Ever wondered what happens to a single euro once it enters a non-listed real estate fund? In our new interactive visual, Following the Euro: the flow of money in real estate, we trace its path through a fund, showing how transparency, governance, and consistent reporting turn every step into smarter decisions and better outcomes for investors.
- Step 1: Sourced – Capital allocations are shaped by macroeconomic cycles and portfolio goals. Limited transparency can make comparisons challenging, but INREV indices and market research help measure returns and risk, guiding allocation decisions.
- Step 2: Committed and structured – Once invested, the euro enters a formal vehicle. Pre-commitment information varies across managers, but the INREV Governance module and Due Diligence Questionnaire (DDQ) provide consistent guidance on transparency, reporting, and accountability.
- Step 3: Deployed – The euro flows into assets, developments, or platforms. INREV’s Global Definitions Database (GDD) ensures a common language for vehicles, assets, and costs, making its path clear and comparable.
- Step 4: Tracked – Information comes from administrators, asset managers, and operating partners in different formats. INREV Reporting Guidelines and the Standard Data Delivery Sheet (SDDS) / ESG SDDS structure the data in a uniform format, reducing complexity and making tracking reliable.
- Step 5: Analysed – Once collected, performance must be assessed at vehicle and asset level. INREV Performance Measurement module, Fee & Expense Metrics, and INREV NAV provide consistent methods for calculating returns, costs, and valuations.
- Step 6: Reported – The euro’s story is shared with investors. The SDDS/ESG SDDS ensures uniform reporting templates, reducing duplication for managers while providing investors with high-quality, comparable data.
- Step 7: Submitted and evaluated – Finally, the euro is evaluated and contributes to industry benchmarks. Submissions to the INREV Data Platform feed indices such as the INREV Fund Index and Asset Level Index, helping investors assess performance and build trust.
By applying clear reporting and strong governance, every euro works harder, showing how standardisation benefits not just individual funds, but the non-listed real estate industry as a whole.