Research

Management fees dominate core funds’ Total Expense Ratios (TERs) in both regions, according to the latest INREV Management Fees and Terms Comparison Study 2021, published in collaboration with ANREV. 

We are pleased to be back on the road around Europe in January to disseminate the results of the Investment Intentions Survey 2022.  

21 October, 2021: The 2021 Global Management Survey, published by NAREIM, INREV and Ferguson Partners, paints a varied picture of real estate investment managers’ recovery from COVID-19.  In terms of 2020 financial performance, 38% of respondents recorded a 10% increase in EBITDA, while 32% reported a 10% drop.

The median firm in the survey recorded net AUM growth of 6%.  While still positive, this reflects the first year of slowing growth since 2016. The survey reports 29% of respondents recording a year-on-year fall in AUM – up from 21% in 2019.

The 2020 financial results reflect a varied picture of global real estate investment managers’ performance.

During last week’s briefing we looked at the Q2 2021 market insights. 

15 September 2021, Amsterdam – Results from the latest pan-European INREV Quarterly Asset Level Index reveal the strong performance of European non-listed real estate. Total returns hit 3.01% in Q2 2021, driven largely by capital growth of 2.10% (up from 0.42% the previous quarter) and marking the fourth consecutive quarter of positive performance, and the best quarterly result in three and a half years. 

If you missed these briefings last week, you can catch up over at the INREV on-demand library

Fund Terminations Study 2021

Join us next week on 2 September at 15:00 CET / 14:00 UK time when we’ll explore the key highlights of the Funds Termination Study 2021

14 July 2021, Amsterdam – Funds of funds globally increased their total value of assets under management (AUM) to a record high of at least €43.4 billion at the end of 2020, marking the third consecutive year of growth, according to the ANREV / INREV /NCREIF Fund Manager Survey 2021. The Fund of Funds Study 2021, jointly published by INREV and ANREV today, paints a similar picture of a consistently dominant appetite for large, core style funds of funds with global strategies, in particular.