The Global Steering Committee brings together members of the European, Asian and North American non-listed real estate community to develop common standards that can be used across the globe, whether you’re an investor or a fund manager.
The steering committee is made up of members from INREV, ANREV, NCREIF and PREA, who have joined forces to identify gaps and best practice, create global definitions, and work together towards Global Standards for the industry.
Global definitions are an important step towards producing global standards and aligning the INREV Guidelines with the NCREIF PREA Reporting Standards. 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.
The Total Global Expense Ratio (TGER) facilitates comparison of fees and costs between real estate investment vehicles that operate across different regions of the globe.
This report compares the two most recent sets of standards produced by INREV and NCREIF PREA Reporting Standards: the INREV Guidelines 2014 and the NCREIF PREA Reporting Standards Handbook Volumes I and II.