Membership of INREV is at a corporate level, meaning with one membership countless employees can take advantage of benefits. Membership is divided into the following categories:
Open to participants in the European non-listed real estate investment industry. These include institutional investors*, fund managers, investment banks and fund of funds managers, as well as advisors, such as outsourcers, consultants, accountants and lawyers. Full members have the right to vote during INREV’s general meetings.
* An Introductory membership fee for pension funds and insurance companies which qualify as institutional investors.
Open to non-profit research institutions and universities. Academic members may participate in committees and other INREV activities and events but cannot vote at the Annual General Meeting.
Net INREV membership grew by 41 members in 2018 to a total of 453, with 56 new members and 15 cancellations. Cancellations mainly resulted from strategic refocusing of businesses, as well as mergers. Of the 453 members at the end of 2018, 427 are full members and 26 academic members spread over 28 countries. An up-to-date list of members is provided at the end of this report.
Investor support continued to be a key mandate in 2018 resulting in 96 investor members at the end of 2018, made up of 79 intuitional investors and 17 fund of funds managers. This represents an investor ratio of 21%.
In 2018 the membership composition was comparable to that of the previous seven years.
Throughout 2018, 14 new members joined INREV who are domiciled in the United Kingdom, making it the country with the largest membership growth. The Netherlands and North America followed in second and third spot, with 8 and 7 new members, respectively. Of the total new members in 2018, 24% were non-EU.
In 2018 our 453 corporate members were represented by more than 7000 individuals, who play an important role in the delivery of services to our members by responding to surveys, attending seminars, workshops and meetings. They are also active and engaging participants in the various committees, project teams and working groups that INREV is comprised of.