Many readers may be quite familiar with this month’s staff profile feature candidate who has recently moved over to the INREV side of the industry. This quarter, we were excited to catch up with Iryna Pylypchuk in her capacity as INREV’s new Director of Research and Market Information (RMI).
Iryna joins INREV from Fidelity International and prior to that CBRE, bringing with her almost two decades of investment research experience. While Iryna has joined INREV during a global pandemic when the majority of the industry is still working from home, fortunately she is already very familiar with INREV and the team as a previous member, - and even chair- of the research committee.
The non-listed real estate industry is undergoing a transformation and the direction of travel is clear:
- From the performance perspective: a shift from a fund level to an asset level performance
- From the investment strategy perspective: a changing investment mindset to real estate as an asset with a service, or real estate as a service.
‘Real estate research is my passion and I am humbled to have the opportunity to work with the industry.’ Shares Pylypchuk. ‘The overarching goal is to build on the solid foundation of INREV’s existing research projects and indices and to continue to shape research and market information, reflecting not only the evolving needs of the industry today, but also tomorrow.’
Real estate research is my passion and I am humbled to have the opportunity to work with the industry
‘The near-term goals will be anchored on ‘adding value’, by streamlining and creating synergies with the existing INREV data and tools. My predecessor, Henri Vuong has been instrumental in the expansion of research output and indices, and I am very much looking forward to building on that progress.’ continues Pylypchuk.
The global COVID-19 pandemic and the subsequent economic pressures are having a significant impact on the industry, but these pressures are very different from what they were during the GFC. ‘It is the income component of performance that requires investors’ and managers’ undivided attention – highlighting the pressing need to expand the available data in that area’ tells Pylypchuk . As a first step, INREV has responded to the changing needs of members, providing timely and relevant information including quarterly market insights and surveys on sentiment and valuations which have been very well received by the membership according to the results-at-a-glance of the annual membership survey.
Pylypchuk shares, ‘In light of the positive response this is something that we’ll be building on further, ensuring precision insights are available for our members when they are required the most and enabling them to be adequately prepared to face the challenges on the road ahead.’
The non-listed real estate industry is always appreciative of research, but at times of change and uncertainty, its role flourishes even more
‘The non-listed real estate industry is always appreciative of research, but at times of change and uncertainty, its role flourishes even more. I firmly believe that the timing is right, and with the support of INREV members and their expertise, we can start this next phase and push boundaries to enhance the data, tools and the suite of publications that are available for the non-listed real estate industry. I am very much looking forward to this new challenge and engaging with the INREV membership community.’
You can contact Iryna at Iryna. Pylypchuk@inrev.org