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The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis.

INREV releases a quarterly overview of the key characteristics of all non-listed real estate vehicles in Europe. The data is taken from INREV's vehicles database.

The INREV German Vehicles Quarterly Index covers the performance of non-listed real estate vehicles domiciled in Germany on a quarterly basis.

The All German Vehicles Quarterly Index can be further broken down by style, country, structure, legal structure and sector.

Keith O’Donnell, partner at ATOZ Tax Advisors in Luxembourg, presents on the implications of the new Luxembourg-France Double Tax Treaty for the non-listed real estate industry. 

The INREV Index is a performance index for European non-listed real estate funds investing 90% or more in Europe. The information for the quarterly goes back to Q2 2000. The Quarterly Index is published 8 weeks after the end of the quarter, and reports are available in PDF format. The reports cover the performance of non-listed funds in Euro, USD, GBP, JPY, AUD and in Local Currency and are available for members only, please login to download.

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.

The webinar covers:

• INREV Guidelines for calculation and disclosure of fees and expense metrics
• NCREIF PREA Reporting Standards measure of fund fee load
• Global initiative on Total Global Expense Ratio
• Benefits of implementing these guidelines

The webinar will be of interest for investors, fund managers as well as advisors. It will be of particular interest for investment managers who work in fund reporting and those on the product development side who are interested in trends in fee terms and structures.

This year’s survey includes 162 managers and represents total real estate assets under management of €2.7 trillion as at end 2017.

The INREV Investors Only Seminar is where investors can share investor insights and expertise, exclusively within the INREV investor community. Around 100 investors come together each year to discuss topics specific to investors’ needs.

The flagship event of the non-listed real estate industry. Over 400 senior industry experts, from across Europe and beyond. Leading institutional real estate insights and thought-provoking global perspectives