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Neil Harris, Co-Chair of the INREV Global Standards Steering Committee explains the importance of setting common industry standards and language across the globe. He discusses the achievements made to date in identifying gaps and explains how they plan to move forward to close the gaps with key representatives from each region.

With the aim to improve the end of fund life experience for all those involved INREV, AREF and IPF have launched a report to outline guiding principles and supporting best practice guidelines for end of fund life.

To further improve transparency and comparability within the non-listed real estate, INREV developed a standardised template of a Sale and Purchase Agreement which will support both investors and managers during transactions related to interests in real estate vehicles.

The template has been designed as a general guide to understand the main rights and obligations of buyers and sellers.

To support its further development, the INREV Secondary Markets and Liquidity Committee welcomes comments from members on this document.

On 30 June 2016, INREV filed a response to the International Valuation Standards Council (IVSC) on their proposed Framework for International Professional Standards.
This framework aims to establish a common set of international standards to enable professional valuers to achieve and maintain competence over the course of their careers.  

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.

In previous years, this report has been titled 'Review or Reporting Best Practice'.

This report compares the two most recent sets of standards produced by INREV and NCREIF PREA Reporting Standards: the INREV Guidelines 2014 and the NCREIF PREA Reporting Standards Handbook Volumes I and II.

This report provides insights into the legal, regulatory and tax regimes of pension fund systems worldwide by:

• Outlining the impact of the transition from defined benefit to defined contribution schemes
• Sharing industry experts’ personal views on current regimes and their expectations for future trends