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Total Global Expense Ratio Consultation Paper 2018  

Published on 20 Mar 2018

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
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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 Response - European Commission's survey on AIFMD  

Published on 19 Mar 2018

INREV's response to the European Commission’s survey on AIFMD being carried out by KPMG. The response reflects the Commission's proposed directive issued last week that includes, inter alia, a definition of pre-marketing that INREV has been encouraging for some time. It is also closely aligned with RICS views on the issue of external valuer liability.

MiFID Webinar  

Published on 26 Feb 2018

The EU Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) went into effect on 3 January 2018 and will have important implications for the non-listed real estate industry.

This webinar focuses on the road ahead for managers affected by MiFID II – whether because they are in-scope as discretionary portfolio managers, because they are caught by gold-plated provisions applicable to UCITS management companies or AIFMs – or otherwise. This webinar is led by partners Hannah Meakin and Imogen Garner of Norton Rose Fulbright together with John Davison, Head of Regulatory Projects at Norton Rose Fulbright. It covers the following topics:

  • The most recent publications to be aware of
  • Outstanding questions - the critical known unknowns
  • Market reaction to documentation
  • What should we have been doing if we weren’t ready?
  • What should we be focussing on, post-implementation?
  • Likely regulatory priorities
  • What to expect next
  • The wider context for asset management

Global Investment Intentions Webinar  

Published on 23 Feb 2018

Henri Vuong, Director of Research and Market information INREV, Amélie Delaunay, Director of Research & Professional Standards ANREV, and Charles Conrath, Vice president JP Morgan Asset Management discuss the results of Global Investment Intentions Survey 2018, carried out by INREV, ANREV and PREA.

The panel will be comments on topics such as investors’ changing real estate allocations, which non-listed real estate vehicles they intend to invest in and how fund managers will respond to that demand.  The speakers also discuss which markets will be most attractive in 2018 and examine the preferences of investors from around the globe by style, structure, region and sector.

Guide to Secondary Trading  

Published on 06 Feb 2018

INREV’s new Guide to Secondary Trading makes it less of a mystery for newcomers, and provides useful tips for all participants.