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.
With the participation of many of their volunteer members, NCREIF, PREA, INREV and ANREV are pleased to present Fee and Expense Metrics Phase I Results – the first joint publication towards global reporting standards. These phase 1 results bridge gaps in terminology and associated definitions of the most common fees and costs.
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.