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Management Fees and Terms Study

The Management Fees and Terms Study analyses the fees and terms structures and rates of non-listed real estate funds in Europe, Asia Pacific and the US. The PREA sample also captures non-US funds. The report is based on three separate regional studies carried out in spring / summer 2016 by INREV (Europe), ANREV (Asia Pacific) and PREA (the US).

Within all three regions, fund management fee structures are varied and depend on, for instance, account type, investment style, as well as the funds’ target markets.
The diversity increases when funds are compared across regions, due to differences in real estate market practices and legacies.

Publications

Management Fees and Terms Comparison Study 2019  

Published on 12 Nov 2019

The Management Fees and Terms Comparison Study 2019 compares the fees and cost structures of non-listed real estate investment funds in Europe and Asia Pacific with a focus on total expense ratios (TERs) and real estate expense ratios (REERs). The report is based on the regional studies conducted by INREV and ANREV during 2018.

Management Fees and Terms Study 2016  

Published on 21 Nov 2016

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.

Management Fees and Terms Study 2014  

Published on 21 Nov 2014

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.

Management Fees and Terms Study 2013  

Published on 21 Nov 2013

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.

Management Fees and Terms Study 2012  

Published on 19 Jul 2016

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.

Management Fees and Terms Study 2011  

Published on 21 Nov 2011

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.