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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.

In a letter to the European Commissioner responsible for the Capital Markets Union since the resignation of Lord Hill, Valdis Dombrovskis, the real estate industry urged continuing prioritisation of the Capital Markets Union initiative to a successful conclusion.

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.

This study examines management fees and costs. There are two parts to the study: the European part and the global comparison.

Europe

INREV's Management Fees and Terms study provides an overview of the fees, costs and total expense ratios (TERs) of European non-listed real estate funds. This part has been conducted on a regular basis (but not annually) since 2007.

Global Comparison

The Management Fees and Terms Global Comparison Study compares the fees and costs and, where applicable, total expense ratios (TERs) of non-listed real estate funds in Europe, Asia Pacific and the US. This part has been conducted on a regular basis (but not annually) since 2007. The global comparison has been conducted since 2010.

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.

The study provides an overview of the fund of funds industry globally, including insights by target region, by style and structure and other associated characteristics, as well as analysis of the performance of funds of funds.

This study has been conducted since 2007.  Since 2015 the study has been carried out with ANREV.

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.  

With sustainability becoming a decisive element for institutional investors and fund managers when looking at non-listed real estate investments, is very important to keep updated on how the industry is evolving in respect to sustainable investments and to gain a solid understanding of best practices and efforts in the area.

In this webinar, Sophie Carruth, Head of Sustainability - Europe at LaSalle Investment Management, will present some of the latest developments on implementing sustainable solutions and on enhancing performance
 
The webinar will cover the following items:
 
•   How the health and well-being of tenants and customers translate into productivity
•   Issues around energy certification
•   Impact of sustainability on performance: LaSalle business case
•   Introduction to INREV Sustainability reporting guidelines

Who should attend the webinar:
The course will be of interest for investors, fund managers as well as advisors who are involved in sustainability within their company or is curious about the integration and implementation of sustainability policies in fund structures.

Logistics
Participants will follow along in real time from their computers. A few days prior to the event Adobe information will be sent directly to the delegates.
Internet, PC and PC microphone are required to join the course.

This paper sets out the contribution of Commercial Real Estate (CRE) debt in Europe to the real economy. It
considers the changing structure of the market, the characteristics.

This paper was produced by APL, CREFC Europe, INREV and ZIA.

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.