Library

ANREV, INREV, and NCREIF hosted a joint briefing to inform their members of the launch of the new Global IRR Report. This initiative represents the logical integration of the three member-driven non-profit organisations to meet the data collection and, increasingly global, information needs of our members; and to serve as the basis for further collaboration in the future.

Constantin Sorlescu, Director of Professional Standards at INREV joined by Renaud Breyer, Partner at EY Luxembourg, and Andrew Muscat, COO/CFO at LaSalle Global Partner Solutions, shows you how to calculate TGER, including treatment and allocation of its main components, and how to make the transition from TER to TGER to ensure compliance with the INREV Guidelines.

During the briefing, Constantin Sorlescu, INREV together with Thomas Kallenbrunnen, PGIM Real Estate, Nick Brown, M&G Real Estate, John Ravoisin, PwC and Robert White, EY discuss:

• Liquidity requirements and secondary markets
• Terms and rights of redemptions
• Transparency and disclosures regarding pricing policy

Constantin Sorlescu, INREV will be joined by John Ravoisin, PwC and Renaud Breyer, EY provide guidance and considerations that may be appropriate for investment managers when reporting to investors in these uncertain times. Also read a short paper filled with reporting considerations related to COVID-19 and which are based on the INREV Guidelines.

Louisa Cobbe, Matt Baker and Sarah Ward from Bryan Cave Leighton Paisner (BCLP) in London present on key operational, legal, regulatory and competition issues around structuring and running real estate joint ventures/clubs. 

Oscar Fusco, Research and Analytics Analyst at INREV joined by Kim Politzer, Director of Research, European Real Estate at Fidelity International, and Robert Wagenaar, Manager International Finance at Bouwinvest, discuss the recent performance and trends of the INREV Fund index, INREV ODCE Index and INREV Asset Level Index. 

Renaud Breyer, Partner at EY and Constantin Sorlescu, Director Professional Standards at INREV provide insights into current market practices in investor reporting and discuss the main findings of the Trends in Investor Reporting Study 2019. 

Note: due to technical difficulties full recording is not available. 

Brenna O'Roarty, Executive Director at RHL Strategic Solutions and Maarten Jennen, Senior Director - Strategist Private Real Estate at PGGM, discuss the The Coming of Age: the rebirth and renewal of the non-listed real estate industry 2019 paper. 

Note: due to technical difficulties full recording is not available. 

Henk de Graaf from Deloitte presents on the status of ATAD II anti-hybrid mismatch rules implementing legislation.

Norbert Bol, Chief Investment Officer at Sweco, Mark Long, Head of Strategy at Orchard Street, and Jose Monsalve, INREV Research and Analytics Analyst, dive into the results from the INREV Investor Universe Studies.