This paper concentrates on the creation of liquidity in open end fund structures, by describing best case scenarios where investors and fund managers can go on to further successful investments in follow-on or new funds.
The INREV Due Diligence Questionnaire (DDQ) assists investors and consultants in the due diligence process to understand a fund manager’s structure, strategy and non-listed real estate business. It also gives insight in a specific vehicle’s strategy, risk processes, management, terms and projected performance. With it, investors can determine, in principle, whether a proposal fits their investment objectives.
DDQ was updated in July 2018. New version reflects the feedback received from INREV members during a two-month consultation period.
There’s broad agreement within the industry that we need to establish a more structured and common approach to pricing policies. To accelerate the debate INREV and AREF are pleased to present a consultation on Open End Fund Pricing.
In November 2017 INREV and AREF presented a consultation paper on Open End Fund Pricing, feedback was reviewed by the focus group and a conclusion of Phase 1 was released in July 2018.
The INREV DDQ provides a standardised framework that helps investors achieving a high level of scrutiny when entering a due diligence process. In the last months, INREV has been updating the structure and content of the INREV Due Diligence Questionnaire to make it more global, easy and online.
Join this webinar to get an understanding of the proposed changes, to participate to the discussion and to have the opportunity to provide feedback.
The webinar is led by Jaap van der Bijl, CEO, Altera Vastgoed and chair of the Due Diligence Committee.
INREV, ANREV, NCREIF and PREA are pleased to jointly release for industry consultation the first globally comparable measure of fees and costs named Total Global Expense Ratio (TGER). The consultation period is closed.
Over 40 companies took the time to have their say and provide a detailed response to the Total Global Expense Ratio (TGER) industry consultation, which ran between March and June 2018.
Total Global Expense Ratio 2018 - Responses
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.
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INREV’s new Guide to Secondary Trading makes it less of a mystery for newcomers, and provides useful tips for all participants.
Trends in Investor Reporting aims to provide insight into current market practices in investor reporting across non-listed real estate vehicles investing in Europe, and specifically the extent to which reporting complies with the requirements and recommendations of the INREV Guidelines.
INREV and RICS conducted a survey to provide insight into the ways in which valuers and investors are being impacted.
The Global Investment Performance Standards (GIPS) have become a global standard for investment managers to report performance to prospective clients across non-real estate asset classes.
INREV has conducted research on the adoption of GIPS in European non-listed real estate, and has provided responses to public consultations on updates to the standards.
John Ravoisin, Chair of the Reporting Committee and Partner at PwC explains the importance of reporting in today’s market, and talks about how the committee aims to create guidelines that will shape best practice for the industry in the future.