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This paper re-evaluates the case for investing in non-listed real estate funds in the aftermath of the financial crisis and synchronised downturn in real estate markets. The research addresses the performance of the sector relative to other real estate investing options and re-visits the key components underlying the rationale for investing in the sector. This document is for members only, please login if you cannot view all of the downloads below.

This paper focuses on identifying expected changes to the volume and source of real estate debt and equity capital over the short term. Using survey analysis, the research explores the implications of such changes in the supply of capital for the non-listed real estate funds industry over the near term. This document is for members only, please login if you cannot view all of the downloads below.

This report considers the legacy of the financial crisis on the structure of the non-listed real estate industry. Adopting a medium-term horizon to 2015, existing and expected trends for four principal drivers of non-listed real estate are assessed, namely: economic prospects, regulatory change, equity capital and debt capital. This document is for members only, please login if you cannot view all of the downloads.

INREV's prospects for German open end funds report was written in 2012 and looks in the histroical development of German Open End Funds as well as at the impact of the new legistlation (AnsFug) on future allocation to these funds. The snapshot summarises the findings of the report, while the full report is for members only, please login if you cannot view all of the downloads below.

INREV's guide to non-listed report was prepared in 2012 and explores what the industry currently understands are the definitions and characteristics of each of the non-listed real estate products available in the market. The snapshot summarises the findings of the report, while the full report is for members only, please login if you cannot view all of the downloads below.

INREV's liquidity provisions study was conducted in 2009 and analyses the liquidity provisions of non-listed real estate funds including investors’ possibilities to redeem and/or trade shares in those funds, any limitations on these provisions as well as levels of redemptions/trading seen recently. This document is for members only, please login if you cannot view all of the downloads below.

Fund of Funds Fees Study

The fund of funds study includes an overview of the fee structures and fee levels of European non-listed real estate fund of funds. This document is for members only, please login if you cannot view all of the downloads below. INREV has conducted several studies on fees and terms, including the research publication below, as well as the management fees and terms.

Investor Universe Surveys are conducted by INREV to capture the size and composition of the European institutional non-listed real estate universe and the real estate strategies of institutional investors. Surveys from 2012 are available for Italy. A comparison study is also available bringing together information from these European countries. Snapshots are publicly available, while full reports are available for members only, please login if you cannot view all of the downloads below.

INREV's Fund Style Classification was created to provide the industry with a robust classification and a consistent basis to understand and compare risk in funds. It was first released in 2010 and updated in 2012.

The revised INREV Style Classification Report provides the non-listed real estate industry with a robust, enduring and workable style classification (Core, Value Added, Opportunity) for funds.

Glossary of terms used in INREV's Index Data Analysis Tool. This document is for members only, please login if you cannot view all of the downloads below.