Nick Duff sees the real estate industry as offering positive opportunities for his pension fund clients. He spoke to IQ about the benefits of the sector, as well as highlighting some of the issues that matter most to his clients and the challenges facing the industry. Read more
It was a pleasure to see so many of you at the INREV Annual Conference in Berlin in April. Geopolitics book ended discussions on stage, with high quality presentations from Dr Pippa Malmgren and Jami Miscik demonstrating that the world in which we do business gets increasingly complicated. Read more
New members will join INREV committees in 2014 as the groups continue to drive forward INREV’s agenda. Read more
Separate accounts have been a feature of the industry for decades but an interest in more control has seen then come back into the spotlight Separate accounts may feel like a new invention with their popularity increasing in the years following the financial crisis, however, they are actually one of the more long-standing ways for investors to own property. Read more
The Net Asset Value (NAV) of a non-listed real estate fund is the current value of its assets minus its liabilities, which is basically a snapshot of what a fund is theoretically worth at a given point in time. Although the principle sounds simple, in practice, there are no commonly applied standards for calculating this figure within the non-listed property funds industry. Read more
Liquidity is often quoted as a major deterrent to investors investing in non-listed real estate. The ability to exit a fund quickly and efficiently at any point in the life of a fund could be a solution, but at present it is rarely the reality. Read more
In principles, the Net Asset Value (NAV) of a non-listed real estate fund is the current value of its assets minus its liabilities. However, in practice, there is no universally accepted method of calculating this figure. This lack of consistency makes it difficult to compare the performance of non-listed real estate funds both against each other and against other kinds of funds, and led to the development of INREV NAV. Read more
