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A debt fund research report has been published by the International School for Real Estate (IREBS), combining data from INREV, De Montfort University (DMU) and IREBS.

INREV, IPF and SPR have awarded the 2017 Nick Tyrrell Research Prize to Dr Avis Devine of the Schulich School of Business at York University, Toronto and Dr Erkan Yonder of Ozyegin University, Istanbul for their paper, ‘Decomposing the Value Effects of Sustainable Real Estate Investment: International Evidence’.

This study examines the options that fund managers consider as the termination date of their closed end funds approach. This study has been conducted annually since 2007.

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.

This research shows that non-listed real estate can add value to DC investment strategies. 

This survey looks at total real estate assets under management (AUM) of fund managers active in the non-listed real estate fund industry globally.
The full survey lists the Top 50 Fund Managers by total real estate AUM, non-listed real estate vehicles under management broken down by region and by non-listed real estate funds under management broken down by region.

This survey has been conducted annually since 2012.  Since 2015, the survey has been global in scope, thanks to the involvement of ANREV and NCREIF.

INREV's Annual Report and Financial Statements are available since 2009 and provide the Chairman's Report, Mission, History, Association Stucture, and describes INREV's platforms, committees, membership status, activities, and financial report.

An interactive version of the report can be viewed online.

The Capital Raising Survey is a backward-looking analysis of recent capital raising activities by region, investment strategy, style, structure and other factors. This survey has been conducted annually since 2006. Since 2015, the survey has been global in scope, thanks to the involvement of ANREV and NCREIF.

One of the essential functions of financial markets is to price risk to support informed, efficient capital-allocation decisions and it is increasingly important to also understand the governance and risk management context in which financial results are achieved. One of the most significant, and perhaps most misunderstood, risks that organisations face today relates to climate change. While it is widely recognised that continued emission of greenhouse gases will cause further warming of the planet which could lead to damaging economic and social consequences, the exact timing and severity of physical effects are difficult to estimate. The large-scale and long-term nature of the problem makes it uniquely challenging, especially in the context of economic decision making.

To help identify the information needed by investors to appropriately assess and price climate related risks and opportunities, the Financial Stability Board recommends for consistent, comparable, reliable, clear and efficient climate related disclosures. The framework considers the impact of climate change on the following four elements: (1) governance, (2) strategy, (3) risk management and (4) metrics and targets. 

The Task Force on Climate-related Financial Disclosures (TCFD) was established to consider the financial stability risks associated with climate change. One of the most effective ways for addressing the financial stability risks that might emerge from climate change are effective disclosures to ensure that climate-related risks are effectively understood by financial markets. Effective disclosure of climate-related financial risks will help to avoid an abrupt repricing of risk and therefore will reduce risks to financial stability. The Task Force developed four widely adoptable recommendations on climate- related financial disclosures that are applicable to organisations across sectors and jurisdictions. Importantly, the Task Force’s recommendations apply to the financial sector, including banks, insurance companies, asset managers, and asset owners. Large asset owners and asset managers sit at the top of the investment chain and, therefore, have an important role to play in influencing the organisations in which they invest to provide better climate- related financial disclosures.

Prepared by the Task Force on Climate related Financial Disclosures

On 16 March 2017, INREV filed a response to the European Commission’s mid-term review consultation on the implementation of the CMU Action Plan. INREV welcomed efforts to increase long-term investment in the European economy and increase regulatory coherence, but noted that significant obstacles, such as the Solvency II real estate solvency capital requirements and barriers to cross-border marketing under AIFMD, limit investment in real estate.