INREV, ANREV, NCREIF and PREA have come together to release the Global Definitions Database (GDD) – a single depository of definitions for real estate market terms.

This common glossary of terms is a critical step towards convergence of reporting standards and creates a one-stop resource previously unavailable to the industry.

Many of the terms contained in the GDD have been agreed to globally. There are also terms specific to Asian, European and North American standards, guidelines and data products.