companies took the time to have their say and provide a detailed response to the Total Global Expense Ratio (TGER) industry consultation, which ran between March and June 2018.
Total Global Expense Ratio 2018 - Responses
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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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.
This report compares the two most recent sets of standards produced by INREV and NCREIF PREA Reporting Standards: the INREV Guidelines 2014 and the NCREIF PREA Reporting Standards Handbook Volumes I and II.