INREV response to FCA liquidity mismatch in authorised open end property funds
Published on 03 Nov 2020
Library
Downloads
Liquidity and Pricing in Current Market Circumstances 2020 Briefing
Published on 02 Apr 2020
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
INREV liquidity and pricing insights 2020
Published on 31 Mar 2020
This short paper provides a summary of considerations, relevant INREV Guidelines and additional best practice around open end vehicle liquidity.
INREV Response to consultation on draft guidelines on liquidity stress test for investment funds
Published on 29 Mar 2019
Pillars to Ensure Open End Fund Liquidity
Published on 12 Dec 2018
This paper concentrates on the creation of liquidity in open end fund structures, by describing best case scenarios where investors and fund managers can go on to further successful investments in follow-on or new funds.
Understanding Real Estate Illiquidity Premiums Better 2018
Published on 20 Feb 2018
This research grant was awarded in memory of the late Erwin Stouthamer who served on the INREV Management Board.
Secondary Trading and Liquidity Study 2016
Published on 13 Dec 2016
This INREV research underlines the benefits of secondary trading in non-listed real estate funds.
Investor Perspectives on Indirect Real Estate Liquidity
Published on 20 May 2015
This study focuses on the liquidity needs and requirements of investors who invest in indirect real estate. The aims of the study are to identify how investors define liquidity, discover the importance they ascribe to liquidity when compared to other investment considerations and explore the factors that influence their liquidity needs. Furthermore, the study examines investor views on the drivers of indirect real estate liquidity and their perspectives on the liquidity of indirect real estate vehicles, with a particular focus on closed end and open end real estate funds. Preferred secondary market transaction methodologies are also examined. Finally, investor suggestions for changes to the indirect real estate market which could enhance liquidity are discussed.
Liquidity Tutorial
Published on 04 Jun 2014
The liquidity self tutorial provides an overview of the liquidity and secondary market trading aspects of the INREV Guidelines 2014.
It examines the different aspects of the liquidity guidelines as well as the objectives and the adoption framework.
INREV Liquidity Provisions Study
Published on 12 Sep 2012
INREV's liquidity provisions study was conducted in 2009 and analyses the liquidity provisions of non-listed real estate funds including investors’ possibilities to redeem and/or trade shares in those funds, any limitations on these provisions as well as levels of redemptions/trading seen recently. This document is for members only, please login if you cannot view all of the downloads below.