INREV’s Global Initiatives have passed ten years of progress, characterised by robust collaboration between INREV, ANREV, NCREIF and PREA, the leading industry associations in Europe, Asia-Pacific and the US.
This initiative has created global research and indices to ensure greater transparency, consistency and comparability in the non-listed real estate industry. A major milestone was the launch of the Global Real Estate Fund index in 2014, and in 2019 its history was extended to Q1 2005, marking 20 years of global data today. Several other global data initiatives have been released since then, strengthening the global data landscape every year.
Looking ahead, the associations will continue to collaborate on several key priorities. This includes expanding the coverage and analytics of the global indices by enhancing the current indices’ insights with historical allocation data and reporting currency. Furthermore, we are jointly exploring the possibility of launching several new global data products that would further enrich cross‑regional analysis, including:
- A global asset-level index, measuring the performance of direct real estate assets after deducting asset level operating expenses, but excluding the impact of leverage and vehicle level costs and fund level fees.
- A currency-neutral Global ODCE Index, clarifying performance by removing the currency impact of assets held in countries with a different reporting currency to the fund.
- A Global ODCE Flash Report, providing an early snapshot of ODCE performance and indicating the broad direction of travel ahead of the comprehensive Global ODCE Index.
These projects reflect the continued commitment of the associations to support the growing importance of global comparability.
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