A new research paper exploring the implications of SFDR for the non-listed real estate investment industry.
INREV Guidelines Modules
Good corporate governance is key to the success and profitability of your business. Corporate governance means the structure, processes, policies and laws that determine how an investment vehicle is managed and controlled.
Clear reporting is essential for maintaining good communications between investors and managers. The Reporting module sets the standard for the transparent investment vehicle and forms the backbone of the INREV Guidelines.
The Property Valuation module promotes best practices for valuation and aims to foster a common approach to the appraisal process. Estimates of market or fair value that follow these guidelines are based on building blocks that allow for clear and full disclosure.
Consistency in performance measurement is essential to achieving greater comparison. The module provides a standardised calculation methodology and allows investors to benchmark investment vehicles.
The INREV NAV improves transparency and comparability of performance across different types of investment vehicles by providing a standard for calculating NAV.
The Fee & Expense Metrics help investors and managers to compare fees and cost structures and explain the calculation of TER and REER.
The Liquidity module promotes best practices and governance in the area of liquidity rights, to make subscription, redemption and pricing mechanisms more transparent.
Up-to-date vehicle data is essential to increase transparency, reduce investment barriers and promote a mature and accessible investment branch. These standard requirements and best practices for data delivery align investors’ and managers’ interests worldwide.
The Code aims to achieve a shared vision on tax matters for the non-listed real estate investment industry
The Sustainability module provides a framework for real estate investment vehicles to consider ESG goals as part of their overall strategy. It guides users in implementing these goals through an appropriate governance framework as well as how to implement ESG best practices into their day-to-day operations.
The GDD provides a common glossary of non-listed real estate terms. Many terms have been agreed to globally, while others are specific to Asian, European and North American standards, guidelines and data products.
An overview of the main components considered by investment managers used to calculate AUM and an AUM basis of disclosure template to help investment managers facilitate clear and transparent reporting of AUM components.